Special Opportunities Fund Inc Stock Forecast
Special Opportunities Fund Inc stock price ended at $12.39 on Thursday, after gaining 0.324%.
(Updated on May 02, 2024)
The Special Opportunities Fund Inc stock price gained 0.324% on the last trading day (Thursday, 2nd May 2024), rising from $12.35 to $12.39. During the last trading day the stock fluctuated 1.87% from a day low at $12.31 to a day high of $12.54. The price has risen in 5 of the last 10 days and is up by 1.23% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 27 thousand shares were bought and sold for approximately $334.82 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 narrow 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 2.50% during the next 3 months and, with a 90% probability hold a price between $12.53 and $13.07 at the end of this 3-month period.
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SPE Signals & Forecast
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. The Special Opportunities Fund Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.39 and $12.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -0.562%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Special Opportunities Fund Inc stock
Special Opportunities Fund Inc finds support from accumulated volume at $12.35 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 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 stock During the last day, the stock moved $0.230 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 1.66%
Our recommended stop-loss: $11.93 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SPE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Special Opportunities Fund Inc to open at $12.41, and during the day (based on 14 day Average True Range), to move between $12.19 and $12.59, which gives a possible trading interval of +/-$0.203 (+/-1.64%) up or down from last closing price. If Special Opportunities Fund Inc takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.35 (0.32%) than the resistance at $12.45 (0.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Special Opportunities Fund Inc stock A Buy?
Special Opportunities Fund Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.161 Hold/Accumulate Unchanged
Predicted Opening Price for Special Opportunities Fund Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $12.41 ( 0.189%) | $12.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.64 | 2.04 % | |
| R2 | 12.56 | 1.34 % | ||
| R1 | 12.50 | 0.90 % | ||
| Current price: | 12.39 | |||
| Support | S1 | 12.33 | -0.520 % | |
| S2 | 12.27 | -0.96 % | ||
| S3 | 12.18 | -1.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.64 | 2.02 % | |
| R2 | 12.55 | 1.29 % | ||
| R1 | 12.45 | 0.484 % | ||
| Current price | 12.39 | |||
| Support | S1 | 12.35 | -0.323% | |
| S2 | 12.31 | -0.646% | ||
| S3 | 12.16 | -1.86% |
SPE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jun 28, 2024 | $0.0954 | 0.774% |
| 2 | May 20, 2024 | May 20, 2024 | May 31, 2024 | $0.0954 | 0.774% |
| 3 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0954 | 0.772% |
| 4 | Jan 03, 2024 | Mar 19, 2024 | Mar 29, 2024 | $0.0954 | 0.755% |
| 5 | Feb 16, 2024 | Feb 16, 2024 | Feb 29, 2024 | $0.0954 | 0.778% |
FAQ
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