Central Europe Russia and Turkey Fund Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Central Europe Russia and Turkey Fund stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Central Europe Russia and Turkey Fund stock price fell by -1.05% on the last day (Thursday, 18th Apr 2024) from $9.55 to $9.45. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.70% from a day low at $9.42 to a day high of $9.58. The price has been going up and down for this period, and there has been a -1.46% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 5 thousand shares were bought and sold for approximately $45.08 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Central Europe Russia and Turkey Fund stock with a 90% probability to be traded between $9.11 and $9.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CEE Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Central Europe Russia and Turkey Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.63 and $9.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -4.64%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Central Europe Russia and Turkey Fund stock
Central Europe Russia and Turkey Fund finds support from accumulated volume at $9.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.160 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 2.09%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CEE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Central Europe Russia and Turkey Fund Inc (The) to open at $9.48, and during the day (based on 14 day Average True Range), to move between $9.24 and $9.66, which gives a possible trading interval of +/-$0.205 (+/-2.17%) up or down from last closing price. If Central Europe Russia and Turkey Fund Inc (The) takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.47 (0.21%) than the support at $9.34 (1.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Central Europe Russia and Turkey Fund Inc (The) stock A Buy?
Central Europe Russia and Turkey Fund holds several negative signals and is within a 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.156 Sell Candidate Downgraded
Predicted Opening Price for Central Europe Russia and Turkey Fund Inc (The) of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $9.48 ( 0.353%) | $9.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.64 | 2.05 % | |
| R2 | 9.58 | 1.40 % | ||
| R1 | 9.54 | 1.00 % | ||
| Current price: | 9.45 | |||
| Support | S1 | 9.42 | -0.294 % | |
| S2 | 9.38 | -0.694 % | ||
| S3 | 9.32 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.62 | 1.80 % | |
| R2 | 9.60 | 1.59 % | ||
| R1 | 9.47 | 0.212 % | ||
| Current price | 9.45 | |||
| Support | S1 | 9.34 | -1.16% | |
| S2 | 9.31 | -1.48% | ||
| S3 | 0 | . |
CEE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.239 | 2.46% |
| 2 | Dec 20, 2022 | Dec 29, 2022 | Jan 30, 2019 | $0.239 | 0.98% |
| 3 | Dec 22, 2021 | Dec 29, 2021 | Jan 28, 2022 | $0.95 | 4.10% |
| 4 | Dec 21, 2020 | Dec 29, 2020 | Jan 28, 2021 | $0.92 | 3.86% |
| 5 | Dec 23, 2019 | Dec 27, 2019 | Jan 30, 2020 | $1.46 | 5.28% |
FAQ
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