Canadian High Income Equity Fund Trust Forecast
Canadian High Income Equity Fund trust price ended at $6.65 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Canadian High Income Equity Fund trust on the last trading day (Friday, 28th Jun 2024). During the last trading day the trust fluctuated 0% from a day low at $6.65 to a day high of $6.65. The price has been going up and down for this period, and there has been a 0.45% gain for the last 2 weeks.
The trust is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Canadian High Income Equity Fund trust with a 90% probability to be traded between $6.50 and $6.88 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CIQ-UN.TO Signals & Forecast
The Canadian High Income Equity Fund trust holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately $6.74. On a fall, the trust will find some support from the long-term average at approximately $6.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The trust had a Golden Star Signal on Monday, June 17, 2024 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 trust in question.
Golden Star 12 Months
The trust had a Golden Star Signal on Monday, June 17, 2024 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 trust in question.
Support, Risk & Stop-loss for Canadian High Income Equity Fund trust
Canadian High Income Equity Fund finds support from accumulated volume at $6.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust 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 trust During the last day, the trust moved $0 between high and low, or 0%. For the last week the trust has had daily average volatility of 0%
Our recommended stop-loss: $6.25 (-6.00%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CIQ-UN.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Canadian High Income Equity Fund to open at $6.65, and during the day (based on 14 day Average True Range), to move between $6.58 and $6.72, which gives a possible trading interval of +/-$0.0698 (+/-1.05%) up or down from last closing price. If Canadian High Income Equity Fund takes out the full calculated possible swing range there will be an estimated 2.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.69 (0.60%) than the support at $6.61 (0.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Canadian High Income Equity Fund trust A Buy?
Canadian High Income Equity Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.211 Hold/Accumulate Unchanged
Predicted Opening Price for Canadian High Income Equity Fund of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
$6.65 ( 0.00000000%) | $6.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIQ-UN.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.65 | 0.00000000% |
R2 | 6.65 | 0.00000000% |
R1 | 6.65 | 0.00000000% |
Price | 6.65 | |
S1 | 6.65 | 0.00000000% |
S2 | 6.65 | 0.00000000% |
S3 | 6.65 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.79 | 2.11% |
R2 | 6.71 | 0.90% |
R1 | 6.69 | 0.602% |
Price | 6.65 | |
S1 | 6.61 | -0.602% |
S2 | 6.59 | -0.90% |
S3 | 6.51 | -2.11% |
FAQ
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