Colonial Municipal Income Trust Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Colonial Municipal Income Trust stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Colonial Municipal Income Trust stock price gained 0.520% on the last trading day (Friday, 3rd May 2024), rising from $3.27 to $3.29. It has now gained 4 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 1.22% from a day low at $3.27 to a day high of $3.31. The price has risen in 5 of the last 10 days and is up by 1.39% 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, 70 thousand more shares were traded than the day before. In total, 96 thousand shares were bought and sold for approximately $314.89 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Colonial Municipal Income Trust stock with a 90% probability to be traded between $3.15 and $3.25 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CMU Signals & Forecast
The Colonial Municipal Income Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.24 and $3.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.34%. 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). Colonial Municipal Income Trust 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. The stock had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 12, 2023.
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
The stock had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 12, 2023.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 Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 12, 2023.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 Colonial Municipal Income Trust stock
Colonial Municipal Income Trust finds support from accumulated volume at $3.28 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 $0.0400 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 0.91%.
Our recommended stop-loss: $3.12 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CMU) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Colonial Municipal Income Trust to open at $3.29, and during the day (based on 14 day Average True Range), to move between $3.26 and $3.31, which gives a possible trading interval of +/-$0.0266 (+/-0.81%) up or down from last closing price. If Colonial Municipal Income Trust takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.28 (0.15%) than the resistance at $3.30 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Colonial Municipal Income Trust stock A Buy?
Colonial Municipal Income Trust 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Colonial Municipal Income Trust of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3.29 ( 0.101%) | $3.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.33 | 1.32 % | |
| R2 | 3.31 | 0.85 % | ||
| R1 | 3.30 | 0.567 % | ||
| Current price: | 3.29 | |||
| Support | S1 | 3.27 | -0.364 % | |
| S2 | 3.26 | -0.651 % | ||
| S3 | 3.25 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.33 | 1.37 % | |
| R2 | 3.32 | 1.07 % | ||
| R1 | 3.30 | 0.457 % | ||
| Current price | 3.29 | |||
| Support | S1 | 3.28 | -0.152% | |
| S2 | 3.27 | -0.457% | ||
| S3 | 3.26 | -0.91% |
CMU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.0135 | 0.410% |
| 2 | Apr 16, 2024 | Apr 16, 2024 | Apr 30, 2024 | $0.0135 | 0.417% |
| 3 | Mar 12, 2024 | Mar 12, 2024 | Mar 28, 2024 | $0.0135 | 0.405% |
| 4 | Feb 01, 2024 | Feb 13, 2024 | Feb 29, 2024 | $0.0125 | 0.382% |
| 5 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0115 | 0.348% |
FAQ
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