The Cushing MLP Total Return Fund Stock Forecast

The Cushing MLP Total Return Fund stock price ended at $39.28 on Thursday, after gaining 1.32%.
(Updated on Apr 18, 2024)

SRV Signals & Forecast

There are few to no technical positive signals at the moment. The The Cushing MLP Total Return 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 $40.79 and $40.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -12.77%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Wednesday, January 24, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for The Cushing MLP Total Return Fund stock

The Cushing MLP Total Return Fund finds support from accumulated volume at $38.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.85 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 4.69%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SRV) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect The Cushing MLP Total Return Fund to open at $39.10, and during the day (based on 14 day Average True Range), to move between $38.29 and $40.27, which gives a possible trading interval of +/-$0.99 (+/-2.53%) up or down from last closing price. If The Cushing MLP Total Return Fund takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $38.36 (2.34%) than the resistance at $40.24 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is The Cushing MLP Total Return Fund stock A Buy?

The The Cushing MLP Total Return Fund stock holds several negative signals and despite the positive trend, we believe The Cushing MLP Total Return Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.907 Sell Candidate Unchanged

Predicted Opening Price for The Cushing MLP Total Return Fund of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.