Merrill Lynch Capital Trust I Gtd Cap Trust 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
Merrill Lynch Capital Trust I Gtd Cap trust price down 0.0792% on Friday
(Updated on Jun 28, 2024)
The Merrill Lynch Capital Trust I Gtd Cap trust price fell by -0.0792% on the last day (Friday, 28th Jun 2024) from $25.25 to $25.23. During the last trading day the trust fluctuated 0.278% from a day low at $25.22 to a day high of $25.29. The price has fallen in 6 of the last 10 days and is down by -1.48% for this period. Volume has increased on the last day by 52 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, 61 thousand shares were bought and sold for approximately $1.54 million.
The trust is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.20 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Merrill Lynch Capital Trust I Gtd Cap trust with a 90% probability to be traded between $25.20 and $25.61 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MER-PK Signals & Forecast
There are mixed signals in the trust today. The Merrill Lynch Capital Trust I Gtd Cap trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at $25.37. On a fall, the trust will find some support from the short-term average at $25.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 trust should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.119%. Further rise is indicated until a new top pivot has been found.
A buy signal from a double bottom formation was found on Monday, June 24, 2024 and based on theory for this formation the price should go up by 0.690% to $25.41 within 48 trading days since signal was issued (Friday, August 30, 2024).
Support, Risk & Stop-loss for Merrill Lynch Capital Trust I Gtd Cap trust
Merrill Lynch Capital Trust I Gtd Cap finds support from accumulated volume at $25.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.0700 between high and low, or 0.278%. For the last week the trust has had daily average volatility of 0.210%.
Our recommended stop-loss: $23.88 (-5.36%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (MER-PK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Merrill Lynch Capital Trust I Gtd Cap 6.45% to open at $25.25, and during the day (based on 14 day Average True Range), to move between $25.14 and $25.32, which gives a possible trading interval of +/-$0.0888 (+/-0.35%) up or down from last closing price. If Merrill Lynch Capital Trust I Gtd Cap 6.45% takes out the full calculated possible swing range there will be an estimated 0.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.24 (0.04%) than the support at $25.22 (0.04%), 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 Merrill Lynch Capital Trust I Gtd Cap 6.45% trust A Buy?
Merrill Lynch Capital Trust I Gtd Cap holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.728 Hold/Accumulate Unchanged
Predicted Opening Price for Merrill Lynch Capital Trust I Gtd Cap 6.45% of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.25 ( 0.0661%) | $25.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MER-PK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.32 | 0.344% |
| R2 | 25.29 | 0.238% |
| R1 | 25.27 | 0.172% |
| Price | 25.23 | |
| S1 | 25.22 | -0.0399% |
| S2 | 25.20 | -0.105% |
| S3 | 25.18 | -0.211% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.42 | 0.753% |
| R2 | 25.40 | 0.674% |
| R1 | 25.24 | 0.0396% |
| Price | 25.23 | |
| S1 | 25.22 | -0.0396% |
| S2 | 25.21 | -0.0793% |
| S3 | 25.20 | -0.119% |
FAQ
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