Flaherty & Crumrine Dynamic Preferred Stock Forecast

Red day on Friday for Flaherty & Crumrine Dynamic Preferred stock after losing 0.389%
(Updated on Apr 19, 2024)

DFP Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.448%. 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. The Flaherty & Crumrine Dynamic Preferred stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.08 and $18.72. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Flaherty & Crumrine Dynamic Preferred 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".

Support, Risk & Stop-loss for Flaherty & Crumrine Dynamic Preferred stock

Flaherty & Crumrine Dynamic Preferred finds support from accumulated volume at $17.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.165 (0.92%) between high and low. For the last week, the stock has had daily average volatility of 1.25%.

Flaherty & Crumrine Dynamic Preferred is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $16.94 (-5.58%) (This stock has low daily movements and this gives low risk. Low RSI14 is 14 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (DFP) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Flaherty & Crumrine Dynamic Preferred and Income Fund Inc to open at $17.99, and during the day (based on 14 day Average True Range), to move between $17.76 and $18.12, which gives a possible trading interval of +/-$0.184 (+/-1.03%) up or down from last closing price. If Flaherty & Crumrine Dynamic Preferred and Income Fund Inc takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.86 (0.45%) than the resistance at $18.50 (3.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Flaherty & Crumrine Dynamic Preferred and Income Fund Inc stock A Buy?

Flaherty & Crumrine Dynamic Preferred holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.999 Hold/Accumulate Unchanged

Predicted Opening Price for Flaherty & Crumrine Dynamic Preferred and Income Fund Inc of Monday, April 22, 2024

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