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$5.74 (-0.35%)

Volume: 169.997k

Closed: Sep 26, 2022

Hollow Logo Score: -5.014

Dreyfus Strategic Municipal Bond Fund Stock Forecast

$5.74 (-0.35%)

Volume: 169.997k

Closed: Sep 26, 2022

Score Hollow Logo -5.014
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 2 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
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Evaluation of Dreyfus Strategic Municipal Bond Fund stock downgraded after the last trading session.
(Updated on Sep 26, 2022)


Sell candidate since 2022-09-23 Loss -0.35% PDF

The Dreyfus Strategic Municipal Bond Fund stock price fell by -0.35% on the last day (Monday, 26th Sep 2022) from $5.76 to $5.74. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.96% from a day low at $5.72 to a day high of $5.77. The price has fallen in 9 of the last 10 days and is down by -7.27% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 170 thousand shares were bought and sold for approximately $975.78 thousand.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.95% during the next 3 months and, with a 90% probability hold a price between $5.40 and $6.12 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Dreyfus Strategic Municipal 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 $5.87 and $6.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, August 10, 2022, and so far it has fallen -14.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Dreyfus Strategic Municipal Bond Fund 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0549 between high and low, or 0.96%. For the last week, the stock has had daily average volatility of 0.87%.

Dreyfus Strategic Municipal Bond Fund is oversold on RSI14 (2). 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: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Dreyfus Strategic Municipal Bond Fund Inc to open at $5.74, and during the day (based on 14 day Average True Range), to move between $5.66 and $5.82, which gives a possible trading interval of +/-$0.0838 (+/-1.46%) up or down from last closing price. If Dreyfus Strategic Municipal Bond Fund Inc takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.69 (12.02%) our system find the risk reward not very attractive.

Is Dreyfus Strategic Municipal Bond Fund Inc stock A Buy?

Dreyfus Strategic Municipal Bond Fund holds several negative signals and is within a wide 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 Sell to a Strong Sell candidate.

Current score: -5.014

Strong Sell Candidate Downgraded

Predicted Opening Price for Dreyfus Strategic Municipal Bond Fund Inc of Tuesday, September 27, 2022

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

Fair opening price September 27, 2022 Current price
$5.74 $5.74 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.80 0.98 %
5.78 0.62 %
5.76 0.39 %
Current price: 5.74
Support 5.72 -0.34 %
5.71 -0.56 %
5.69 -0.93 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 6.65 15.85 %
6.45 12.37 %
6.43 12.02 %
Current price 5.74
Support 0 .
0 .
0 .

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About Dreyfus Strategic Municipal Bond Fund Inc

BNY Mellon Strategic Municipal Bond 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 investment grade municipal bonds which are exempt from federal income tax. The fund seeks to maintain a weighted average maturity of greater than 10 years. It was formerly known as Dreyfus Strategic Municipal ... DSM Profile

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