Qwest Corporation 6.75% Notes due 2057 ETF Forecast
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:
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
Evaluation of Qwest Corporation 6.75% Notes due 2057 ETF downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Qwest Corporation 6.75% Notes due 2057 ETF price fell by -1.00% on the last day (Thursday, 25th Apr 2024) from $10.00 to $9.90. During the last trading day the ETF fluctuated 1.42% from a day low at $9.85 to a day high of $9.99. The price has fallen in 5 of the last 10 days and is down by -3.7% for this period. Volume has increased on the last day by 5 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, 32 thousand shares were bought and sold for approximately $315.31 thousand.
The ETF has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $9.92. A reaction back to this level may hold a second chance to get out before further falls.
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CTDD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 1.43%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Qwest Corporation 6.75% Notes due 2057 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 $9.95 and $10.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Qwest Corporation 6.75% Notes due 2057 gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Qwest Corporation 6.75% Notes due 2057 ETF
Qwest Corporation 6.75% Notes due 2057 finds support from accumulated volume at $9.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.140 (1.42%) between high and low. For the last week, the ETF has had daily average volatility of 1.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CTDD) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Qwest Corporation 6.75% Notes due 2057 to open at $9.91, and during the day (based on 14 day Average True Range), to move between $9.67 and $10.13, which gives a possible trading interval of +/-$0.233 (+/-2.36%) up or down from last closing price. If Qwest Corporation 6.75% Notes due 2057 takes out the full calculated possible swing range there will be an estimated 4.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.00 (1.01%) than the support at $9.80 (1.01%), 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 6.75% Notes due 2057 ETF A Buy?
The Qwest Corporation 6.75% Notes due 2057 ETF holds several negative signals and despite the positive trend, we believe Qwest Corporation 6.75% Notes due 2057 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: -4.345 Sell Candidate Downgraded
Predicted Opening Price for Qwest Corporation 6.75% Notes due 2057 of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $9.91 ( 0.135%) | $9.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTDD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.05 | 1.55 % | |
| R2 | 10.00 | 1.01 % | ||
| R1 | 9.97 | 0.675 % | ||
| Current price: | 9.90 | |||
| Support | S1 | 9.86 | -0.406 % | |
| S2 | 9.83 | -0.739 % | ||
| S3 | 9.77 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.10 | 12.12 % | |
| R2 | 10.95 | 10.61 % | ||
| R1 | 10.00 | 1.01 % | ||
| Current price | 9.90 | |||
| Support | S1 | 9.80 | -1.01% | |
| S2 | 9.76 | -1.41% | ||
| S3 | 9.58 | -3.23% |
CTDD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 15, 2024 | $0.422 | 4.06% |
| 2 | Dec 13, 2023 | Dec 13, 2023 | Dec 15, 2023 | $0.422 | 4.12% |
| 3 | Sep 13, 2023 | Sep 13, 2023 | Sep 15, 2023 | $0.422 | 3.45% |
| 4 | Jun 13, 2023 | Jun 13, 2023 | Jun 15, 2023 | $0.422 | 2.95% |
| 5 | Jun 12, 2023 | Mar 13, 2023 | Mar 15, 2023 | $0.422 | 2.55% |
FAQ
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