MainStay CBRE Global Infrastructure Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
MainStay CBRE Global Infrastructure stock price ended at $13.46 on Friday, after gaining 0.298%.
(Updated on May 17, 2024)
The MainStay CBRE Global Infrastructure stock price gained 0.298% on the last trading day (Friday, 17th May 2024), rising from $13.42 to $13.46. It has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.35% from a day low at $13.34 to a day high of $13.52. The price has risen in 10 of the last 10 days and is up by 6.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 104 thousand shares were bought and sold for approximately $1.41 million.
Given the current horizontal trend, you can expect MainStay CBRE Global Infrastructure stock with a 90% probability to be traded between $11.61 and $13.68 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MEGI Signals & Forecast
Mostly positive signals in the chart today. The MainStay CBRE Global Infrastructure 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 $13.28 and $12.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 18.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). MainStay CBRE Global Infrastructure has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for MainStay CBRE Global Infrastructure stock
On the downside, the stock finds support just below today's level from accumulated volume at $12.65 and $12.45. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MainStay CBRE Global Infrastructure finds support just below today's level at $12.65. If this is broken, then the next support from accumulated volume will be at $12.45 and $12.30.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.180 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 1.15%.
The MainStay CBRE Global Infrastructure stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the MainStay CBRE Global Infrastructure has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $12.92 (-4.00%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 94 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (MEGI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MainStay CBRE Global Infrastructure Megatrends Term Fund to open at $13.44, and during the day (based on 14 day Average True Range), to move between $13.27 and $13.65, which gives a possible trading interval of +/-$0.187 (+/-1.39%) up or down from last closing price. If MainStay CBRE Global Infrastructure Megatrends Term Fund takes out the full calculated possible swing range there will be an estimated 2.78% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $12.65, some $0.81 (6.02%) from the current price of $13.46, our system finds the risk reward attractive.
Is MainStay CBRE Global Infrastructure Megatrends Term Fund stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MainStay CBRE Global Infrastructure stock to perform well in the short-term period.
Current score: 3.306 Buy Candidate Unchanged
Predicted Opening Price for MainStay CBRE Global Infrastructure Megatrends Term Fund of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $13.44 ( 0.149%) | $13.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MEGI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.62 | 1.19 % | |
| R2 | 13.55 | 0.678 % | ||
| R1 | 13.51 | 0.362 % | ||
| Current price: | 13.46 | |||
| Support | S1 | 13.37 | -0.659 % | |
| S2 | 13.33 | -0.98 % | ||
| S3 | 13.26 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 13.46 | |||
| Support | S1 | 12.65 | -6.02% | |
| S2 | 12.45 | -7.50% | ||
| S3 | 12.30 | -8.62% |
MEGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 23, 2024 | May 31, 2024 | $0.125 | 0.93% |
| 2 | Apr 19, 2024 | Apr 19, 2024 | Apr 30, 2024 | $0.125 | 1.04% |
| 3 | Mar 14, 2024 | Mar 22, 2024 | Mar 28, 2024 | $0.125 | 0.99% |
| 4 | Feb 14, 2024 | Feb 23, 2024 | Feb 29, 2024 | $0.125 | 1.02% |
| 5 | Jan 16, 2024 | Jan 25, 2024 | Jan 31, 2024 | $0.125 | 0.97% |
FAQ
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