Columbia Seligman Premium Technology Stock Forecast
Evaluation of Columbia Seligman Premium Technology stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
The Columbia Seligman Premium Technology stock price fell by -0.99% on the last day (Thursday, 20th Jun 2024) from $33.44 to $33.11. During the last trading day the stock fluctuated 2.23% from a day low at $32.88 to a day high of $33.61. The price has been going up and down for this period, and there has been a 1.57% gain for the last 2 weeks. Volume has increased on the last day by 7 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, 36 thousand shares were bought and sold for approximately $1.18 million.
The stock lies in the middle of a 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 5.10% during the next 3 months and, with a 90% probability hold a price between $32.23 and $35.45 at the end of this 3-month period.
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STK Signals & Forecast
The Columbia Seligman Premium Technology stock 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 stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $33.31. On a fall, the stock will find some support from the long-term average at approximately $32.11. 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 Monday, June 17, 2024, and so far it has fallen -1.69%. Further fall is indicated until a new bottom pivot has been found. Columbia Seligman Premium Technology gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Columbia Seligman Premium Technology stock
Columbia Seligman Premium Technology finds support from accumulated volume at $31.81 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.734 between high and low, or 2.23%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Columbia Seligman Premium Technology Growth Fund Inc to open at $33.20, and during the day (based on 14 day Average True Range), to move between $32.66 and $33.56, which gives a possible trading interval of +/-$0.452 (+/-1.36%) up or down from last closing price. If Columbia Seligman Premium Technology Growth Fund Inc takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.32 (0.63%) than the support at $31.81 (3.93%), 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.
Earnings coming up
Columbia Seligman Premium Technology Growth Fund Inc will release earnings BMO on Tuesday, June 25, 2024. We will update the financials statements for Columbia Seligman Premium Technology Growth Fund Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.06% in the first trading day after earnings release.
Is Columbia Seligman Premium Technology Growth Fund Inc stock A Buy?
Columbia Seligman Premium Technology holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.405 Sell Candidate Downgraded
Predicted Opening Price for Columbia Seligman Premium Technology Growth Fund Inc of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$33.20 ( 0.267%) | $33.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 33.93 | 2.49% |
R2 | 33.65 | 1.64% |
R1 | 33.48 | 1.11% |
Price | 33.11 | |
S1 | 32.92 | -0.580% |
S2 | 32.74 | -1.10% |
S3 | 32.46 | -1.95% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 33.44 | 1.00% |
R2 | 33.42 | 0.94% |
R1 | 33.32 | 0.634% |
Price | 33.11 | |
S1 | 31.81 | -3.93% |
S2 | 31.72 | -4.20% |
S3 | 30.45 | -8.03% |
STK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 10, 2024 | May 10, 2024 | May 21, 2024 | $0.463 | 1.44% |
2 | Feb 09, 2024 | Feb 16, 2024 | Feb 27, 2024 | $0.463 | 1.41% |
3 | Dec 08, 2023 | Dec 15, 2023 | Jan 23, 2024 | $0.267 | 0.82% |
4 | Nov 03, 2023 | Nov 10, 2023 | Nov 21, 2023 | $0.463 | 1.53% |
5 | Aug 04, 2023 | Aug 11, 2023 | Aug 22, 2023 | $0.463 | 1.58% |
FAQ
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