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Calamos Convertible Opportunities and Fund Forecast NASDAQ:CHI

$15.14 (-0.0660%)

Volume: 120k

Closed: Dec 08, 2021

Hollow Logo Score: 1.146

Calamos Convertible Opportunities and Fund Forecast

$15.14 (-0.0660%)

Volume: 120k

Closed: Dec 08, 2021

Score Hollow Logo 1.146
Which way will CHI go? Request
Wed, Dec 08, 2021 Buy Candidate Upgraded
Stop-loss: $14.26 (-5.83%)
Key Stats
Beta 0.76
Trailing Dividend Rate 7.09% ($1.07)
Next Dividend Date Dec 13, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Calamos Convertible Opportunities and fund currently holds an RSI14 at 24 and is oversold on RSI14. The fund being oversold is no guarantee for instant reaction up as some funds may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Stronger technical forecast for Calamos Convertible Opportunities and fund price after Wednesday trading.
(Updated on Dec 08, 2021)


Buy candidate since 2021-12-08

The Calamos Convertible Opportunities and fund price fell by -0.0660% on the last day (Wednesday, 8th Dec 2021) from $15.15 to $15.14. During the day the fund fluctuated 1.86% from a day low at $15.08 to a day high of $15.36. The price has fallen in 7 of the last 10 days and is down by -3.87% for this period. Volume fell on the last day along with the fund, which is actually a good sign as volume should follow the fund. On the last day, the trading volume fell by -8 thousand shares and in total, 120 thousand shares were bought and sold for approximately $1.82 million.

The fund is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $14.85 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Calamos Convertible Opportunities and fund with a 90% probability to be traded between $14.96 and $16.44 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 2.02%. 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 Convertible Opportunities and fund 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 fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term moving average at $15.74. On a fall, the fund will find some support from the short-term average at $14.99. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Calamos Convertible Opportunities and finds support from accumulated volume at $15.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.28 between high and low, or 1.86%. For the last week, the fund has had a daily average volatility of 2.28%.

Calamos Convertible Opportunities and is oversold on RSI14 (24). Some funds may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $14.26 (-5.83%) (This fund has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)

Is Calamos Convertible Opportunities and Income Fund fund A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Calamos Convertible Opportunities and fund to perform well in the short-term period. We have upgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.146

Predicted Opening Price for Calamos Convertible Opportunities and Income Fund of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$15.19 $15.14 (Undervalued)
Buy Candidate Upgraded

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Volatility and Risk
Daily Average Volatility: 2.28 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.28 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $15.57
Price: $15.14
Support: $15.03

CHI Insider Trading Show all Trades

INSIDER POWER

0.803

Last 32 transactions
Buy: 36 384 | Sell: 45 337 (Shares)
Date Action Amount Person Type
Dec 18, 2020 Buy 1 000 Mickey Mark Common Stock
Feb 07, 2020 Buy 4 500 Wennlund Lloyd Common Stock
Dec 19, 2019 Sell 400 Tripple David D Common Stock
Jan 23, 2017 Sell 25 737 Calamos John P Sr Common Stock
Nov 21, 2016 Buy 10 000 Timbers Stephen B Common Stock
Show all Insider Trades
INSIDER POWER

0.803

Last 32 transactions
Buy: 36 384 | Sell: 45 337 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 15.47 2.20 %
15.37 1.50 %
15.30 1.06 %
Current price: 15.14
Support 15.09 -0.35 %
15.02 -0.79 %
14.91 -1.50 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 16.00 5.68 %
15.88 4.89 %
15.57 2.84 %
Current price 15.14
Support 15.03 -0.73%
14.90 -1.59%
14.84 -1.98%

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