Cohen & Steers Closed-End Opportunity Stock Forecast
Green day on Thursday for Cohen & Steers Closed-End Opportunity stock after gaining 0.430%
(Updated on Mar 28, 2024)
The Cohen & Steers Closed-End Opportunity stock price gained 0.430% on the last trading day (Thursday, 28th Mar 2024), rising from $11.64 to $11.69. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.08% from a day low at $11.62 to a day high of $11.75. The price has risen in 8 of the last 10 days and is up by 3.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 78 thousand shares were bought and sold for approximately $914.23 thousand.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $11.82 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Cohen & Steers Closed-End Opportunity stock with a 90% probability to be traded between $11.36 and $12.04 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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FOF Signals & Forecast
The Cohen & Steers Closed-End Opportunity 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 $11.55 and $11.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 5.79%. Further rise is indicated until a new top pivot has been found. Cohen & Steers Closed-End Opportunity has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cohen & Steers Closed-End Opportunity stock
Cohen & Steers Closed-End Opportunity finds support from accumulated volume at $11.48 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.125 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 0.755%.
Our recommended stop-loss: $11.12 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (FOF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cohen & Steers Closed-End Opportunity Fund Inc to open at $11.69, and during the day (based on 14 day Average True Range), to move between $11.58 and $11.80, which gives a possible trading interval of +/-$0.112 (+/-0.96%) up or down from last closing price. If Cohen & Steers Closed-End Opportunity Fund Inc takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.48, some $0.210 (1.80%) from the current price of $11.69, our system finds the risk reward attractive.
Is Cohen & Steers Closed-End Opportunity Fund Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Cohen & Steers Closed-End Opportunity stock to perform well in the short-term period.
Current score: 4.665 Buy Candidate Unchanged
Predicted Opening Price for Cohen & Steers Closed-End Opportunity Fund Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$11.69 ( 0.0428%) | $11.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.81 | 1.03 % | |
R2 | 11.76 | 0.618 % | ||
R1 | 11.73 | 0.366 % | ||
Current price: | 11.69 | |||
Support | S1 | 11.64 | -0.451 % | |
S2 | 11.61 | -0.704 % | ||
S3 | 11.56 | -1.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 11.69 | |||
Support | S1 | 11.48 | -1.80% | |
S2 | 11.34 | -2.99% | ||
S3 | 11.12 | -4.88% |
FOF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 11, 2024 | Jun 11, 2024 | Jun 28, 2024 | $0.0870 | 0.744% |
2 | Mar 21, 2024 | May 14, 2024 | May 31, 2024 | $0.0870 | 0.744% |
3 | Mar 21, 2024 | Apr 09, 2024 | Apr 30, 2024 | $0.0870 | 0.744% |
4 | Dec 15, 2023 | Mar 12, 2024 | Mar 28, 2024 | $0.0870 | 0.744% |
5 | Dec 12, 2023 | Feb 13, 2024 | Feb 29, 2024 | $0.0870 | 0.780% |
FAQ
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