Qwest Corporation 6.75% Notes due 2057 ETF Forecast
Stronger technical forecast for Qwest Corporation 6.75% Notes due 2057 ETF price after Tuesday trading.
(Updated on Apr 23, 2024)
The Qwest Corporation 6.75% Notes due 2057 ETF price gained 1.42% on the last trading day (Tuesday, 23rd Apr 2024), rising from $9.83 to $9.97. During the last trading day the ETF fluctuated 2.89% from a day low at $9.81 to a day high of $10.09. The price has fallen in 5 of the last 10 days and is down by -1.87% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately $503.45 thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.97 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 6.98% during the next 3 months and, with a 90% probability hold a price between $10.66 and $12.44 at the end of this 3-month period.
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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 2.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Qwest Corporation 6.75% Notes due 2057 has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 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 $10.40. On a fall, the ETF will find some support from the short-term average at $9.96. 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.
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 $9.95 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 $0.283 between high and low, or 2.89%. For the last week the ETF has had daily average volatility of 1.72%.
Our recommended stop-loss: $9.36 (-6.09%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (CTDD) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Qwest Corporation 6.75% Notes due 2057 to open at $9.96, and during the day (based on 14 day Average True Range), to move between $9.72 and $10.22, which gives a possible trading interval of +/-$0.249 (+/-2.49%) 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 4.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.95 (0.20%) than the resistance at $10.00 (0.30%), 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 6.75% Notes due 2057 ETF A Buy?
Qwest Corporation 6.75% Notes due 2057 holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Sell to a Hold/Accumulate candidate.
Current score: 0.186 Hold/Accumulate Upgraded
Predicted Opening Price for Qwest Corporation 6.75% Notes due 2057 of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$9.96 ( 0.123%) | $9.97 |
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 | 10.24 | 2.72 % | |
R2 | 10.13 | 1.63 % | ||
R1 | 10.07 | 0.96 % | ||
Current price: | 9.97 | |||
Support | S1 | 9.85 | -1.21 % | |
S2 | 9.78 | -1.88 % | ||
S3 | 9.67 | -2.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.10 | 11.33 % | |
R2 | 10.95 | 9.83 % | ||
R1 | 10.00 | 0.301 % | ||
Current price | 9.97 | |||
Support | S1 | 9.95 | -0.201% | |
S2 | 9.80 | -1.71% | ||
S3 | 9.34 | -6.32% |
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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