NexPoint Strategic Opportunities Fund Stock Forecast
Stronger technical forecast for NexPoint Strategic Opportunities Fund stock price after Wednesday trading.
(Updated on Apr 17, 2024)
The NexPoint Strategic Opportunities Fund stock price gained 0.81% on the last trading day (Wednesday, 17th Apr 2024), rising from $6.14 to $6.19. During the last trading day the stock fluctuated 2.53% from a day low at $6.16 to a day high of $6.32. The price has risen in 6 of the last 10 days and is up by 3.17% over the past 2 weeks. Volume fell on the last day by -76 thousand shares and in total, 82 thousand shares were bought and sold for approximately $509.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.61% during the next 3 months and, with a 90% probability hold a price between $5.03 and $5.72 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NXDT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NexPoint Strategic Opportunities Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $6.30 and $6.23. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A buy signal from a double bottom formation was found on Wednesday, April 03, 2024 and based on theory for this formation the price should go up by 6.04% to $6.56 within 13 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for NexPoint Strategic Opportunities Fund stock
NexPoint Strategic Opportunities Fund finds support from accumulated volume at $6.14 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.156 between high and low, or 2.53%. For the last week the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NXDT) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect NexPoint Strategic Opportunities Fund to open at $6.22, and during the day (based on 14 day Average True Range), to move between $5.95 and $6.43, which gives a possible trading interval of +/-$0.238 (+/-3.84%) up or down from last closing price. If NexPoint Strategic Opportunities Fund takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.14 (0.81%) than the resistance at $6.57 (6.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NexPoint Strategic Opportunities Fund stock A Buy?
NexPoint Strategic Opportunities Fund holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.568 Sell Candidate Upgraded
Predicted Opening Price for NexPoint Strategic Opportunities Fund of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $6.22 ( 0.516%) | $6.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NXDT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.38 | 3.04 % | |
| R2 | 6.32 | 2.07 % | ||
| R1 | 6.28 | 1.48 % | ||
| Current price: | 6.19 | |||
| Support | S1 | 6.16 | -0.446 % | |
| S2 | 6.13 | -1.04 % | ||
| S3 | 6.07 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.97 | 12.60 % | |
| R2 | 6.90 | 11.47 % | ||
| R1 | 6.57 | 6.14 % | ||
| Current price | 6.19 | |||
| Support | S1 | 6.14 | -0.81% | |
| S2 | 6.11 | -1.29% | ||
| S3 | 6.01 | -2.91% |
NXDT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 15, 2024 | Mar 28, 2024 | $0.150 | 2.27% |
| 2 | Nov 07, 2023 | Nov 16, 2023 | Dec 29, 2023 | $0.150 | 1.89% |
| 3 | Jul 27, 2023 | Aug 14, 2023 | Sep 29, 2023 | $0.150 | 1.72% |
| 4 | Apr 26, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.150 | 1.20% |
| 5 | Feb 23, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.150 | 1.45% |
FAQ
Click here for our free guide on how to buy NexPoint Strategic Opportunities Fund Stock.
