Dreyfus Municipal Bond Infrastructure Stock 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
Dreyfus Municipal Bond Infrastructure stock price up 0.0970% on Wednesday
(Updated on Mar 27, 2024)
The Dreyfus Municipal Bond Infrastructure stock price gained 0.0970% on the last trading day (Wednesday, 27th Mar 2024), rising from $10.31 to $10.32. During the last trading day the stock fluctuated 0.485% from a day low at $10.29 to a day high of $10.34. The price has been going up and down for this period, and there has been a -0.58% loss for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 14 thousand shares were bought and sold for approximately $140.90 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 stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dreyfus Municipal Bond Infrastructure stock with a 90% probability to be traded between $10.23 and $10.56 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
There are few to no technical positive signals at the moment. 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 $10.32 and $10.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -0.96%. 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 Dreyfus Municipal Bond Infrastructure stock
Dreyfus Municipal Bond Infrastructure finds support from accumulated volume at $10.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0499 between high and low, or 0.485%. For the last week the stock has had daily average volatility of 0.423%
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 Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Dreyfus Municipal Bond Infrastructure Fund Inc to open at $10.32, and during the day (based on 14 day Average True Range), to move between $10.26 and $10.38, which gives a possible trading interval of +/-$0.0605 (+/-0.59%) 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 1.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.31 (0.10%) than the resistance at $10.34 (0.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -1.888 Sell Candidate Unchanged
Predicted Opening Price for Dreyfus Municipal Bond Infrastructure Fund Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$10.32 ( 0.0320%) | $10.32 |
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 | 10.37 | 0.452 % | |
R2 | 10.35 | 0.267 % | ||
R1 | 10.34 | 0.153 % | ||
Current price: | 10.32 | |||
Support | S1 | 10.30 | -0.217 % | |
S2 | 10.29 | -0.331 % | ||
S3 | 10.27 | -0.516 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.36 | 0.388 % | |
R2 | 10.35 | 0.291 % | ||
R1 | 10.34 | 0.194 % | ||
Current price | 10.32 | |||
Support | S1 | 10.31 | -0.0969% | |
S2 | 10.30 | -0.194% | ||
S3 | 10.10 | -2.13% |
DMB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 04, 2024 | Mar 18, 2024 | Apr 01, 2024 | $0.0300 | 0.291% |
2 | Feb 02, 2024 | Feb 16, 2024 | Mar 01, 2024 | $0.0300 | 0.290% |
3 | Jan 18, 2024 | Jan 18, 2024 | Feb 01, 2024 | $0.0300 | 0.290% |
4 | Dec 04, 2023 | Dec 18, 2023 | Jan 02, 2024 | $0.0300 | 0.291% |
5 | Oct 25, 2023 | Nov 08, 2023 | Dec 01, 2023 | $0.0300 | 0.297% |
FAQ
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