Qwest Corporation 6.5% Notes due 2056 ETF 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
Qwest Corporation 6.5% Notes due 2056 ETF price up 1.53% on Friday
(Updated on May 03, 2024)
The Qwest Corporation 6.5% Notes due 2056 ETF price gained 1.53% on the last trading day (Friday, 3rd May 2024), rising from $9.83 to $9.98. 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 ETF fluctuated 1.62% from a day low at $9.88 to a day high of $10.04. The price has been going up and down for this period, and there has been a 1.01% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately $737.77 thousand.
The ETF is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Qwest Corporation 6.5% Notes due 2056 ETF with a 90% probability to be traded between $9.11 and $10.62 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CTBB Signals & Forecast
There are mixed signals in the ETF today. The Qwest Corporation 6.5% Notes due 2056 ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $9.99. On a fall, the ETF will find some support from the short-term average at $9.81. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -5.22%. 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). Qwest Corporation 6.5% Notes due 2056 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.
Support, Risk & Stop-loss for Qwest Corporation 6.5% Notes due 2056 ETF
Qwest Corporation 6.5% Notes due 2056 finds support from accumulated volume at $9.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.160 between high and low, or 1.62%. For the last week the ETF has had daily average volatility of 1.69%.
Our recommended stop-loss: $9.39 (-5.90%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (CTBB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Qwest Corporation 6.5% Notes due 2056 to open at $9.97, and during the day (based on 14 day Average True Range), to move between $9.79 and $10.17, which gives a possible trading interval of +/-$0.188 (+/-1.88%) up or down from last closing price. If Qwest Corporation 6.5% Notes due 2056 takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.00 (0.20%) than the support at $9.90 (0.80%), 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 Qwest Corporation 6.5% Notes due 2056 ETF A Buy?
Qwest Corporation 6.5% Notes due 2056 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: -0.629 Hold/Accumulate Unchanged
Predicted Opening Price for Qwest Corporation 6.5% Notes due 2056 of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$9.97 ( 0.134%) | $9.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTBB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.13 | 1.47 % | |
R2 | 10.07 | 0.86 % | ||
R1 | 10.03 | 0.478 % | ||
Current price: | 9.98 | |||
Support | S1 | 9.91 | -0.746 % | |
S2 | 9.87 | -1.12 % | ||
S3 | 9.81 | -1.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.14 | 1.60 % | |
R2 | 10.07 | 0.90 % | ||
R1 | 10.00 | 0.200 % | ||
Current price | 9.98 | |||
Support | S1 | 9.90 | -0.80% | |
S2 | 9.75 | -2.30% | ||
S3 | 9.40 | -5.81% |
CTBB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | Jun 03, 2024 | $0.406 | 4.07% |
2 | Feb 28, 2024 | Feb 28, 2024 | Mar 01, 2024 | $0.406 | 3.88% |
3 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0.406 | 4.03% |
4 | Aug 30, 2023 | Aug 30, 2023 | Sep 01, 2023 | $0.406 | 3.24% |
5 | May 30, 2023 | May 30, 2023 | Jun 01, 2023 | $0.406 | 2.86% |
FAQ
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