Sce Trust Vi 5% Tr Pref Secs 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
Sce Trust Vi 5% Tr Pref Secs trust upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Sce Trust Vi 5% Tr Pref Secs trust price fell by -0.252% on the last day (Friday, 28th Jun 2024) from $19.83 to $19.78. It has now fallen 3 days in a row. During the last trading day the trust fluctuated 1.33% from a day low at $19.52 to a day high of $19.78. The price has fallen in 7 of the last 10 days and is down by -1.54% for this period. Volume fell on the last day along with the trust, which is actually a good sign as volume should follow the trust. On the last day, the trading volume fell by -22 thousand shares and in total, 7 thousand shares were bought and sold for approximately $135.83 thousand.
The trust lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $19.93 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the trust is expected to fall -4.63% during the next 3 months and, with a 90% probability hold a price between $17.79 and $19.01 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.
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SCE-PL Signals & Forecast
The Sce Trust Vi 5% Tr Pref Secs trust 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 trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately $19.79. On a fall, the trust will find some support from the long-term average at approximately $19.65. 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 Thursday, June 13, 2024, and so far it has fallen -1.54%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Sce Trust Vi 5% Tr Pref Secs trust
Sce Trust Vi 5% Tr Pref Secs finds support from accumulated volume at $19.71 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved $0.260 between high and low, or 1.33%. For the last week the trust has had daily average volatility of 1.25%
Our recommended stop-loss: $18.98 (-4.03%) (This trust has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (SCE-PL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sce Trust Vi 5% Tr Pref Secs to open at $19.69, and during the day (based on 14 day Average True Range), to move between $19.47 and $20.09, which gives a possible trading interval of +/-$0.314 (+/-1.59%) up or down from last closing price. If Sce Trust Vi 5% Tr Pref Secs takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.83 (0.25%) than the support at $19.71 (0.35%), 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 Sce Trust Vi 5% Tr Pref Secs trust A Buy?
Several short-term signals are positive, despite the trust being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for trust to perform well in the short-term. We have upgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.190 Buy Candidate Upgraded
Predicted Opening Price for Sce Trust Vi 5% Tr Pref Secs of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $19.69 ( 0.438%) | $19.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCE-PL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.95 | 0.88% |
| R2 | 19.85 | 0.374% |
| R1 | 19.79 | 0.0640% |
| Price | 19.78 | |
| S1 | 19.59 | -0.94% |
| S2 | 19.53 | -1.25% |
| S3 | 19.43 | -1.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.11 | 6.72% |
| R2 | 20.99 | 6.12% |
| R1 | 19.83 | 0.253% |
| Price | 19.78 | |
| S1 | 19.71 | -0.354% |
| S2 | 19.68 | -0.506% |
| S3 | 19.50 | -1.42% |
SCE-PL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 13, 2024 | $0.313 | 1.51% |
| 2 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | $0.313 | 1.58% |
| 3 | Sep 13, 2023 | Sep 13, 2023 | Sep 13, 2023 | $0.313 | 1.75% |
| 4 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | $0.313 | 1.57% |
| 5 | Mar 13, 2023 | Mar 13, 2023 | Mar 13, 2023 | $0.313 | 1.60% |
FAQ
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