Calamos Dynamic Convertible & Income Stock Forecast
Red day on Thursday for Calamos Dynamic Convertible & Income
(Updated on Mar 28, 2024)
The Calamos Dynamic Convertible & Income stock price fell by -0.774% on the last day (Thursday, 28th Mar 2024) from $21.97 to $21.80. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.23% from a day low at $21.63 to a day high of $21.90. The price has been going up and down for this period, and there has been a -0.46% loss for the last 2 weeks. Volume has increased on the last day by 75 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, 197 thousand shares were bought and sold for approximately $4.31 million.
Given the current short-term trend, the stock is expected to rise 15.57% during the next 3 months and, with a 90% probability hold a price between $25.19 and $27.08 at the end of this 3-month period.
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CCD Signals & Forecast
A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -4.22%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Calamos Dynamic Convertible & Income 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 $22.20. On a fall, the stock will find some support from the long-term average at approximately $21.69. 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.
Support, Risk & Stop-loss for Calamos Dynamic Convertible & Income stock
Calamos Dynamic Convertible & Income finds support from accumulated volume at $21.49 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 $0.265 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: $20.97 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (CCD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Calamos Dynamic Convertible & Income Fund to open at $21.78, and during the day (based on 14 day Average True Range), to move between $21.48 and $22.12, which gives a possible trading interval of +/-$0.323 (+/-1.48%) up or down from last closing price. If Calamos Dynamic Convertible & Income Fund takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.49 (1.42%) than the resistance at $22.39 (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Calamos Dynamic Convertible & Income Fund stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.278 Buy Candidate Unchanged
Predicted Opening Price for Calamos Dynamic Convertible & Income Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$21.78 ( 0.115%) | $21.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.04 | 1.10 % | |
R2 | 21.94 | 0.637 % | ||
R1 | 21.88 | 0.350 % | ||
Current price: | 21.80 | |||
Support | S1 | 21.67 | -0.579 % | |
S2 | 21.61 | -0.87 % | ||
S3 | 21.51 | -1.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.76 | 4.40 % | |
R2 | 22.42 | 2.84 % | ||
R1 | 22.39 | 2.71 % | ||
Current price | 21.80 | |||
Support | S1 | 21.49 | -1.42% | |
S2 | 19.91 | -8.67% | ||
S3 | 19.68 | -9.72% |
CCD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.195 | 0.87% |
2 | Feb 01, 2024 | Feb 09, 2024 | Feb 20, 2024 | $0.195 | 0.92% |
3 | Dec 18, 2023 | Dec 28, 2023 | Jan 11, 2024 | $0.195 | 0.99% |
4 | Dec 01, 2023 | Dec 11, 2023 | Dec 18, 2023 | $0.195 | 0.98% |
5 | Nov 01, 2023 | Nov 13, 2023 | Nov 20, 2023 | $0.195 | 1.03% |
FAQ
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