DoubleLine Income Solutions Fund Stock Forecast
Stronger technical forecast for DoubleLine Income Solutions Fund stock price after Friday trading.
(Updated on May 03, 2024)
The DoubleLine Income Solutions Fund stock price gained 2.11% on the last trading day (Friday, 3rd May 2024), rising from $12.30 to $12.56. During the last trading day the stock fluctuated 1.45% from a day low at $12.40 to a day high of $12.58. The price has risen in 6 of the last 10 days and is up by 3.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 354 thousand more shares were traded than the day before. In total, 715 thousand shares were bought and sold for approximately $8.98 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $12.65 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.98% during the next 3 months and, with a 90% probability hold a price between $11.30 and $12.14 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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DSL Signals & Forecast
The DoubleLine Income Solutions Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $12.28 and $12.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 5.63%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for DoubleLine Income Solutions Fund stock
DoubleLine Income Solutions Fund finds support from accumulated volume at $12.52 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 $0.180 between high and low, or 1.45%. For the last week the stock has had daily average volatility of 0.91%.
Our recommended stop-loss: $11.95 (-4.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (DSL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect DoubleLine Income Solutions Fund to open at $12.51, and during the day (based on 14 day Average True Range), to move between $12.41 and $12.71, which gives a possible trading interval of +/-$0.154 (+/-1.23%) up or down from last closing price. If DoubleLine Income Solutions Fund takes out the full calculated possible swing range there will be an estimated 2.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.52 (0.32%) than the resistance at $12.64 (0.64%), 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 Income Solutions Fund stock A Buy?
DoubleLine Income Solutions 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for DoubleLine Income Solutions Fund of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $12.51 ( 0.372%) | $12.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.69 | 1.06 % | |
| R2 | 12.62 | 0.514 % | ||
| R1 | 12.58 | 0.176 % | ||
| Current price: | 12.56 | |||
| Support | S1 | 12.44 | -0.92 % | |
| S2 | 12.40 | -1.26 % | ||
| S3 | 12.33 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.81 | 1.99 % | |
| R2 | 12.70 | 1.11 % | ||
| R1 | 12.64 | 0.637 % | ||
| Current price | 12.56 | |||
| Support | S1 | 12.52 | -0.318% | |
| S2 | 12.50 | -0.478% | ||
| S3 | 12.19 | -2.95% |
DSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 17, 2024 | Apr 30, 2024 | $0.110 | 0.90% |
| 2 | Mar 01, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.110 | 0.87% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.110 | 0.87% |
| 4 | Jan 02, 2024 | Jan 17, 2024 | Jan 31, 2024 | $0.110 | 0.88% |
| 5 | Dec 01, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.110 | 0.90% |
FAQ
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