Clearbridge Energy MLP Total Return Fund Fund 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
Clearbridge Energy MLP Total Return Fund fund price down 0% on Monday
(Updated on Feb 10, 2020)
No changes to the price of Clearbridge Energy MLP Total Return Fund fund on the last trading day (Monday, 10th Feb 2020). During the last trading day the fund fluctuated 0% from a day low at £3.45 to a day high of £3.45. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Clearbridge Energy MLP Total Return Fund fund with a 90% probability to be traded between £3.42 and £3.52 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CTR.L Signals & Forecast
The Clearbridge Energy MLP Total Return Fund fund 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 £3.45 and £3.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, November 18, 2019, and so far it has risen 0.583%. Further rise is indicated until a new top pivot has been found. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The fund had a Golden Star Signal on Monday, January 06, 2020 in the short-term chart.
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 fund in question.
Support, Risk & Stop-loss for Clearbridge Energy MLP Total Return Fund fund
Clearbridge Energy MLP Total Return Fund finds support from accumulated volume at £3.44 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved £0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: £3.26 (-5.57%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (CTR.L) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Clearbridge Energy MLP Total Return Fund to open at £3.45, and during the day (based on 14 day Average True Range), to move between £3.45 and £3.45, which gives a possible trading interval of +/-£0.0043 (+/-0.13%) up or down from last closing price. If Clearbridge Energy MLP Total Return Fund takes out the full calculated possible swing range there will be an estimated 0.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3.44 (0.29%) than the resistance at £3.52 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Clearbridge Energy MLP Total Return Fund fund A Buy?
Clearbridge Energy MLP Total Return Fund 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: 0.839 Hold/Accumulate Unchanged
Predicted Opening Price for Clearbridge Energy MLP Total Return Fund of Tuesday, February 11, 2020
| Fair opening price February 11, 2020 | Current price |
|---|---|
| £3.45 ( 0.00000000%) | £3.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.45 | 0.00000000 % | |
| R2 | 3.45 | 0.00000000 % | ||
| R1 | 3.45 | 0.00000000 % | ||
| Current price: | 3.45 | |||
| Support | S1 | 3.45 | 0.00000000 % | |
| S2 | 3.45 | 0.00000000 % | ||
| S3 | 3.45 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3.53 | 2.32 % | ||
| R1 | 3.52 | 2.03 % | ||
| Current price | 3.45 | |||
| Support | S1 | 3.44 | -0.290% | |
| S2 | 3.43 | -0.580% | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Clearbridge Energy MLP Total Return Fund Fund.
