Qwest Corporation 6.5% Notes due 2056 ETF Forecast

$10.11
+0.110 (+1.10%)
At Close: Mar 27, 2024

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 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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Qwest Corporation 6.5% Notes due 2056 ETF upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Qwest Corporation 6.5% Notes due 2056 ETF price gained 1.10% on the last trading day (Wednesday, 27th Mar 2024), rising from $10.00 to $10.11. During the last trading day the ETF fluctuated 2.32% from a day low at $9.92 to a day high of $10.15. The price has fallen in 6 of the last 10 days and is down by -0.79% for this period. Volume fell on the last day by -27 thousand shares and in total, 53 thousand shares were bought and sold for approximately $533.29 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 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 7.72% during the next 3 months and, with a 90% probability hold a price between $9.94 and $11.53 at the end of this 3-month period.

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CTBB Signals & Forecast

The Qwest Corporation 6.5% Notes due 2056 ETF 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 ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $10.12. On a fall, the ETF will find some support from the long-term average at approximately $10.10. 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. 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 Thursday, March 07, 2024, and so far it has fallen -3.99%. 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 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.

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 $10.00 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 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 ETF During the last day, the ETF moved $0.230 between high and low, or 2.32%. For the last week the ETF has had daily average volatility of 1.48%

Our recommended stop-loss: $9.67 (-4.34%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Qwest Corporation 6.5% Notes due 2056 to open at $10.06, and during the day (based on 14 day Average True Range), to move between $9.89 and $10.33, which gives a possible trading interval of +/-$0.220 (+/-2.18%) 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 4.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.14 (0.30%) than the support at $10.00 (1.09%), 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 Qwest Corporation 6.5% Notes due 2056 ETF A Buy?

Qwest Corporation 6.5% Notes due 2056 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.

Current score: 0.611 Hold/Accumulate Upgraded

Predicted Opening Price for Qwest Corporation 6.5% Notes due 2056 of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$10.06 ( 0.495%) $10.11

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 10.29 1.78 %
R2 10.20 0.91 %
R1 10.15 0.374 %
Current price: 10.11
Support S1 9.97 -1.36 %
S2 9.92 -1.90 %
S3 9.83 -2.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.41 2.97 %
R2 10.20 0.89 %
R1 10.14 0.297 %
Current price 10.11
Support S1 10.00 -1.09%
S2 9.77 -3.36%
S3 9.50 -6.03%

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?
Qwest Corporation 6.5% Notes due 2056 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Hold/Accumulate 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 2024-03-27, the price of an Qwest Corporation 6.5% Notes due 2056 (CTBB) share was $10.11.

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 $15.15 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 2024-03-27, the market capitalization of Qwest Corporation 6.5% Notes due 2056 is 1.582B.
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