Doubleline Opportunistic Credit Fund Stock Forecast
Doubleline Opportunistic Credit Fund stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Doubleline Opportunistic Credit Fund stock price gained 0.471% on the last trading day (Friday, 26th Apr 2024), rising from $14.87 to $14.94. During the last trading day the stock fluctuated 0.740% from a day low at $14.86 to a day high of $14.97. The price has risen in 5 of the last 10 days and is up by 1.22% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 39 thousand shares were bought and sold for approximately $587.35 thousand. 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 narrow 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 -2.82% during the next 3 months and, with a 90% probability hold a price between $14.17 and $14.85 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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DBL Signals & Forecast
There are mixed signals in the stock today. The Doubleline Opportunistic Credit 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 $15.09. On a fall, the stock will find some support from the short-term average at $14.84. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.05%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Monday, August 07, 2023 in the long-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 stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, August 07, 2023 in the long-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 stock in question.
Support, Risk & Stop-loss for Doubleline Opportunistic Credit Fund stock
Doubleline Opportunistic Credit Fund finds support from accumulated volume at $14.89 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 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 stock During the last day, the stock moved $0.110 between high and low, or 0.740%. For the last week the stock has had daily average volatility of 0.790%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DBL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Doubleline Opportunistic Credit Fund to open at $14.92, and during the day (based on 14 day Average True Range), to move between $14.81 and $15.07, which gives a possible trading interval of +/-$0.129 (+/-0.86%) up or down from last closing price. If Doubleline Opportunistic Credit Fund takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.89 (0.33%) than the resistance at $15.22 (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Doubleline Opportunistic Credit Fund stock A Buy?
Doubleline Opportunistic Credit 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: -2.367 Sell Candidate Downgraded
Predicted Opening Price for Doubleline Opportunistic Credit Fund of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$14.92 ( 0.111%) | $14.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.03 | 0.624 % | |
R2 | 14.99 | 0.343 % | ||
R1 | 14.97 | 0.170 % | ||
Current price: | 14.94 | |||
Support | S1 | 14.88 | -0.392 % | |
S2 | 14.86 | -0.566 % | ||
S3 | 14.81 | -0.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.42 | 3.21 % | |
R2 | 15.25 | 2.07 % | ||
R1 | 15.22 | 1.87 % | ||
Current price | 14.94 | |||
Support | S1 | 14.89 | -0.335% | |
S2 | 14.81 | -0.87% | ||
S3 | 14.65 | -1.94% |
DBL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 17, 2024 | Apr 17, 2024 | Apr 30, 2024 | $0.110 | 0.736% |
2 | Mar 13, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.110 | 0.713% |
3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.110 | 0.723% |
4 | Jan 02, 2024 | Jan 17, 2024 | Jan 31, 2024 | $0.110 | 0.713% |
5 | Jan 05, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.110 | 0.717% |
FAQ
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