Flaherty & Crumrine Dynamic Preferred Stock Forecast
Red day on Thursday for Flaherty & Crumrine Dynamic Preferred stock after losing 0%
(Updated on May 02, 2024)
No changes to the price of Flaherty & Crumrine Dynamic Preferred stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 0.82% from a day low at $18.22 to a day high of $18.37. The price has risen in 5 of the last 10 days and is up by 1.5% over the past 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Flaherty & Crumrine Dynamic Preferred stock with a 90% probability to be traded between $17.47 and $18.69 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks 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.
DFP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.35%. 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 Flaherty & Crumrine Dynamic Preferred 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 $18.56. On a fall, the stock will find some support from the short-term average at $18.13. 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. 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".
Support, Risk & Stop-loss for Flaherty & Crumrine Dynamic Preferred stock
Flaherty & Crumrine Dynamic Preferred finds support from accumulated volume at $18.20 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 $0.150 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 0.82%
Our recommended stop-loss: $17.24 (-5.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (DFP) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Flaherty & Crumrine Dynamic Preferred and Income Fund Inc to open at $18.29, and during the day (based on 14 day Average True Range), to move between $18.10 and $18.46, which gives a possible trading interval of +/-$0.185 (+/-1.01%) 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 2.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.20 (0.44%) than the resistance at $18.50 (1.20%), 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 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: -0.826 Hold/Accumulate Unchanged
Predicted Opening Price for Flaherty & Crumrine Dynamic Preferred and Income Fund Inc of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$18.29 ( 0.0553%) | $18.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.44 | 0.87 % | |
R2 | 18.38 | 0.561 % | ||
R1 | 18.35 | 0.368 % | ||
Current price: | 18.28 | |||
Support | S1 | 18.23 | -0.258 % | |
S2 | 18.20 | -0.451 % | ||
S3 | 18.14 | -0.764 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.80 | 2.84 % | |
R2 | 18.78 | 2.74 % | ||
R1 | 18.50 | 1.20 % | ||
Current price | 18.28 | |||
Support | S1 | 18.20 | -0.438% | |
S2 | 18.00 | -1.53% | ||
S3 | 17.86 | -2.30% |
DFP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 24, 2024 | Jul 24, 2024 | Jul 31, 2024 | $0.111 | 0.606% |
2 | Jun 21, 2024 | Jun 21, 2024 | Jun 28, 2024 | $0.111 | 0.606% |
3 | May 22, 2024 | May 22, 2024 | May 31, 2024 | $0.111 | 0.606% |
4 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.108 | 0.596% |
5 | Mar 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.108 | 0.561% |
FAQ
Click here for our free guide on how to buy Flaherty & Crumrine Dynamic Preferred and Income Fund Inc Stock.