TCW Strategic Income Fund Inc Stock Forecast
Weaker technical forecast for TCW Strategic Income Fund Inc as stock downgraded to Sell Candidate.
(Updated on May 02, 2024)
The TCW Strategic Income Fund Inc stock price gained 0.438% on the last trading day (Thursday, 2nd May 2024), rising from $4.57 to $4.59. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.539% from a day low at $4.58 to a day high of $4.60. The price has been going up and down for this period, and there has been a -0.65% loss for the last 2 weeks. Volume fell on the last day by -97 thousand shares and in total, 102 thousand shares were bought and sold for approximately $467.79 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.63% during the next 3 months and, with a 90% probability hold a price between $4.41 and $4.63 at the end of this 3-month period.
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TSI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 1.10%. Further rise is indicated until a new top pivot has been found. 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 TCW Strategic Income Fund Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.66. On a fall, the stock will find some support from the short-term average at $4.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 TCW Strategic Income Fund Inc stock
TCW Strategic Income Fund Inc finds support from accumulated volume at $4.57 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 $0.0247 between high and low, or 0.539%. For the last week the stock has had daily average volatility of 0.89%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect TCW Strategic Income Fund Inc to open at $4.59, and during the day (based on 14 day Average True Range), to move between $4.54 and $4.64, which gives a possible trading interval of +/-$0.0470 (+/-1.02%) up or down from last closing price. If TCW Strategic Income Fund Inc takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.57 (0.44%) than the resistance at $4.67 (1.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TCW Strategic Income Fund Inc stock A Buy?
TCW Strategic Income Fund Inc 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: -1.130 Sell Candidate Downgraded
Predicted Opening Price for TCW Strategic Income Fund Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $4.59 ( 0.0341%) | $4.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.62 | 0.572 % | |
| R2 | 4.61 | 0.367 % | ||
| R1 | 4.60 | 0.240 % | ||
| Current price: | 4.59 | |||
| Support | S1 | 4.58 | -0.171 % | |
| S2 | 4.58 | -0.298 % | ||
| S3 | 4.57 | -0.504 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.81 | 4.79 % | |
| R2 | 4.69 | 2.18 % | ||
| R1 | 4.67 | 1.74 % | ||
| Current price | 4.59 | |||
| Support | S1 | 4.57 | -0.436% | |
| S2 | 4.56 | -0.654% | ||
| S3 | 4.54 | -1.09% |
TSI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0600 | 1.29% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.115 | 2.44% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.0600 | 1.31% |
| 4 | Jun 16, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.0600 | 1.28% |
| 5 | Mar 17, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.0600 | 1.27% |
FAQ
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