Thornburg Income Builder Opportunities Stock Forecast

Thornburg Income Builder Opportunities stock price down 0% on Thursday
(Updated on May 16, 2024)

TBLD Signals & Forecast

The Thornburg Income Builder Opportunities stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.87 and $15.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Wednesday, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, July 11, 2023 in the long-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 Thornburg Income Builder Opportunities stock

Thornburg Income Builder Opportunities finds support from accumulated volume at $15.45 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 $0.111 between high and low, or 0.695%. For the last week the stock has had daily average volatility of 0.86%.

The Thornburg Income Builder Opportunities stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $15.50 (-3.46%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (TBLD) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Thornburg Income Builder Opportunities Trust to open at $16.05, and during the day (based on 14 day Average True Range), to move between $15.88 and $16.24, which gives a possible trading interval of +/-$0.181 (+/-1.13%) up or down from last closing price. If Thornburg Income Builder Opportunities Trust takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.07 (0.06%) than the support at $15.45 (3.80%), 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 Thornburg Income Builder Opportunities Trust stock A Buy?

Thornburg Income Builder Opportunities holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.503 Hold/Accumulate Unchanged

Predicted Opening Price for Thornburg Income Builder Opportunities Trust of Friday, May 17, 2024

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