The Herzfeld Caribbean Basin Fund Stock Forecast
Evaluation of The Herzfeld Caribbean Basin Fund stock downgraded after the last trading session.
(Updated on May 10, 2024)
The The Herzfeld Caribbean Basin Fund stock price fell by -0.360% on the last day (Friday, 10th May 2024) from $2.50 to $2.49. During the last trading day the stock fluctuated 1.53% from a day low at $2.48 to a day high of $2.52. The price has fallen in 5 of the last 10 days but is still up by 2.51% over the past 2 weeks. Volume has increased on the last day by 4 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, 20 thousand shares were bought and sold for approximately $50.56 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.07% during the next 3 months and, with a 90% probability hold a price between $2.04 and $2.44 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CUBA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.55%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Herzfeld Caribbean Basin Fund stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.49. On a fall, the stock will find some support from the short-term average at $2.47. 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. The Herzfeld Caribbean Basin Fund gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for The Herzfeld Caribbean Basin Fund stock
The Herzfeld Caribbean Basin Fund finds support from accumulated volume at $2.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the 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 $0.0379 between high and low, or 1.53%. For the last week the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CUBA) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect The Herzfeld Caribbean Basin Fund to open at $2.50, and during the day (based on 14 day Average True Range), to move between $2.45 and $2.53, which gives a possible trading interval of +/-$0.0427 (+/-1.71%) up or down from last closing price. If The Herzfeld Caribbean Basin Fund takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.44 (2.07%) than the resistance at $2.61 (4.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Herzfeld Caribbean Basin Fund stock A Buy?
The Herzfeld Caribbean Basin Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.001 Sell Candidate Downgraded
Predicted Opening Price for The Herzfeld Caribbean Basin Fund of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$2.50 ( 0.215%) | $2.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUBA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.53 | 1.74 % | |
R2 | 2.52 | 1.16 % | ||
R1 | 2.51 | 0.797 % | ||
Current price: | 2.49 | |||
Support | S1 | 2.48 | -0.366 % | |
S2 | 2.47 | -0.725 % | ||
S3 | 2.46 | -1.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.84 | 14.01 % | |
R2 | 2.80 | 12.40 % | ||
R1 | 2.61 | 4.78 % | ||
Current price | 2.49 | |||
Support | S1 | 2.44 | -2.07% | |
S2 | 2.41 | -3.45% | ||
S3 | 2.40 | -3.85% |
CUBA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 12, 2024 | Mar 26, 2024 | May 10, 2024 | $0.135 | 5.44% |
2 | Dec 19, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.135 | 5.01% |
3 | May 12, 2023 | May 19, 2023 | Jun 30, 2023 | $0.174 | 4.41% |
4 | Feb 03, 2023 | Feb 14, 2023 | Mar 31, 2023 | $0.174 | 4.65% |
5 | Dec 30, 2022 | Dec 30, 2022 | Dec 30, 2022 | $0.174 | 4.73% |
FAQ
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