Calamos Global Dynamic Income Fund Stock Forecast

Green day on Wednesday for Calamos Global Dynamic Income Fund stock after gaining 0.0789%
(Updated on Apr 24, 2024)

CHW Signals & Forecast

There are mixed signals in the stock today. The Calamos Global Dynamic Income 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 $6.43. On a fall, the stock will find some support from the short-term average at $6.29. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.34%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Calamos Global Dynamic Income Fund stock

Calamos Global Dynamic Income Fund finds support from accumulated volume at $6.34 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 $0.0750 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.88%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CHW) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Calamos Global Dynamic Income Fund to open at $6.35, and during the day (based on 14 day Average True Range), to move between $6.26 and $6.43, which gives a possible trading interval of +/-$0.0897 (+/-1.41%) up or down from last closing price. If Calamos Global Dynamic Income Fund takes out the full calculated possible swing range there will be an estimated 2.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.34 (0.08%) than the resistance at $6.51 (2.60%), 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 Dynamic Income Fund stock A Buy?

Calamos Global Dynamic Income 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: -1.884 Sell Candidate Unchanged

Predicted Opening Price for Calamos Global Dynamic Income Fund of Thursday, April 25, 2024

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