Calamos Long/Short Equity & Dynamic Stock Forecast
Evaluation of Calamos Long/Short Equity & Dynamic stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Calamos Long/Short Equity & Dynamic stock price gained 0.456% on the last trading day (Thursday, 28th Mar 2024), rising from $15.36 to $15.43. It has now gained 3 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 2.30% from a day low at $15.24 to a day high of $15.59. The price has risen in 7 of the last 10 days and is up by 3.56% 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, 24 thousand more shares were traded than the day before. In total, 86 thousand shares were bought and sold for approximately $1.33 million.
The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $15.46 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.03% during the next 3 months and, with a 90% probability hold a price between $15.25 and $15.78 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CPZ Signals & Forecast
The Calamos Long/Short Equity & Dynamic 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 $15.24 and $15.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 3.56%. 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). Calamos Long/Short Equity & Dynamic 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 Tuesday, March 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, January 03, 2024.
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 Tuesday, March 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, January 03, 2024.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 Tuesday, March 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, January 03, 2024.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 Long/Short Equity & Dynamic stock
Calamos Long/Short Equity & Dynamic finds support from accumulated volume at $15.00 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 $0.350 between high and low, or 2.30%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: $14.67 (-4.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (CPZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Calamos Long/Short Equity & Dynamic Income Term Trust to open at $15.42, and during the day (based on 14 day Average True Range), to move between $15.20 and $15.66, which gives a possible trading interval of +/-$0.234 (+/-1.52%) up or down from last closing price. If Calamos Long/Short Equity & Dynamic Income Term Trust takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.00, some $0.430 (2.79%) from the current price of $15.43, our system finds the risk reward attractive.
Is Calamos Long/Short Equity & Dynamic Income Term Trust stock A Buy?
Calamos Long/Short Equity & Dynamic 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Calamos Long/Short Equity & Dynamic Income Term Trust of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$15.42 ( 0.0648%) | $15.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.77 | 2.20 % | |
R2 | 15.64 | 1.34 % | ||
R1 | 15.55 | 0.80 % | ||
Current price: | 15.43 | |||
Support | S1 | 15.29 | -0.93 % | |
S2 | 15.20 | -1.47 % | ||
S3 | 15.07 | -2.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 15.43 | |||
Support | S1 | 15.00 | -2.79% | |
S2 | 14.79 | -4.15% | ||
S3 | 14.45 | -6.35% |
CPZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.140 | 0.92% |
2 | Feb 01, 2024 | Feb 09, 2024 | Feb 20, 2024 | $0.140 | 0.94% |
3 | Dec 18, 2023 | Dec 28, 2023 | Jan 11, 2024 | $0.140 | 0.93% |
4 | Dec 01, 2023 | Dec 11, 2023 | Dec 18, 2023 | $0.140 | 0.95% |
5 | Nov 01, 2023 | Nov 13, 2023 | Nov 20, 2023 | $0.140 | 0.96% |
FAQ
Click here for our free guide on how to buy Calamos Long/Short Equity & Dynamic Income Term Trust Stock.