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Green day on Wednesday for ClearBridge Energy MLP Total Return Fund
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 28, 2023 Gain 23.93% PDF

The ClearBridge Energy MLP Total Return Fund stock price gained 0.638% on the last trading day (Wednesday, 27th Mar 2024), rising from $40.75 to $41.01. During the last trading day the stock fluctuated 0.687% from a day low at $40.73 to a day high of $41.01. The price has risen in 7 of the last 10 days and is up by 2.5% 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, 1 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $355.27 thousand.

The stock lies in the upper part of a strong 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 $41.41 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.43% during the next 3 months and, with a 90% probability hold a price between $45.46 and $47.80 at the end of this 3-month period.

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CTR Signals & Forecast

The ClearBridge Energy MLP 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 $40.82 and $39.02. A breakdown below any of these levels will issue sell signals. ClearBridge Energy MLP Total Return Fund 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.0811%. 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).

Support, Risk & Stop-loss for ClearBridge Energy MLP Total Return Fund stock

On the downside, the stock finds support just below today's level from accumulated volume at $36.36 and $36.04. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ClearBridge Energy MLP Total Return Fund finds support just below today's level at $36.36. If this is broken, then the next support from accumulated volume will be at $36.04 and $35.12.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.280 (0.687%) between high and low. For the last week, the stock has had daily average volatility of 0.666%.

Our recommended stop-loss: $39.47 (-3.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (CTR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect ClearBridge Energy MLP Total Return Fund Inc to open at $40.92, and during the day (based on 14 day Average True Range), to move between $40.57 and $41.45, which gives a possible trading interval of +/-$0.441 (+/-1.08%) up or down from last closing price. If ClearBridge Energy MLP Total Return Fund Inc takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $41.04 (0.08%) than the support at $36.36 (11.34%), 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 ClearBridge Energy MLP Total Return Fund Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ClearBridge Energy MLP Total Return Fund stock to perform well in the short-term.

Current score: 3.902 Buy Candidate Unchanged

Predicted Opening Price for ClearBridge Energy MLP Total Return Fund Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$40.92 ( 0.228%) $41.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CTR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 41.20 0.455 %
R2 41.09 0.194 %
R1 41.02 0.0332 %
Current price: 41.01
Support S1 40.81 -0.488 %
S2 40.74 -0.650 %
S3 40.64 -0.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 41.04 0.0812 %
Current price 41.01
Support S1 36.36 -11.34%
S2 36.04 -12.12%
S3 35.12 -14.36%

CTR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Feb 21, 2024 Feb 29, 2024 $0.700 1.82%
2 Nov 09, 2023 Nov 21, 2023 Nov 30, 2023 $0.700 2.04%
3 Jul 31, 2023 Aug 23, 2023 Aug 31, 2023 $0.700 2.14%
4 May 11, 2023 May 22, 2023 May 31, 2023 $0.560 2.03%
5 Jan 23, 2023 Feb 17, 2023 Feb 28, 2023 $0.550 1.84%

FAQ

What is the symbol for ClearBridge Energy MLP Total Return Fund Inc Stock and on which exchange is it traded?
The symbol for ClearBridge Energy MLP Total Return Fund Inc is CTR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell ClearBridge Energy MLP Total Return Fund Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ClearBridge Energy MLP Total Return Fund stock to perform well in the short-term.

How to buy ClearBridge Energy MLP Total Return Fund Inc Stock?
ClearBridge Energy MLP Total Return Fund Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ClearBridge Energy MLP Total Return Fund Inc Stock.

What's the current price of ClearBridge Energy MLP Total Return Fund Inc Stock?
As of the end of day on the 2024-03-27, the price of an ClearBridge Energy MLP Total Return Fund Inc (CTR) share was $41.01.

What is the 52-week high and low for ClearBridge Energy MLP Total Return Fund Inc Stock?
The 52-week high for ClearBridge Energy MLP Total Return Fund Inc Stock is $41.15 and the 52-week low is $27.47.

What is the market capitalization of ClearBridge Energy MLP Total Return Fund Inc Stock?
As of the 2024-03-27, the market capitalization of ClearBridge Energy MLP Total Return Fund Inc is 282.429M.

When is the next earnings date for ClearBridge Energy MLP Total Return Fund Inc?
The upcoming earnings date for ClearBridge Energy MLP Total Return Fund Inc is Jul 26, 2024.
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About ClearBridge Energy MLP Total Return Fund Inc

ClearBridge MLP and Midstream Total Return Fund Inc. is an open ended equity mutual fund of funds launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector. It primarily invests in equity securities of MLPs, stocks of entities holding primarily gen... CTR Profile

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