Scudder Strategic Municiple Income Trust Stock Forecast
Green day on Wednesday for Scudder Strategic Municiple Income Trust stock after gaining 0.106%
(Updated on Apr 17, 2024)
The Scudder Strategic Municiple Income Trust stock price gained 0.106% on the last trading day (Wednesday, 17th Apr 2024), rising from $9.47 to $9.48. During the last trading day the stock fluctuated 0.637% from a day low at $9.46 to a day high of $9.52. The price has fallen in 5 of the last 10 days and is down by -0.73% for this period. Volume fell on the last day by -713 shares and in total, 27 thousand shares were bought and sold for approximately $258.46 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 weak 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 9.42% during the next 3 months and, with a 90% probability hold a price between $9.98 and $10.72 at the end of this 3-month period.
KSM Signals & Forecast
The Scudder Strategic Municiple Income Trust 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 $9.49. On a fall, the stock will find some support from the long-term average at approximately $9.13. 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 Monday, April 01, 2024, and so far it has fallen -1.56%. 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 Scudder Strategic Municiple Income Trust stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.97 and $8.86. 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, Scudder Strategic Municiple Income Trust finds support just below today's level at $8.97. If this is broken, then the next support from accumulated volume will be at $8.86 and $8.80.
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 $0.0603 between high and low, or 0.637%. For the last week the stock has had daily average volatility of 0.704%.
Our recommended stop-loss: $9.17 (-3.25%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (KSM) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Scudder Strategic Municiple Income Trust to open at $9.49, and during the day (based on 14 day Average True Range), to move between $9.39 and $9.57, which gives a possible trading interval of +/-$0.0913 (+/-0.96%) up or down from last closing price. If Scudder Strategic Municiple Income Trust takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.55 (0.74%) than the support at $8.97 (5.38%), 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 Scudder Strategic Municiple Income Trust 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 Scudder Strategic Municiple Income Trust stock to perform well in the short-term.
Current score: 1.299 Buy Candidate Unchanged
Predicted Opening Price for Scudder Strategic Municiple Income Trust of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$9.49 ( 0.0714%) | $9.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KSM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.55 | 0.707 % | |
R2 | 9.52 | 0.464 % | ||
R1 | 9.51 | 0.314 % | ||
Current price: | 9.48 | |||
Support | S1 | 9.46 | -0.172 % | |
S2 | 9.45 | -0.322 % | ||
S3 | 9.43 | -0.565 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.63 | 1.58 % | |
R2 | 9.62 | 1.48 % | ||
R1 | 9.55 | 0.738 % | ||
Current price | 9.48 | |||
Support | S1 | 8.97 | -5.38% | |
S2 | 8.86 | -6.54% | ||
S3 | 8.80 | -7.17% |
KSM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0273 | 0.288% |
2 | Mar 19, 2024 | Mar 19, 2024 | Mar 28, 2024 | $0.0300 | 0.336% |
3 | Feb 08, 2024 | Feb 16, 2024 | Feb 29, 2024 | $0.0290 | 0.330% |
4 | Jan 08, 2024 | Jan 18, 2024 | Jan 31, 2024 | $0.0260 | 0.292% |
5 | Dec 15, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.0260 | 0.301% |
FAQ
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