Dreyfus Strategic Municipal Bond Fund Stock Forecast
Green day on Friday for Dreyfus Strategic Municipal Bond Fund stock after gaining 0.313%
(Updated on May 03, 2024)
The Dreyfus Strategic Municipal Bond Fund stock price gained 0.313% on the last trading day (Friday, 3rd May 2024), rising from £31.90 to £32.00. During the last trading day the stock fluctuated 2.23% from a day low at £31.40 to a day high of £32.10. The price has risen in 6 of the last 10 days and is up by 1.59% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 10 thousand shares were bought and sold for approximately £312.26 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -40.66% during the next 3 months and, with a 90% probability hold a price between £14.77 and £30.47 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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DSM.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 6.67%. 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 Dreyfus Strategic Municipal Bond Fund 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 £46.14. On a fall, the stock will find some support from the short-term average at £31.99. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Dreyfus Strategic Municipal Bond Fund stock
Dreyfus Strategic Municipal Bond Fund finds support from accumulated volume at £31.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.700 between high and low, or 2.23%. For the last week the stock has had daily average volatility of 4.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSM.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Dreyfus Strategic Municipal Bond Fund to open at £31.83, and during the day (based on 14 day Average True Range), to move between £29.29 and £34.71, which gives a possible trading interval of +/-£2.71 (+/-8.47%) up or down from last closing price. If Dreyfus Strategic Municipal Bond Fund takes out the full calculated possible swing range there will be an estimated 16.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £32.40 (1.25%) than the support at £31.40 (1.88%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Dreyfus Strategic Municipal Bond Fund will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Dreyfus Strategic Municipal Bond Fund, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.04% in the first trading day after earnings release.
Is Dreyfus Strategic Municipal Bond Fund stock A Buy?
Dreyfus Strategic Municipal Bond Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -5.683 Strong Sell Candidate Unchanged
Predicted Opening Price for Dreyfus Strategic Municipal Bond Fund of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £31.83 ( 0.521%) | £32.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.53 | 1.67 % | |
| R2 | 32.27 | 0.83 % | ||
| R1 | 32.10 | 0.315 % | ||
| Current price: | 32.00 | |||
| Support | S1 | 31.57 | -1.36 % | |
| S2 | 31.40 | -1.87 % | ||
| S3 | 31.13 | -2.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.98 | 3.06 % | |
| R2 | 32.50 | 1.56 % | ||
| R1 | 32.40 | 1.25 % | ||
| Current price | 32.00 | |||
| Support | S1 | 31.40 | -1.88% | |
| S2 | 31.10 | -2.81% | ||
| S3 | 31.00 | -3.13% |
DSM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 26, 2024 | £0.300 | 0.96% |
| 2 | Apr 04, 2024 | Apr 04, 2024 | Apr 09, 2024 | £0.260 | 0.433% |
| 3 | May 09, 2022 | Jun 16, 2022 | Jul 15, 2022 | £0.300 | 0.485% |
| 4 | May 10, 2021 | Jun 10, 2021 | Jul 09, 2021 | £0.80 | 1.09% |
| 5 | May 04, 2020 | May 28, 2020 | Jul 03, 2020 | £1.60 | 3.20% |
FAQ
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