Fort Dearborn Income Securities Inc Stock Forecast

Red day on Monday for Fort Dearborn Income Securities Inc stock after losing 0%
(Updated on May 04, 2020)

FDI.L Signals & Forecast

The Fort Dearborn Income Securities Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.0020 and £0.0018. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 01, 2020, and so far it has fallen 0%. 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 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Fort Dearborn Income Securities Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0018. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FDI.L) For The Upcoming Trading Day Of Tuesday 5th

For the upcoming trading day on Tuesday, 5th we expect Fort Dearborn Income Securities Inc to open at £0.0020, and during the day (based on 14 day Average True Range), to move between £0.0019 and £0.0021, which gives a possible trading interval of +/-£0.0001 (+/-6.47%) up or down from last closing price. If Fort Dearborn Income Securities Inc takes out the full calculated possible swing range there will be an estimated 12.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.0021 (5.00%) than the support at £0.0018 (10.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Fort Dearborn Income Securities Inc stock A Buy?

Fort Dearborn Income Securities Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.582 Sell Candidate Unchanged

Predicted Opening Price for Fort Dearborn Income Securities Inc of Tuesday, May 5, 2020

The predicted opening price is based on yesterday's movements between high, low, and closing price.