Dreyfus Municipal Bond Infrastructure Stock Forecast
Red day on Friday for Dreyfus Municipal Bond Infrastructure
(Updated on Apr 19, 2024)
No changes to the price of Dreyfus Municipal Bond Infrastructure stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 0.299% from a day low at $9.99 to a day high of $10.02. The price has fallen in 6 of the last 10 days and is down by -1.67% for this period.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $9.99 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Dreyfus Municipal Bond Infrastructure stock with a 90% probability to be traded between $9.89 and $10.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DMB Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. 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 Dreyfus Municipal Bond Infrastructure stock 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 $10.24. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Dreyfus Municipal Bond Infrastructure stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock 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 stock During the last day, the stock moved $0.0299 between high and low, or 0.299%. For the last week the stock has had daily average volatility of 0.438%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DMB) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Dreyfus Municipal Bond Infrastructure Fund Inc to open at $10.00, and during the day (based on 14 day Average True Range), to move between $9.93 and $10.05, which gives a possible trading interval of +/-$0.0627 (+/-0.63%) up or down from last closing price. If Dreyfus Municipal Bond Infrastructure Fund Inc takes out the full calculated possible swing range there will be an estimated 1.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.26, some $0.270 (2.70%) from the current price of $9.99, our system finds the risk reward not very attractive.
Is Dreyfus Municipal Bond Infrastructure Fund Inc stock A Buy?
Dreyfus Municipal Bond Infrastructure holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.638 Sell Candidate Unchanged
Predicted Opening Price for Dreyfus Municipal Bond Infrastructure Fund Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $10.00 ( 0.0998%) | $9.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.03 | 0.399 % | |
| R2 | 10.02 | 0.285 % | ||
| R1 | 10.01 | 0.214 % | ||
| Current price: | 9.99 | |||
| Support | S1 | 9.99 | -0.0146 % | |
| S2 | 9.98 | -0.0852 % | ||
| S3 | 9.97 | -0.200 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.36 | 3.70 % | |
| R2 | 10.34 | 3.50 % | ||
| R1 | 10.26 | 2.70 % | ||
| Current price | 9.99 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DMB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 02, 2024 | Apr 16, 2024 | May 01, 2024 | $0.0300 | 0.300% |
| 2 | Mar 04, 2024 | Mar 18, 2024 | Apr 01, 2024 | $0.0300 | 0.292% |
| 3 | Feb 02, 2024 | Feb 16, 2024 | Mar 01, 2024 | $0.0300 | 0.290% |
| 4 | Jan 18, 2024 | Jan 18, 2024 | Feb 01, 2024 | $0.0300 | 0.290% |
| 5 | Dec 04, 2023 | Dec 18, 2023 | Jan 02, 2024 | $0.0300 | 0.291% |
FAQ
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