Prudential Short Duration High Yield Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Prudential Short Duration High Yield stock price up 1.08% on Tuesday
(Updated on Jul 02, 2024)
The Prudential Short Duration High Yield stock price gained 1.08% on the last trading day (Tuesday, 2nd Jul 2024), rising from $12.94 to $13.08. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.32% from a day low at $12.91 to a day high of $13.08. The price has risen in 9 of the last 10 days and is up by 3.32% over the past 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 181 thousand shares were bought and sold for approximately $2.37 million. 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 upper part of a narrow and weak rising 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 $13.12 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.33% during the next 3 months and, with a 90% probability hold a price between $12.80 and $13.43 at the end of this 3-month period.
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ISD Signals & Forecast
Mostly positive signals in the chart today. The Prudential Short Duration High Yield stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.89 and $12.71. 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 6.78%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, June 07, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, June 07, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Prudential Short Duration High Yield stock
Prudential Short Duration High Yield finds support from accumulated volume at $12.83 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 $0.170 between high and low, or 1.32%. For the last week the stock has had daily average volatility of 0.91%.
Our recommended stop-loss: $12.68 (-3.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 77 days ago.)
Trading Expectations (ISD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Prudential Short Duration High Yield Fund Inc to open at $13.02, and during the day (based on 14 day Average True Range), to move between $12.98 and $13.18, which gives a possible trading interval of +/-$0.102 (+/-0.78%) up or down from last closing price. If Prudential Short Duration High Yield Fund Inc takes out the full calculated possible swing range there will be an estimated 1.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $12.83, some $0.250 (1.91%) from the current price of $13.08, our system finds the risk reward attractive.
Is Prudential Short Duration High Yield Fund Inc stock A Buy?
Prudential Short Duration High Yield holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.044 Strong Buy Candidate Unchanged
Predicted Opening Price for Prudential Short Duration High Yield Fund Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $13.02 ( 0.433%) | $13.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.19 | 0.87% |
| R2 | 13.13 | 0.370% |
| R1 | 13.09 | 0.0633% |
| Price | 13.08 | |
| S1 | 12.96 | -0.93% |
| S2 | 12.92 | -1.24% |
| S3 | 12.85 | -1.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 13.08 | |
| S1 | 12.83 | -1.91% |
| S2 | 12.62 | -3.52% |
| S3 | 12.25 | -6.35% |
ISD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | Aug 08, 2024 | Aug 30, 2024 | $0.105 | 0.80% |
| 2 | May 31, 2024 | Jul 11, 2024 | Jul 31, 2024 | $0.105 | 0.80% |
| 3 | May 31, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.105 | 0.82% |
| 4 | May 09, 2024 | May 09, 2024 | May 31, 2024 | $0.105 | 0.84% |
| 5 | Apr 11, 2024 | Apr 11, 2024 | Apr 30, 2024 | $0.105 | 0.84% |
FAQ
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