RSI low/high Values: [ 25 - 75 ]
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AI Analysis of CHI
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Red day on Wednesday for Calamos Convertible Opportunities and
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 12, 2024 Gain 8.89% PDF

The Calamos Convertible Opportunities and stock price fell by -0.437% on the last day (Wednesday, 27th Mar 2024) from $11.44 to $11.39. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.88% from a day low at $11.33 to a day high of $11.43. The price has been going up and down for this period, and there has been a 1.15% gain for the last 2 weeks. Volume has increased on the last day by 27 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, 199 thousand shares were bought and sold for approximately $2.27 million.

The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.69% during the next 3 months and, with a 90% probability hold a price between $12.71 and $13.08 at the end of this 3-month period.

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CHI Signals & Forecast

The Calamos Convertible Opportunities and 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 $11.45. On a fall, the stock will find some support from the long-term average at approximately $11.17. 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. 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. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -1.30%. Further fall is indicated until a new bottom pivot has been found. 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 Calamos Convertible Opportunities and stock

Calamos Convertible Opportunities and finds support from accumulated volume at $11.05 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 $0.1000 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.08%.

Our recommended stop-loss: $11.03 (-3.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Calamos Convertible Opportunities and Income Fund to open at $11.38, and during the day (based on 14 day Average True Range), to move between $11.27 and $11.51, which gives a possible trading interval of +/-$0.124 (+/-1.08%) up or down from last closing price. If Calamos Convertible Opportunities and Income Fund takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.49 (0.88%) than the support at $11.05 (2.99%), 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 Calamos Convertible Opportunities and Income Fund stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Calamos Convertible Opportunities and stock to perform well in the short-term.

Current score: 1.833 Buy Candidate Unchanged

Predicted Opening Price for Calamos Convertible Opportunities and Income Fund of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$11.38 ( 0.0585%) $11.39

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

Trading levels for CHI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.48 0.82 %
R2 11.45 0.484 %
R1 11.42 0.277 %
Current price: 11.39
Support S1 11.35 -0.394 %
S2 11.32 -0.601 %
S3 11.28 -0.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.54 1.32 %
R2 11.51 1.05 %
R1 11.49 0.88 %
Current price 11.39
Support S1 11.05 -2.99%
S2 10.56 -7.29%
S3 10.28 -9.75%

CHI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 13, 2024 Mar 13, 2024 Mar 21, 2024 $0.0950 0.82%
2 Feb 01, 2024 Feb 09, 2024 Feb 20, 2024 $0.0950 0.86%
3 Dec 18, 2023 Dec 28, 2023 Jan 11, 2024 $0.0950 0.91%
4 Dec 01, 2023 Dec 11, 2023 Dec 18, 2023 $0.0950 0.92%
5 Nov 01, 2023 Nov 13, 2023 Nov 20, 2023 $0.0950 0.92%

FAQ

What is the symbol for Calamos Convertible Opportunities and Income Fund Stock and on which exchange is it traded?
The symbol for Calamos Convertible Opportunities and Income Fund is CHI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Calamos Convertible Opportunities and Income Fund Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Calamos Convertible Opportunities and stock to perform well in the short-term.

How to buy Calamos Convertible Opportunities and Income Fund Stock?
Calamos Convertible Opportunities and Income Fund Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Calamos Convertible Opportunities and Income Fund Stock.

What's the current price of Calamos Convertible Opportunities and Income Fund Stock?
As of the end of day on the 2024-03-27, the price of an Calamos Convertible Opportunities and Income Fund (CHI) share was $11.39.

What is the 52-week high and low for Calamos Convertible Opportunities and Income Fund Stock?
The 52-week high for Calamos Convertible Opportunities and Income Fund Stock is $11.61 and the 52-week low is $9.70.

What is the market capitalization of Calamos Convertible Opportunities and Income Fund Stock?
As of the 2024-03-27, the market capitalization of Calamos Convertible Opportunities and Income Fund is 846.155M.
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About Calamos Convertible Opportunities and Income Fund

Calamos Convertible Opportunities and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody's or BB or lower by Standard & Poor's. The fund employs both fundamental and quant... CHI Profile

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