Qwest Corporation 6.5% Notes due 2056 ETF Forecast
Green day on Tuesday for Qwest Corporation 6.5% Notes due 2056 ETF after gaining 1.33%
(Updated on Apr 23, 2024)
The Qwest Corporation 6.5% Notes due 2056 ETF price gained 1.33% on the last trading day (Tuesday, 23rd Apr 2024), rising from $9.81 to $9.94. During the last trading day the ETF fluctuated 2.32% from a day low at $9.73 to a day high of $9.96. The price has fallen in 6 of the last 10 days and is down by -0.5% for this period. Volume fell on the last day by -17 thousand shares and in total, 36 thousand shares were bought and sold for approximately $357.97 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 6.61% during the next 3 months and, with a 90% probability hold a price between $9.96 and $11.60 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 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 ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $10.11. On a fall, the ETF will find some support from the short-term average at $9.90. 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -5.60%. 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 $9.90 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 $0.226 between high and low, or 2.32%. For the last week the ETF has had daily average volatility of 1.78%
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 Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Qwest Corporation 6.5% Notes due 2056 to open at $9.88, and during the day (based on 14 day Average True Range), to move between $9.73 and $10.15, which gives a possible trading interval of +/-$0.208 (+/-2.09%) 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 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.90 (0.40%) than the resistance at $10.00 (0.60%), 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.
Current score: -3.756 Sell Candidate Unchanged
Predicted Opening Price for Qwest Corporation 6.5% Notes due 2056 of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$9.88 ( 0.651%) | $9.94 |
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 | 10.10 | 1.62 % | |
R2 | 10.02 | 0.755 % | ||
R1 | 9.96 | 0.218 % | ||
Current price: | 9.94 | |||
Support | S1 | 9.79 | -1.52 % | |
S2 | 9.74 | -2.06 % | ||
S3 | 9.65 | -2.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.14 | 2.01 % | |
R2 | 10.07 | 1.31 % | ||
R1 | 10.00 | 0.604 % | ||
Current price | 9.94 | |||
Support | S1 | 9.90 | -0.402% | |
S2 | 9.75 | -1.91% | ||
S3 | 9.40 | -5.43% |
CTBB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | Jun 03, 2024 | $0.406 | 4.09% |
2 | Feb 28, 2024 | Feb 28, 2024 | Mar 01, 2024 | $0.406 | 3.88% |
3 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0.406 | 4.03% |
4 | Aug 30, 2023 | Aug 30, 2023 | Sep 01, 2023 | $0.406 | 3.24% |
5 | May 30, 2023 | May 30, 2023 | Jun 01, 2023 | $0.406 | 2.86% |
FAQ
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