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AI Analysis of CEE
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Central Europe Russia and Turkey Fund stock downgraded to Sell Candidate
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Central Europe Russia and Turkey Fund stock price gained 2.36% on the last trading day (Wednesday, 27th Mar 2024), rising from $9.34 to $9.56. During the last trading day the stock fluctuated 5.89% from a day low at $9.35 to a day high of $9.90. The price has fallen in 7 of the last 10 days and is down by -1.44% for this period. Volume fell on the last day by -2 thousand shares and in total, 13 thousand shares were bought and sold for approximately $122.85 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 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 $9.05 and $9.51 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CEE Signals & Forecast

There are mixed signals in the stock today. The Central Europe Russia and Turkey Fund 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 $9.66. On a fall, the stock will find some support from the short-term average at $9.46. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 2.69%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Central Europe Russia and Turkey Fund stock

Central Europe Russia and Turkey Fund finds support from accumulated volume at $9.49 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 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 $0.551 between high and low, or 5.89%. For the last week the stock has had daily average volatility of 3.75%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CEE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Central Europe Russia and Turkey Fund Inc (The) to open at $9.60, and during the day (based on 14 day Average True Range), to move between $9.34 and $9.78, which gives a possible trading interval of +/-$0.217 (+/-2.27%) up or down from last closing price. If Central Europe Russia and Turkey Fund Inc (The) takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.49 (0.73%) than the resistance at $9.75 (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Central Europe Russia and Turkey Fund Inc (The) stock A Buy?

Central Europe Russia and Turkey Fund 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: -1.847 Sell Candidate Downgraded

Predicted Opening Price for Central Europe Russia and Turkey Fund Inc (The) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$9.60 ( 0.451%) $9.56

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

Trading levels for CEE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.15 6.21 %
R2 9.94 4.01 %
R1 9.81 2.65 %
Current price: 9.56
Support S1 9.39 -1.75 %
S2 9.26 -3.11 %
S3 9.05 -5.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.85 3.03 %
R2 9.78 2.30 %
R1 9.75 1.99 %
Current price 9.56
Support S1 9.49 -0.732%
S2 9.34 -2.30%
S3 9.31 -2.62%

CEE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 28, 2023 Dec 28, 2023 Jan 26, 2024 $0.239 2.46%
2 Dec 20, 2022 Dec 29, 2022 Jan 30, 2019 $0.239 0.98%
3 Dec 22, 2021 Dec 29, 2021 Jan 28, 2022 $0.95 4.10%
4 Dec 21, 2020 Dec 29, 2020 Jan 28, 2021 $0.92 3.86%
5 Dec 23, 2019 Dec 27, 2019 Jan 30, 2020 $1.46 5.28%

FAQ

What is the symbol for Central Europe Russia and Turkey Fund Inc (The) Stock and on which exchange is it traded?
The symbol for Central Europe Russia and Turkey Fund Inc (The) is CEE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Central Europe Russia and Turkey Fund Inc (The) Stock?
Central Europe Russia and Turkey Fund 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.

How to buy Central Europe Russia and Turkey Fund Inc (The) Stock?
Central Europe Russia and Turkey Fund Inc (The) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Central Europe Russia and Turkey Fund Inc (The) Stock.

What's the current price of Central Europe Russia and Turkey Fund Inc (The) Stock?
As of the end of day on the 2024-03-27, the price of an Central Europe Russia and Turkey Fund Inc (The) (CEE) share was $9.56.

What is the 52-week high and low for Central Europe Russia and Turkey Fund Inc (The) Stock?
The 52-week high for Central Europe Russia and Turkey Fund Inc (The) Stock is $10.20 and the 52-week low is $7.80.

What is the market capitalization of Central Europe Russia and Turkey Fund Inc (The) Stock?
As of the 2024-03-27, the market capitalization of Central Europe Russia and Turkey Fund Inc (The) is 59.463M.
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About Central Europe Russia and Turkey Fund Inc (The)

The Central and Eastern Europe Fund, Inc. is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc. The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets across Central and Eastern Europe. The fund seeks to invest in stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the CECE, RTX, and ISE Nation... CEE Profile

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