Calamos Global Total Return Fund Stock Forecast
Calamos Global Total Return Fund stock price up 0.360% on Tuesday
(Updated on Jul 02, 2024)
The Calamos Global Total Return Fund stock price gained 0.360% on the last trading day (Tuesday, 2nd Jul 2024), rising from $11.11 to $11.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.08% from a day low at $11.07 to a day high of $11.19. The price has risen in 7 of the last 10 days and is up by 1.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $209.81 thousand.
The stock lies in the middle of a strong 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 11.32% during the next 3 months and, with a 90% probability hold a price between $11.81 and $12.77 at the end of this 3-month period.
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CGO Signals & Forecast
Mostly positive signals in the chart today. The Calamos Global Total Return Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.06 and $10.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 15.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Calamos Global Total Return Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces 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 $11.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.120 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.05%.
The Calamos Global Total Return Fund stock is extremely overbought on RSI14 (87). This increases the short-term risk substantially.
Our recommended stop-loss: $10.79 (-3.26%) (This stock has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 76 days ago.)
Trading Expectations (CGO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Calamos Global Total Return Fund to open at $11.14, and during the day (based on 14 day Average True Range), to move between $10.99 and $11.31, which gives a possible trading interval of +/-$0.157 (+/-1.41%) 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 2.82% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.00, some $0.150 (1.35%) from the current price of $11.15, our system finds the risk reward attractive.
Is Calamos Global Total Return Fund stock A Buy?
Calamos Global Total Return Fund holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.345 Strong Buy Candidate Unchanged
Predicted Opening Price for Calamos Global Total Return Fund of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $11.14 ( 0.120%) | $11.15 |
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 | |
|---|---|---|
| R3 | 11.26 | 0.96% |
| R2 | 11.21 | 0.546% |
| R1 | 11.18 | 0.292% |
| Price | 11.15 | |
| S1 | 11.09 | -0.531% |
| S2 | 11.06 | -0.785% |
| S3 | 11.02 | -1.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 11.15 | |
| S1 | 11.00 | -1.35% |
| S2 | 10.85 | -2.69% |
| S3 | 9.75 | -12.56% |
CGO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 13, 2024 | May 21, 2024 | $0.0800 | 0.748% |
| 2 | Apr 01, 2024 | Apr 11, 2024 | Apr 19, 2024 | $0.0800 | 0.83% |
| 3 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.0800 | 0.763% |
| 4 | Feb 01, 2024 | Feb 09, 2024 | Feb 20, 2024 | $0.0800 | 0.82% |
| 5 | Dec 18, 2023 | Dec 28, 2023 | Jan 11, 2024 | $0.0800 | 0.88% |
FAQ
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