Calamos Global Dynamic Income Fund Stock Forecast
Calamos Global Dynamic Income Fund stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The Calamos Global Dynamic Income Fund stock price gained 0.307% on the last trading day (Wednesday, 27th Mar 2024), rising from $6.51 to $6.53. During the last trading day the stock fluctuated 1.24% from a day low at $6.46 to a day high of $6.54. The price has risen in 6 of the last 10 days and is up by 1.4% over the past 2 weeks. Volume fell on the last day by -47 thousand shares and in total, 197 thousand shares were bought and sold for approximately $1.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a narrow and 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 14.22% during the next 3 months and, with a 90% probability hold a price between $7.40 and $7.63 at the end of this 3-month period.
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CHW Signals & Forecast
The Calamos Global Dynamic Income 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 $6.48 and $6.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 03, 2024, and so far it has risen 14.76%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. 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.
Golden Star 12 Months
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 $6.51 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 $0.0800 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 0.90%
Our recommended stop-loss: $6.32 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 58 days ago.)
Trading Expectations (CHW) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Calamos Global Dynamic Income Fund to open at $6.51, and during the day (based on 14 day Average True Range), to move between $6.46 and $6.60, which gives a possible trading interval of +/-$0.0727 (+/-1.11%) 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 2.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $6.51, some $0.0200 (0.31%) from the current price of $6.53, our system finds the risk reward attractive.
Is Calamos Global Dynamic Income Fund stock A Buy?
Calamos Global Dynamic Income 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.590 Strong Buy Candidate Upgraded
Predicted Opening Price for Calamos Global Dynamic Income Fund of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$6.51 ( 0.306%) | $6.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.59 | 0.92 % | |
R2 | 6.56 | 0.451 % | ||
R1 | 6.54 | 0.162 % | ||
Current price: | 6.53 | |||
Support | S1 | 6.48 | -0.774 % | |
S2 | 6.46 | -1.06 % | ||
S3 | 6.43 | -1.53 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 6.53 | |||
Support | S1 | 6.51 | -0.306% | |
S2 | 6.34 | -2.91% | ||
S3 | 6.11 | -6.43% |
CHW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.0500 | 0.768% |
2 | Feb 01, 2024 | Feb 09, 2024 | Feb 20, 2024 | $0.0500 | 0.82% |
3 | Dec 18, 2023 | Dec 28, 2023 | Jan 11, 2024 | $0.0500 | 0.86% |
4 | Dec 01, 2023 | Dec 11, 2023 | Dec 18, 2023 | $0.0500 | 0.87% |
5 | Nov 01, 2023 | Nov 13, 2023 | Nov 20, 2023 | $0.0500 | 0.88% |
FAQ
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