Calamos Strategic Total Return Fund 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
Calamos Strategic Total Return Fund stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The Calamos Strategic Total Return Fund stock price gained 0.83% on the last trading day (Tuesday, 2nd Jul 2024), rising from $16.82 to $16.96. During the last trading day the stock fluctuated 0.772% from a day low at $16.84 to a day high of $16.97. The price has risen in 6 of the last 10 days and is up by 0.77% over the past 2 weeks. Volume fell on the last day by -32 thousand shares and in total, 147 thousand shares were bought and sold for approximately $2.50 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 weak 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 7.68% during the next 3 months and, with a 90% probability hold a price between $17.55 and $18.88 at the end of this 3-month period.
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CSQ Signals & Forecast
The Calamos Strategic Total Return 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 $16.86 and $16.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.92%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Calamos Strategic Total Return Fund stock
Calamos Strategic Total Return Fund finds support from accumulated volume at $16.77 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 $0.130 between high and low, or 0.772%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: $16.42 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 69 days ago.)
Trading Expectations (CSQ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Calamos Strategic Total Return Fund to open at $16.92, and during the day (based on 14 day Average True Range), to move between $16.78 and $17.14, which gives a possible trading interval of +/-$0.179 (+/-1.05%) up or down from last closing price. If Calamos Strategic Total Return Fund takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.77, some $0.190 (1.12%) from the current price of $16.96, our system finds the risk reward attractive.
Is Calamos Strategic Total Return Fund stock A Buy?
Calamos Strategic Total Return Fund holds several positive signals and is within a weak 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: 5.645 Strong Buy Candidate Upgraded
Predicted Opening Price for Calamos Strategic Total Return Fund of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $16.92 ( 0.216%) | $16.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.05 | 0.550% |
| R2 | 17.00 | 0.258% |
| R1 | 16.97 | 0.0766% |
| Price | 16.96 | |
| S1 | 16.87 | -0.509% |
| S2 | 16.84 | -0.690% |
| S3 | 16.79 | -0.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 16.96 | |
| S1 | 16.77 | -1.12% |
| S2 | 16.44 | -3.07% |
| S3 | 15.56 | -8.25% |
CSQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 21, 2024 | $0.103 | 0.623% |
| 2 | Apr 01, 2024 | Apr 11, 2024 | Apr 19, 2024 | $0.103 | 0.670% |
| 3 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.103 | 0.627% |
| 4 | Feb 01, 2024 | Feb 09, 2024 | Feb 20, 2024 | $0.103 | 0.657% |
| 5 | Dec 18, 2023 | Dec 28, 2023 | Jan 11, 2024 | $0.103 | 0.678% |
FAQ
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