Scudder Strategic Municiple Income Trust Stock Forecast
Red day on Monday for Scudder Strategic Municiple Income Trust
(Updated on Apr 29, 2024)
The Scudder Strategic Municiple Income Trust stock price fell by -0.105% on the last day (Monday, 29th Apr 2024) from $9.53 to $9.52. During the last trading day the stock fluctuated 0.738% from a day low at $9.49 to a day high of $9.56. The price has been going up and down for this period, and there has been a 0.21% gain for the last 2 weeks. Volume has increased on the last day by 1 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, 20 thousand shares were bought and sold for approximately $193.88 thousand.
The stock lies in the middle of a 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 10.20% during the next 3 months and, with a 90% probability hold a price between $10.19 and $10.94 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.
KSM Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -1.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Scudder Strategic Municiple Income Trust 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". The Scudder Strategic Municiple Income Trust 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 $9.50 and $9.29. A breakdown below any of these levels will issue sell signals.
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.
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 $0.0700 between high and low, or 0.738%. For the last week the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: $9.23 (-3.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (KSM) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Scudder Strategic Municiple Income Trust to open at $9.52, and during the day (based on 14 day Average True Range), to move between $9.42 and $9.62, which gives a possible trading interval of +/-$0.0967 (+/-1.02%) 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 2.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.54 (0.21%) than the support at $8.97 (5.78%), 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: 3.176 Buy Candidate Unchanged
Predicted Opening Price for Scudder Strategic Municiple Income Trust of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $9.52 ( 0.0350%) | $9.52 |
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 | 9.59 | 0.770 % | |
| R2 | 9.57 | 0.489 % | ||
| R1 | 9.55 | 0.316 % | ||
| Current price: | 9.52 | |||
| Support | S1 | 9.50 | -0.246 % | |
| S2 | 9.48 | -0.419 % | ||
| S3 | 9.45 | -0.700 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.63 | 1.16 % | |
| R2 | 9.62 | 1.05 % | ||
| R1 | 9.54 | 0.210 % | ||
| Current price | 9.52 | |||
| Support | S1 | 8.97 | -5.78% | |
| S2 | 8.86 | -6.93% | ||
| S3 | 8.80 | -7.56% |
KSM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0273 | 0.287% |
| 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
Click here for our free guide on how to buy Scudder Strategic Municiple Income Trust Stock.
