Red day on Friday for Central Europe Russia and Turkey Fund fund after losing 1.92%
(Updated on Jan 21, 2022)
Sell candidate since 2022-01-19 Loss -3.01% PDF
The Central Europe Russia and Turkey Fund fund price fell by -1.92% on the last day (Friday, 21st Jan 2022) from $24.01 to $23.55. and has now fallen 4 days in a row. During the day the fund fluctuated 4.09% from a day low at $23.23 to a day high of $24.18. The price has fallen in 6 of the last 10 days and is down by -9.53% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $155.43 thousand.
The fund lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -20.31% during the next 3 months and, with a 90% probability hold a price between $17.43 and $20.77 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
There are few to no technical positive signals at the moment. The Central Europe Russia and Turkey Fund fund holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.09 and $26.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 18, 2022, and so far it has fallen -9.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Central Europe Russia and Turkey Fund gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss
There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.
This fund has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the fund moved $0.95 between high and low, or 4.09%. For the last week, the fund has had a daily average volatility of 3.55%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Central Europe Russia and Turkey Fund Inc (The) fund A Buy?
Central Europe Russia and Turkey Fund holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.
Current score: -3.109Sell Candidate Unchanged
Insiders are very positive buying more shares than they are selling in Central Europe Russia and Turkey Fund
In the last 100 trades there were 17.25 thousand shares bought and 7.97 thousand shares sold. The last trade was done 359 days ago by Hatje Holger who bough 38.61 shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.
Predicted Opening Price for Central Europe Russia and Turkey Fund Inc (The) of Monday, January 24, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price January 24, 2022||Current price|
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On Mar 24, 2021 "Royal Bank of Canada" gave "Sector Perform" rating for CEE. The price target was changed from $128.00 to $115.00.
CEE Insider Trading
|Jan 28, 2021||Buy||39||Hatje Holger||Common Stock|
|Jan 28, 2021||Buy||15||Pleister Christopher||Common Stock|
|Jan 28, 2021||Buy||34||Burt Richard R||Common Stock|
|Jan 28, 2021||Buy||21||Froewiss Kenneth C||Common Stock|
|Jan 28, 2021||Buy||16||Zugel Christian||Common Stock|
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