Babson Capital Corporate Investors Stock Forecast
Red day on Tuesday for Babson Capital Corporate Investors stock after losing 1.30%
(Updated on Jun 25, 2024)
The Babson Capital Corporate Investors stock price fell by -1.30% on the last day (Tuesday, 25th Jun 2024) from $18.47 to $18.23. During the last trading day the stock fluctuated 1.70% from a day low at $18.16 to a day high of $18.47. The price has risen in 7 of the last 10 days and is up by 5.07% over the past 2 weeks. Volume has increased on the last day by 2 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, 19 thousand shares were bought and sold for approximately $354.43 thousand.
The stock lies in the middle of a wide and weak 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 2.98% during the next 3 months and, with a 90% probability hold a price between $17.75 and $19.60 at the end of this 3-month period.
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MCI Signals & Forecast
The Babson Capital Corporate Investors 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 $18.29. On a fall, the stock will find some support from the long-term average at approximately $17.95. 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. 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 Monday, June 24, 2024, and so far it has fallen -1.30%. Further fall is indicated until a new bottom pivot has been found. Babson Capital Corporate Investors 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".
Support, Risk & Stop-loss for Babson Capital Corporate Investors stock
Babson Capital Corporate Investors finds support from accumulated volume at $17.88 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 $0.308 (1.70%) between high and low. For the last week, the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: $17.67 (-3.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (MCI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Babson Capital Corporate Investors to open at $18.29, and during the day (based on 14 day Average True Range), to move between $17.88 and $18.58, which gives a possible trading interval of +/-$0.348 (+/-1.91%) 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 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.37 (0.77%) than the support at $17.88 (1.92%), 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 Babson Capital Corporate Investors 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 Babson Capital Corporate Investors stock to perform well in the short-term.
Current score: 1.277 Buy Candidate Unchanged
Predicted Opening Price for Babson Capital Corporate Investors of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$18.29 ( 0.304%) | $18.23 |
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 | |
---|---|---|
R3 | 18.59 | 2.00% |
R2 | 18.48 | 1.35% |
R1 | 18.40 | 0.95% |
Price | 18.23 | |
S1 | 18.17 | -0.342% |
S2 | 18.09 | -0.741% |
S3 | 17.98 | -1.39% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 18.64 | 2.25% |
R2 | 18.47 | 1.32% |
R1 | 18.37 | 0.768% |
Price | 18.23 | |
S1 | 17.88 | -1.92% |
S2 | 17.66 | -3.13% |
S3 | 17.19 | -5.70% |
MCI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | Jun 14, 2024 | $0.390 | 2.11% |
2 | Dec 14, 2023 | Dec 28, 2023 | Jan 19, 2024 | $0.380 | 2.05% |
3 | Oct 10, 2023 | Nov 03, 2023 | Nov 17, 2023 | $0.370 | 2.20% |
4 | Aug 17, 2023 | Aug 25, 2023 | Sep 08, 2023 | $0.350 | 2.25% |
5 | May 18, 2023 | May 30, 2023 | Jun 09, 2023 | $0.320 | 2.12% |
FAQ
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