Scudder Municiple Income Trust Stock Forecast

Red day on Friday for Scudder Municiple Income Trust
(Updated on Apr 19, 2024)

KTF Signals & Forecast

The Scudder 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 $9.35. On a fall, the stock will find some support from the long-term average at approximately $9.19. 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. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 -3.12%. 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).

Support, Risk & Stop-loss for Scudder Municiple Income Trust stock

Scudder Municiple Income Trust finds support from accumulated volume at $9.02 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 $0.0500 (0.536%) between high and low. For the last week, the stock has had daily average volatility of 0.686%.

Scudder Municiple Income Trust is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $8.85 (-4.99%) (This stock has low daily movements and this gives low risk. Low RSI14 is 19 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (KTF) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Scudder Municiple Income Trust to open at $9.34, and during the day (based on 14 day Average True Range), to move between $9.23 and $9.41, which gives a possible trading interval of +/-$0.0896 (+/-0.96%) up or down from last closing price. If Scudder Municiple Income Trust takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.38 (0.64%) than the support at $9.02 (3.22%), 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 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 Municiple Income Trust stock to perform well in the short-term.

Current score: 1.462 Buy Candidate Unchanged

Predicted Opening Price for Scudder Municiple Income Trust of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.