Stone Harbor Emerging Markets Income Stock Forecast
Stronger technical forecast for Stone Harbor Emerging Markets Income stock price after Wednesday trading.
(Updated on May 01, 2024)
The Stone Harbor Emerging Markets Income stock price gained 2.29% on the last trading day (Wednesday, 1st May 2024), rising from $5.25 to $5.37. During the last trading day the stock fluctuated 3.22% from a day low at $5.28 to a day high of $5.45. The price has risen in 6 of the last 10 days and is up by 6.97% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 115 thousand shares were bought and sold for approximately $617.64 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 wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.49% during the next 3 months and, with a 90% probability hold a price between $6.00 and $7.24 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EDF Signals & Forecast
The Stone Harbor Emerging Markets Income stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $5.38. On a fall, the stock will find some support from the long-term average at approximately $5.28. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -5.29%. Further fall is indicated until a new bottom pivot has been found. 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 Stone Harbor Emerging Markets Income stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.81 and $4.72. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Stone Harbor Emerging Markets Income finds support just below today's level at $4.81. If this is broken, then the next support from accumulated volume will be at $4.72 and $4.60.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.170 between high and low, or 3.22%. For the last week the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: $5.17 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (EDF) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Stone Harbor Emerging Markets Income Fund to open at $5.37, and during the day (based on 14 day Average True Range), to move between $5.21 and $5.53, which gives a possible trading interval of +/-$0.164 (+/-3.06%) up or down from last closing price. If Stone Harbor Emerging Markets Income Fund takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.41 (0.74%) than the support at $4.81 (10.43%), 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 Stone Harbor Emerging Markets Income Fund stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Stone Harbor Emerging Markets Income stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 4.706 Buy Candidate Upgraded
Predicted Opening Price for Stone Harbor Emerging Markets Income Fund of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$5.37 ( 0.0621%) | $5.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.54 | 3.10 % | |
R2 | 5.47 | 1.89 % | ||
R1 | 5.43 | 1.15 % | ||
Current price: | 5.37 | |||
Support | S1 | 5.30 | -1.27 % | |
S2 | 5.26 | -2.02 % | ||
S3 | 5.20 | -3.23 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.67 | 5.59 % | |
R2 | 5.45 | 1.49 % | ||
R1 | 5.41 | 0.745 % | ||
Current price | 5.37 | |||
Support | S1 | 4.81 | -10.43% | |
S2 | 4.72 | -12.10% | ||
S3 | 4.60 | -14.34% |
EDF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jun 27, 2024 | $0.0600 | 1.12% |
2 | May 10, 2024 | May 10, 2024 | May 30, 2024 | $0.0600 | 1.12% |
3 | Apr 10, 2024 | Apr 10, 2024 | Apr 29, 2024 | $0.0600 | 1.09% |
4 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.0600 | 1.11% |
5 | Nov 16, 2023 | Feb 09, 2024 | Feb 28, 2024 | $0.0600 | 1.28% |
FAQ
Click here for our free guide on how to buy Stone Harbor Emerging Markets Income Fund Stock.