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AI Analysis of DMB
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Evaluation of Dreyfus Municipal Bond Infrastructure stock downgraded after the last trading session.
(Updated on Apr 12, 2024)

Sell candidate since Apr 12, 2024 PDF

The Dreyfus Municipal Bond Infrastructure stock price fell by -0.197% on the last day (Friday, 12th Apr 2024) from $10.15 to $10.13. During the last trading day the stock fluctuated 0.495% from a day low at $10.11 to a day high of $10.16. The price has fallen in 6 of the last 10 days and is down by -2.5% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -111 thousand shares and in total, 38 thousand shares were bought and sold for approximately $386.68 thousand.

The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $10.11 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Dreyfus Municipal Bond Infrastructure stock with a 90% probability to be traded between $10.16 and $10.50 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.

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DMB Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.198%. 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 Dreyfus Municipal Bond Infrastructure 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 $10.17 and $10.28. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, April 10, 2024 and based on theory for this formation the price should go up by 3.66% to $10.50 within 56 trading days since signal was issued (Monday, April 15, 2024).

Support, Risk & Stop-loss for Dreyfus Municipal Bond Infrastructure stock

Dreyfus Municipal Bond Infrastructure finds support from accumulated volume at $10.11 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 $0.0500 between high and low, or 0.495%. For the last week the stock has had daily average volatility of 0.613%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DMB) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Dreyfus Municipal Bond Infrastructure Fund Inc to open at $10.13, and during the day (based on 14 day Average True Range), to move between $10.06 and $10.20, which gives a possible trading interval of +/-$0.0685 (+/-0.68%) up or down from last closing price. If Dreyfus Municipal Bond Infrastructure Fund Inc takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.11 (0.20%) than the resistance at $10.26 (1.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dreyfus Municipal Bond Infrastructure Fund Inc stock A Buy?

Dreyfus Municipal Bond Infrastructure holds several negative signals and is within a narrow and falling trend, so we believe 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 Buy to a Sell candidate.

Current score: -1.411 Sell Candidate Downgraded

Predicted Opening Price for Dreyfus Municipal Bond Infrastructure Fund Inc of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$10.13 ( 0.0329%) $10.13

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

Trading levels for DMB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.18 0.526 %
R2 10.16 0.338 %
R1 10.15 0.221 %
Current price: 10.13
Support S1 10.11 -0.156 %
S2 10.10 -0.272 %
S3 10.08 -0.461 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.36 2.27 %
R2 10.34 2.07 %
R1 10.26 1.28 %
Current price 10.13
Support S1 10.11 -0.197%
S2 10.10 -0.296%
S3 10.08 -0.494%

DMB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 02, 2024 Apr 16, 2024 May 01, 2024 $0.0300 0.296%
2 Mar 04, 2024 Mar 18, 2024 Apr 01, 2024 $0.0300 0.292%
3 Feb 02, 2024 Feb 16, 2024 Mar 01, 2024 $0.0300 0.290%
4 Jan 18, 2024 Jan 18, 2024 Feb 01, 2024 $0.0300 0.290%
5 Dec 04, 2023 Dec 18, 2023 Jan 02, 2024 $0.0300 0.291%

FAQ

What is the symbol for Dreyfus Municipal Bond Infrastructure Fund Inc Stock and on which exchange is it traded?
The symbol for Dreyfus Municipal Bond Infrastructure Fund Inc is DMB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Dreyfus Municipal Bond Infrastructure Fund Inc Stock?
Dreyfus Municipal Bond Infrastructure holds several negative signals and is within a narrow and falling trend, so we believe 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 Buy to a Sell candidate.

How to buy Dreyfus Municipal Bond Infrastructure Fund Inc Stock?
Dreyfus Municipal Bond Infrastructure Fund Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dreyfus Municipal Bond Infrastructure Fund Inc Stock.

What's the current price of Dreyfus Municipal Bond Infrastructure Fund Inc Stock?
As of the end of day on the 2024-04-12, the price of an Dreyfus Municipal Bond Infrastructure Fund Inc (DMB) share was $10.13.

What is the 52-week high and low for Dreyfus Municipal Bond Infrastructure Fund Inc Stock?
The 52-week high for Dreyfus Municipal Bond Infrastructure Fund Inc Stock is $11.73 and the 52-week low is $8.94.

What is the market capitalization of Dreyfus Municipal Bond Infrastructure Fund Inc Stock?
As of the 2024-04-12, the market capitalization of Dreyfus Municipal Bond Infrastructure Fund Inc is 186.453M.
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About Dreyfus Municipal Bond Infrastructure Fund Inc

BNY Mellon Municipal Bond Infrastructure Fund, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies ... DMB Profile

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