RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Babson Capital Corporate Investors stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

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.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, March 01, 2024 with a target of $18.09. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

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


# Declaration Date 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

What is the symbol for Babson Capital Corporate Investors Stock and on which exchange is it traded?
The symbol for Babson Capital Corporate Investors is MCI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Babson Capital Corporate Investors Stock?
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.

How to buy Babson Capital Corporate Investors Stock?
Babson Capital Corporate Investors Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Babson Capital Corporate Investors Stock.

What's the current price of Babson Capital Corporate Investors Stock?
As of the end of day on the 2024-03-28, the price of an Babson Capital Corporate Investors (MCI) share was $17.19.

What is the 52-week high and low for Babson Capital Corporate Investors Stock?
The 52-week high for Babson Capital Corporate Investors Stock is $19.24 and the 52-week low is $12.96.

What is the market capitalization of Babson Capital Corporate Investors Stock?
As of the 2024-03-28, the market capitalization of Babson Capital Corporate Investors is 348.299M.
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About Babson Capital Corporate Investors

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations. The fund also invests in marketable investment grade debt secur... MCI Profile

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