The Zweig Total Return Fund, Inc Stock Forecast
The Zweig Total Return Fund, Inc stock price ended at $5.35 on Friday, after losing 0.558%.
(Updated on May 03, 2024)
The The Zweig Total Return Fund, Inc stock price fell by -0.558% on the last day (Friday, 3rd May 2024) from $5.38 to $5.35. During the last trading day the stock fluctuated 3.02% from a day low at $5.30 to a day high of $5.46. The price has risen in 4 of the last 10 days and is up by 0.56% over the past 2 weeks. Volume has increased on the last day by 105 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, 356 thousand shares were bought and sold for approximately $1.91 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.29 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.55% during the next 3 months and, with a 90% probability hold a price between $5.48 and $5.85 at the end of this 3-month period.
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ZTR Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.90%. 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 The Zweig Total Return 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 $5.38 and $5.42. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for The Zweig Total Return Fund, Inc stock
The Zweig Total Return Fund, Inc finds support from accumulated volume at $5.32 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 $0.160 between high and low, or 3.02%. For the last week the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $5.10 (-4.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (ZTR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect The Zweig Total Return Fund, Inc to open at $5.37, and during the day (based on 14 day Average True Range), to move between $5.27 and $5.43, which gives a possible trading interval of +/-$0.0838 (+/-1.57%) up or down from last closing price. If The Zweig Total Return Fund, Inc takes out the full calculated possible swing range there will be an estimated 3.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.32 (0.56%) than the resistance at $5.38 (0.56%), 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 Zweig Total Return Fund, Inc stock A Buy?
The Zweig Total Return 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: 0.423 Hold/Accumulate Unchanged
Predicted Opening Price for The Zweig Total Return Fund, Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.37 ( 0.374%) | $5.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZTR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.53 | 3.36 % | |
| R2 | 5.47 | 2.22 % | ||
| R1 | 5.43 | 1.52 % | ||
| Current price: | 5.35 | |||
| Support | S1 | 5.31 | -0.769 % | |
| S2 | 5.27 | -1.47 % | ||
| S3 | 5.21 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.50 | 2.80 % | |
| R2 | 5.39 | 0.748 % | ||
| R1 | 5.38 | 0.561 % | ||
| Current price | 5.35 | |||
| Support | S1 | 5.32 | -0.561% | |
| S2 | 5.25 | -1.87% | ||
| S3 | 5.23 | -2.24% |
ZTR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 27, 2024 | $0.0500 | 0.93% |
| 2 | May 10, 2024 | May 10, 2024 | May 30, 2024 | $0.0500 | 0.93% |
| 3 | Apr 10, 2024 | Apr 10, 2024 | Apr 29, 2024 | $0.0500 | 0.93% |
| 4 | Mar 01, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.0500 | 0.90% |
| 5 | Nov 21, 2023 | Feb 09, 2024 | Feb 28, 2024 | $0.0500 | 0.96% |
FAQ
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