Synthetic Fixed-Income Securities, Inc. Stock Forecast
Red day on Wednesday for Synthetic Fixed-Income Securities, Inc.
(Updated on Mar 27, 2024)
The Synthetic Fixed-Income Securities, Inc. stock price fell by -0.99% on the last day (Wednesday, 27th Mar 2024) from $25.25 to $25.00. During the last trading day the stock fluctuated 1.80% from a day low at $25.00 to a day high of $25.45. The price has been going up and down for this period, and there has been a -0.16% loss for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $27.50 thousand.
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 Synthetic Fixed-Income Securities, Inc. stock with a 90% probability to be traded between $24.42 and $25.08 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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GJO Signals & Forecast
The Synthetic Fixed-Income Securities, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $25.13. On a fall, the stock will find some support from the long-term average at approximately $24.96. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, March 26, 2024, and so far it has fallen -0.99%. Further fall is indicated until a new bottom pivot has been found. Synthetic Fixed-Income Securities, Inc. 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-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Synthetic Fixed-Income Securities, Inc. stock
Synthetic Fixed-Income Securities, Inc. finds support from accumulated volume at $24.92 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 $0.450 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 0.360%.
Our recommended stop-loss: $24.23 (-3.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (GJO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Synthetic Fixed-Income Securities, Inc. on behalf of STRATS(SM) Trust for Wal-Mart Stores, Inc. Securities, Series 2004- to open at $25.15, and during the day (based on 14 day Average True Range), to move between $24.90 and $25.10, which gives a possible trading interval of +/-$0.0987 (+/-0.39%) up or down from last closing price. If Synthetic Fixed-Income Securities, Inc. on behalf of STRATS(SM) Trust for Wal-Mart Stores, Inc. Securities, Series 2004- takes out the full calculated possible swing range there will be an estimated 0.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.05 (0.20%) than the support at $24.92 (0.34%), 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 Synthetic Fixed-Income Securities, Inc. on behalf of STRATS(SM) Trust for Wal-Mart Stores, Inc. Securities, Series 2004- stock A Buy?
Synthetic Fixed-Income Securities, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Synthetic Fixed-Income Securities, Inc. on behalf of STRATS(SM) Trust for Wal-Mart Stores, Inc. Securities, Series 2004- of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$25.15 ( 0.600%) | $25.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GJO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.60 | 2.40 % | |
R2 | 25.43 | 1.71 % | ||
R1 | 25.32 | 1.29 % | ||
Current price: | 25.00 | |||
Support | S1 | 24.98 | -0.0876 % | |
S2 | 24.87 | -0.512 % | ||
S3 | 24.70 | -1.20 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.25 | 1.00 % | |
R2 | 25.19 | 0.760 % | ||
R1 | 25.05 | 0.200 % | ||
Current price | 25.00 | |||
Support | S1 | 24.92 | -0.340% | |
S2 | 24.74 | -1.04% | ||
S3 | 24.70 | -1.20% |
GJO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Mar 15, 2024 | $0.126 | 0.505% |
2 | Feb 13, 2024 | Feb 13, 2024 | Feb 15, 2024 | $0.127 | 0.508% |
3 | Jan 11, 2024 | Jan 11, 2024 | Jan 16, 2024 | $0.128 | 0.514% |
4 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | $0.128 | 0.524% |
5 | Nov 13, 2023 | Nov 13, 2023 | Nov 13, 2023 | $0.128 | 0.513% |
FAQ
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