New America High Income Fund Inc (The) Stock Forecast
New America High Income Fund Inc (The) stock price ended at $7.27 on Wednesday, after losing 0%.
(Updated on Mar 27, 2024)
No changes to the price of New America High Income Fund Inc (The) stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0.691% from a day low at $7.24 to a day high of $7.29. The price has been going up and down for this period, and there has been a -0.27% loss for the last 2 weeks.
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 New America High Income Fund Inc (The) stock with a 90% probability to be traded between $7.27 and $7.60 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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HYB Signals & Forecast
The New America High Income Fund Inc (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.25 and $7.25. A breakdown below any of these levels will issue sell signals. 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 Thursday, February 01, 2024, and so far it has fallen -1.36%. Further fall is indicated until a new bottom pivot has been found. 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 stock had a Golden Star Signal on Tuesday, March 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, March 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, March 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for New America High Income Fund Inc (The) stock
New America High Income Fund Inc (The) finds support from accumulated volume at $7.25 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 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 $0.0500 between high and low, or 0.691%. For the last week the stock has had daily average volatility of 0.636%
Our recommended stop-loss: $6.95 (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (HYB) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect New America High Income Fund Inc (The) to open at $7.27, and during the day (based on 14 day Average True Range), to move between $7.22 and $7.32, which gives a possible trading interval of +/-$0.0521 (+/-0.72%) up or down from last closing price. If New America High Income Fund Inc (The) takes out the full calculated possible swing range there will be an estimated 1.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.28 (0.14%) than the support at $7.25 (0.28%), 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 New America High Income Fund Inc (The) stock A Buy?
New America High Income Fund Inc (The) 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: -0.586 Hold/Accumulate Unchanged
Predicted Opening Price for New America High Income Fund Inc (The) of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$7.27 ( 0.0459%) | $7.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.32 | 0.642 % | |
R2 | 7.30 | 0.379 % | ||
R1 | 7.29 | 0.217 % | ||
Current price: | 7.27 | |||
Support | S1 | 7.25 | -0.309 % | |
S2 | 7.24 | -0.471 % | ||
S3 | 7.22 | -0.734 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.30 | 0.413 % | |
R2 | 7.29 | 0.275 % | ||
R1 | 7.28 | 0.138 % | ||
Current price | 7.27 | |||
Support | S1 | 7.25 | -0.275% | |
S2 | 7.21 | -0.83% | ||
S3 | 7.13 | -1.93% |
HYB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0400 | 0.549% |
2 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0400 | 0.550% |
3 | Dec 18, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.0475 | 0.648% |
4 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0400 | 0.568% |
5 | Nov 01, 2023 | Nov 15, 2023 | Nov 30, 2023 | $0.0400 | 0.587% |
FAQ
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