Credit Suisse High Yield Bond Fund Stock Forecast

Credit Suisse High Yield Bond Fund stock price down 0% on Thursday
(Updated on May 02, 2024)

DHY Signals & Forecast

There are mixed signals in the stock today. The Credit Suisse High Yield Bond Fund 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 $2.01 and $2.02. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.03%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".

Support, Risk & Stop-loss for Credit Suisse High Yield Bond Fund stock

Credit Suisse High Yield Bond Fund finds support from accumulated volume at $2.00 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 $0.0200 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.21%.

Our recommended stop-loss: $1.90 (-5.66%) (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 (DHY) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Credit Suisse High Yield Bond Fund to open at $2.00, and during the day (based on 14 day Average True Range), to move between $1.98 and $2.04, which gives a possible trading interval of +/-$0.0275 (+/-1.37%) up or down from last closing price. If Credit Suisse High Yield Bond Fund takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.00 (0.50%) than the resistance at $2.02 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Credit Suisse High Yield Bond Fund stock A Buy?

Credit Suisse High Yield Bond 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: -0.282 Hold/Accumulate Unchanged

Predicted Opening Price for Credit Suisse High Yield Bond Fund of Friday, May 3, 2024

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