Qwest Corporation 6.5% Notes due 2056 ETF Forecast

$9.75
-0.360 (-3.56%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Evaluation of Qwest Corporation 6.5% Notes due 2056 ETF downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Qwest Corporation 6.5% Notes due 2056 ETF price fell by -3.56% on the last day (Thursday, 28th Mar 2024) from $10.11 to $9.75. During the last trading day the ETF fluctuated 7.68% from a day low at $9.51 to a day high of $10.24. The price has fallen in 6 of the last 10 days and is down by -3.37% for this period. Volume has increased on the last day by 234 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, 287 thousand shares were bought and sold for approximately $2.80 million.

The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.79% during the next 3 months and, with a 90% probability hold a price between $9.96 and $11.56 at the end of this 3-month period.

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CTBB Signals & Forecast

There are few to no technical positive signals at the moment. The Qwest Corporation 6.5% Notes due 2056 ETF 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 $10.05 and $10.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -7.41%. 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 ETF should be followed more closely.

Support, Risk & Stop-loss for Qwest Corporation 6.5% Notes due 2056 ETF

Qwest Corporation 6.5% Notes due 2056 finds support from accumulated volume at $9.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.730 between high and low, or 7.68%. For the last week the ETF has had daily average volatility of 2.79%.

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

Trading Expectations (CTBB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Qwest Corporation 6.5% Notes due 2056 to open at $9.83, and during the day (based on 14 day Average True Range), to move between $9.49 and $10.01, which gives a possible trading interval of +/-$0.257 (+/-2.64%) up or down from last closing price. If Qwest Corporation 6.5% Notes due 2056 takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.74 (0.10%) than the resistance at $9.77 (0.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Qwest Corporation 6.5% Notes due 2056 ETF A Buy?

The Qwest Corporation 6.5% Notes due 2056 ETF holds several negative signals and despite the positive trend, we believe Qwest Corporation 6.5% Notes due 2056 will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.991 Sell Candidate Downgraded

Predicted Opening Price for Qwest Corporation 6.5% Notes due 2056 of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$9.83 ( 0.85%) $9.75

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

Trading levels for CTBB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.56 8.34 %
R2 10.28 5.48 %
R1 10.11 3.71 %
Current price: 9.75
Support S1 9.55 -2.01 %
S2 9.38 -3.77 %
S3 9.10 -6.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.14 4.00 %
R2 10.00 2.56 %
R1 9.77 0.205 %
Current price 9.75
Support S1 9.74 -0.103%
S2 9.50 -2.56%
S3 9.40 -3.59%

CTBB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2024 Feb 28, 2024 Mar 01, 2024 $0.406 3.88%
2 Nov 29, 2023 Nov 29, 2023 Nov 29, 2023 $0.406 4.03%
3 Aug 30, 2023 Aug 30, 2023 Sep 01, 2023 $0.406 3.24%
4 May 30, 2023 May 30, 2023 Jun 01, 2023 $0.406 2.86%
5 May 26, 2023 Feb 27, 2023 Mar 01, 2023 $0.406 2.30%

FAQ

What is the symbol for Qwest Corporation 6.5% Notes due 2056 ETF and on which exchange is it traded?
The symbol for Qwest Corporation 6.5% Notes due 2056 is CTBB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Qwest Corporation 6.5% Notes due 2056 ETF?
The Qwest Corporation 6.5% Notes due 2056 ETF holds several negative signals and despite the positive trend, we believe Qwest Corporation 6.5% Notes due 2056 will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Qwest Corporation 6.5% Notes due 2056 ETF?
Qwest Corporation 6.5% Notes due 2056 ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Qwest Corporation 6.5% Notes due 2056 ETF.

What's the current price of Qwest Corporation 6.5% Notes due 2056 ETF?
As of the end of day on the 2024-03-28, the price of an Qwest Corporation 6.5% Notes due 2056 (CTBB) share was $9.75.

What is the 52-week high and low for Qwest Corporation 6.5% Notes due 2056 ETF?
The 52-week high for Qwest Corporation 6.5% Notes due 2056 ETF is $15.13 and the 52-week low is $7.33.

What is the market capitalization of Qwest Corporation 6.5% Notes due 2056 ETF?
As of the 2024-03-28, the market capitalization of Qwest Corporation 6.5% Notes due 2056 is 1.515B.
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