Stone Harbor Emerging Markets Total Income Fund Forecast and Stock Analysis
Technical EDI stock analysis for March 15, 2019.
|Shorts||2.65% ( 2019-02-28 )|
Stone Harbor Emerging Markets Total Income Fund fell by -2.32% in the last day from $13.17 to $12.86 The price has fallen in 6 of the last 10 days and is down by -1.91% for this period. Volume has increased in the last day by 7 165 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 78 674 shares bought and sold for approximately $1.01 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the EDI stock was $12.86. This is 2.32% less than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 2.10% from a day low at $12.82 to a day high of $13.09.
30 day high of the EDI stock price was $13.35 and low was $12.50.
90 day high was $13.35 and low was $9.83.
52 week high for the Stone Harbor Emerging Markets Total Income Fund - $15.32 and low - $9.83.
Stone Harbor Emerging Markets Total Income Fund has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $12.98. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Stone Harbor Emerging Markets Total Income Fund holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $13.00 and $12.94. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 11, 2019, which indicates further falls until a new bottom pivot has been found. Stone Harbor Emerging Markets Total Income Fund 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-off's".
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Stone Harbor Emerging Markets Total Income Fund finds support from accumulated volume at $12.80.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.27 (2.10%) between high and low. For the last week, the stock has had a daily average volatility of 2.17%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
The Stone Harbor Emerging Markets Total Income Fund stock holds several negative signals and despite the positive trend we believe Stone Harbor Emerging Markets Total Income Fund will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Sell Candidate.