Calamos Global Total Return Fund Stock Forecast
Red day on Thursday for Calamos Global Total Return Fund
(Updated on Apr 25, 2024)
The Calamos Global Total Return Fund stock price fell by -0.299% on the last day (Thursday, 25th Apr 2024) from $10.02 to $9.99. During the last trading day the stock fluctuated 1.81% from a day low at $9.86 to a day high of $10.04. The price has fallen in 6 of the last 10 days and is down by -2.25% for this period. 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 -1 thousand shares and in total, 27 thousand shares were bought and sold for approximately $268.91 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.55% during the next 3 months and, with a 90% probability hold a price between $10.45 and $11.81 at the end of this 3-month period.
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CGO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.31%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Calamos Global Total Return Fund stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.21. On a fall, the stock will find some support from the short-term average at $9.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Calamos Global Total Return Fund stock
Calamos Global Total Return Fund finds support from accumulated volume at $9.95 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 controlled movements and therefore the general risk is considered 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 $0.178 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Calamos Global Total Return Fund to open at $9.96, and during the day (based on 14 day Average True Range), to move between $9.80 and $10.18, which gives a possible trading interval of +/-$0.193 (+/-1.94%) up or down from last closing price. If Calamos Global Total Return Fund takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.95 (0.40%) than the resistance at $10.31 (3.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Calamos Global Total Return Fund stock A Buy?
Calamos Global Total Return Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.200 Sell Candidate Unchanged
Predicted Opening Price for Calamos Global Total Return Fund of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$9.96 ( 0.262%) | $9.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.14 | 1.52 % | |
R2 | 10.07 | 0.84 % | ||
R1 | 10.03 | 0.421 % | ||
Current price: | 9.99 | |||
Support | S1 | 9.90 | -0.94 % | |
S2 | 9.85 | -1.37 % | ||
S3 | 9.79 | -2.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.61 | 6.21 % | |
R2 | 10.49 | 5.01 % | ||
R1 | 10.31 | 3.20 % | ||
Current price | 9.99 | |||
Support | S1 | 9.95 | -0.400% | |
S2 | 9.75 | -2.40% | ||
S3 | 9.69 | -3.00% |
CGO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 11, 2024 | Apr 19, 2024 | $0.0800 | 0.83% |
2 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.0800 | 0.763% |
3 | Feb 01, 2024 | Feb 09, 2024 | Feb 20, 2024 | $0.0800 | 0.82% |
4 | Dec 18, 2023 | Dec 28, 2023 | Jan 11, 2024 | $0.0800 | 0.88% |
5 | Dec 01, 2023 | Dec 11, 2023 | Dec 18, 2023 | $0.0800 | 0.87% |
FAQ
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