Stone Harbor Emerging Markets Total Income Fund Forecast and Stock Analysis
Technical EDI stock analysis for Friday May 17, 2019.
|Shorts||3.05% ( 2019-04-15 )|
|Price to book||USD 1.13|
|Next Earnings Date||n/a|
Stone Harbor Emerging Markets Total Income Fund fell by -0.08% in the last day ( Friday, 17th May 2019 ) from $12.80 to $12.79 and has now fallen 4 days in a row. During day the stock fluctuated 1.34% from a day low at $12.67 to a day high of $12.84. The price has been going up and down for this period, and there has been a 1.11% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -19 998 shares and in total 24 375 shares bought and sold for approximately $311 756.00.
- 30 day high of the EDI stock price was $13.18 and low was $12.11.
- 90 day high was $13.39 and low was $12.11.
- 52 week high for the Stone Harbor Emerging Markets Total Income Fund - $13.89 and low - $9.83.
Stone Harbor Emerging Markets Total Income Fund lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.37% during the next 3 months and, with 90% probability hold a price between $11.82 and $12.93 at the end of this period.
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 $12.94 and $12.83. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday May 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 54 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 $12.76.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.38 %Average volatility
Very Low Low Medium High Very High
Stone Harbor Emerging Markets Total Income Fund holds several negative signals and is within a 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.
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