Dreyfus Strategic Municipal Bond Fund Stock Forecast
Stronger technical forecast for Dreyfus Strategic Municipal Bond Fund stock price after Friday trading.
(Updated on May 17, 2024)
The Dreyfus Strategic Municipal Bond Fund stock price fell by -2.84% on the last day (Friday, 17th May 2024) from £31.70 to £30.80. During the last trading day the stock fluctuated 2.11% from a day low at £30.80 to a day high of £31.45. The price has fallen in 4 of the last 10 days and is down by -3.45% for this period. Volume has increased on the last day by 40 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, 40 thousand shares were bought and sold for approximately £1.24 million.
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 -49.76% during the next 3 months and, with a 90% probability hold a price between £8.77 and £21.55 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 2.67%. 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 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 £32.13 and £38.74. A break-up above any of these levels will issue buy signals. 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 for Dreyfus Strategic Municipal Bond Fund stock
Dreyfus Strategic Municipal Bond Fund finds support from accumulated volume at £30.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.649 (2.11%) between high and low. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: £29.27 (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (DSM.L) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Dreyfus Strategic Municipal Bond Fund to open at £31.02, and during the day (based on 14 day Average True Range), to move between £28.87 and £32.73, which gives a possible trading interval of +/-£1.93 (+/-6.27%) 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 12.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £31.00 (0.65%) than the support at £30.00 (2.60%), 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.
Is Dreyfus Strategic Municipal Bond Fund stock A Buy?
Dreyfus Strategic Municipal Bond Fund holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Dreyfus Strategic Municipal Bond Fund of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
£31.02 ( 0.702%) | £30.80 |
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 | 31.67 | 2.81 % | |
R2 | 31.42 | 2.00 % | ||
R1 | 31.26 | 1.51 % | ||
Current price: | 30.80 | |||
Support | S1 | 30.77 | -0.103 % | |
S2 | 30.62 | -0.600 % | ||
S3 | 30.37 | -1.40 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.50 | 5.52 % | |
R2 | 32.00 | 3.90 % | ||
R1 | 31.00 | 0.649 % | ||
Current price | 30.80 | |||
Support | S1 | 30.00 | -2.60% | |
S2 | 0 | . | ||
S3 | 0 | . |
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
Click here for our free guide on how to buy Dreyfus Strategic Municipal Bond Fund Stock.