Babson Capital Corporate Investors Stock Forecast
Babson Capital Corporate Investors stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Babson Capital Corporate Investors stock price fell by -3.21% on the last day (Thursday, 28th Mar 2024) from $17.76 to $17.19. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 4.21% from a day low at $17.12 to a day high of $17.84. The price has fallen in 7 of the last 10 days and is down by -6.93% for this period. Volume has increased on the last day by 89 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, 137 thousand shares were bought and sold for approximately $2.36 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $17.46. A reaction back to this level may hold a second chance to get out before further falls.
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MCI Signals & Forecast
There are few to no technical positive signals at the moment. The Babson Capital Corporate Investors stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $17.99 and $18.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -9.29%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Babson Capital Corporate Investors stock
Babson Capital Corporate Investors finds support from accumulated volume at $17.06 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.720 between high and low, or 4.21%. For the last week the stock has had daily average volatility of 2.64%.
Babson Capital Corporate Investors is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MCI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Babson Capital Corporate Investors to open at $17.38, and during the day (based on 14 day Average True Range), to move between $16.82 and $17.56, which gives a possible trading interval of +/-$0.368 (+/-2.14%) up or down from last closing price. If Babson Capital Corporate Investors takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.06 (0.76%) than the resistance at $18.50 (7.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Babson Capital Corporate Investors stock A Buy?
The Babson Capital Corporate Investors stock holds several negative signals and despite the positive trend, we believe Babson Capital Corporate Investors will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.010 Sell Candidate Downgraded
Predicted Opening Price for Babson Capital Corporate Investors of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$17.38 ( 1.12%) | $17.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.10 | 5.31 % | |
R2 | 17.83 | 3.71 % | ||
R1 | 17.66 | 2.72 % | ||
Current price: | 17.19 | |||
Support | S1 | 17.11 | -0.475 % | |
S2 | 16.94 | -1.46 % | ||
S3 | 16.66 | -3.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.95 | 10.24 % | |
R2 | 18.52 | 7.74 % | ||
R1 | 18.50 | 7.62 % | ||
Current price | 17.19 | |||
Support | S1 | 17.06 | -0.756% | |
S2 | 0 | . | ||
S3 | 0 | . |
MCI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 14, 2023 | Dec 28, 2023 | Jan 19, 2024 | $0.380 | 2.05% |
2 | Oct 10, 2023 | Nov 03, 2023 | Nov 17, 2023 | $0.370 | 2.20% |
3 | Aug 17, 2023 | Aug 25, 2023 | Sep 08, 2023 | $0.350 | 2.25% |
4 | May 18, 2023 | May 30, 2023 | Jun 09, 2023 | $0.320 | 2.12% |
5 | Dec 15, 2022 | Dec 29, 2022 | Jan 11, 2019 | $0.280 | 1.82% |
FAQ
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