Weaker technical forecast for Calamos Strategic Total Return Fund as fund downgraded to Sell Candidate.
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-19 Loss -2.53% PDF
The Calamos Strategic Total Return Fund fund price fell by -2.08% on the last day (Friday, 26th Nov 2021) from $19.27 to $18.87. During the day the fund fluctuated 2.30% from a day low at $18.68 to a day high of $19.11. The price has risen in 5 of the last 10 days, but is still down by -1.82% for this period. Volume has increased on the last day by 34 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 175 thousand shares were bought and sold for approximately $3.30 million.
The fund lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 4.94% during the next 3 months and, with a 90% probability hold a price between $18.96 and $20.72 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Calamos Strategic Total Return Fund fund holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $19.21 and $18.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -3.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the fund should be followed more closely.
Support, Risk & Stop-loss
Calamos Strategic Total Return Fund finds support from accumulated volume at $18.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.43 between high and low, or 2.30%. For the last week the fund has had a daily average volatility of 1.49%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Calamos Strategic Total Return Fund fund A Buy?
The Calamos Strategic Total Return Fund fund holds several negative signals and despite the positive trend, we believe Calamos Strategic Total Return Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.497
Predicted Opening Price for Calamos Strategic Total Return Fund of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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