Pioneer Municipal High Income Advantage Stock Forecast
Red day on Thursday for Pioneer Municipal High Income Advantage stock after losing 0.247%
(Updated on May 09, 2024)
The Pioneer Municipal High Income Advantage stock price fell by -0.247% on the last day (Thursday, 9th May 2024) from $8.10 to $8.08. During the last trading day the stock fluctuated 0.496% from a day low at $8.07 to a day high of $8.11. The price has risen in 6 of the last 10 days and is up by 3.39% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -31 thousand shares and in total, 20 thousand shares were bought and sold for approximately $162.37 thousand.
The stock lies the upper part of a narrow and falling 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 $8.09 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.31% during the next 3 months and, with a 90% probability hold a price between $7.50 and $7.82 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MAV Signals & Forecast
The Pioneer Municipal High Income Advantage 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 $7.99 and $7.96. A breakdown below any of these levels will issue sell signals. 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, May 08, 2024, and so far it has fallen -0.247%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Pioneer Municipal High Income Advantage stock
Pioneer Municipal High Income Advantage finds support from accumulated volume at $8.06 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0400 between high and low, or 0.496%. For the last week the stock has had daily average volatility of 0.735%
Our recommended stop-loss: $7.79 (-3.53%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MAV) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Pioneer Municipal High Income Advantage Trust to open at $8.09, and during the day (based on 14 day Average True Range), to move between $8.01 and $8.14, which gives a possible trading interval of +/-$0.0621 (+/-0.77%) up or down from last closing price. If Pioneer Municipal High Income Advantage Trust takes out the full calculated possible swing range there will be an estimated 1.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.06 (0.19%) than the resistance at $8.10 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pioneer Municipal High Income Advantage Trust stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.103 Buy Candidate Unchanged
Predicted Opening Price for Pioneer Municipal High Income Advantage Trust of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $8.09 ( 0.124%) | $8.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.13 | 0.619 % | |
| R2 | 8.11 | 0.430 % | ||
| R1 | 8.10 | 0.313 % | ||
| Current price: | 8.08 | |||
| Support | S1 | 8.07 | -0.0654 % | |
| S2 | 8.06 | -0.182 % | ||
| S3 | 8.05 | -0.372 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.15 | 0.93 % | |
| R2 | 8.13 | 0.681 % | ||
| R1 | 8.10 | 0.310 % | ||
| Current price | 8.08 | |||
| Support | S1 | 8.06 | -0.186% | |
| S2 | 8.02 | -0.681% | ||
| S3 | 7.81 | -3.28% |
MAV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 31, 2024 | $0.0325 | 0.403% |
| 2 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0325 | 0.416% |
| 3 | Mar 04, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0310 | 0.385% |
| 4 | Feb 06, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0275 | 0.338% |
| 5 | Jan 05, 2024 | Jan 18, 2024 | Jan 31, 2024 | $0.0275 | 0.346% |
FAQ
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