Morgan Stanley India Investment Fund Inc Stock Forecast
Morgan Stanley India Investment Fund Inc stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)
The Morgan Stanley India Investment Fund Inc stock price gained 1.01% on the last trading day (Thursday, 28th Mar 2024), rising from $22.71 to $22.94. It has now gained 4 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 0.262% from a day low at $22.89 to a day high of $22.95. The price has risen in 6 of the last 10 days and is up by 0.61% 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, 7 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately $678.54 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.35% during the next 3 months and, with a 90% probability hold a price between $23.75 and $24.99 at the end of this 3-month period.
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IIF Signals & Forecast
The Morgan Stanley India Investment Fund Inc 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 $22.61 and $22.93. A breakdown below any of these levels will issue sell signals. Morgan Stanley India Investment Fund Inc 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -2.05%. 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).
Support, Risk & Stop-loss for Morgan Stanley India Investment Fund Inc stock
Morgan Stanley India Investment Fund Inc finds support from accumulated volume at $22.59 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 $0.0599 between high and low, or 0.262%. For the last week the stock has had daily average volatility of 0.358%.
Our recommended stop-loss: $21.92 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (IIF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Morgan Stanley India Investment Fund Inc to open at $22.93, and during the day (based on 14 day Average True Range), to move between $22.73 and $23.15, which gives a possible trading interval of +/-$0.207 (+/-0.90%) up or down from last closing price. If Morgan Stanley India Investment Fund Inc takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.18 (1.05%) than the support at $22.59 (1.53%), 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 Morgan Stanley India Investment Fund Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Morgan Stanley India Investment Fund Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.522 Buy Candidate Upgraded
Predicted Opening Price for Morgan Stanley India Investment Fund Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$22.93 ( 0.0583%) | $22.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IIF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.99 | 0.203 % | |
R2 | 22.96 | 0.103 % | ||
R1 | 22.95 | 0.0415 % | ||
Current price: | 22.94 | |||
Support | S1 | 22.90 | -0.158 % | |
S2 | 22.89 | -0.220 % | ||
S3 | 22.87 | -0.319 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.41 | 2.05 % | |
R2 | 23.20 | 1.13 % | ||
R1 | 23.18 | 1.05 % | ||
Current price | 22.94 | |||
Support | S1 | 22.59 | -1.53% | |
S2 | 22.54 | -1.74% | ||
S3 | 22.46 | -2.09% |
IIF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 05, 2023 | Dec 14, 2023 | Jan 12, 2024 | $3.14 | 13.91% |
2 | Dec 06, 2022 | Dec 15, 2022 | Jan 15, 2019 | $3.98 | 19.67% |
3 | Dec 09, 2021 | Dec 16, 2021 | Jan 14, 2022 | $1.00 | 3.56% |
4 | Dec 10, 2020 | Dec 17, 2020 | Jan 15, 2021 | $0.0040 | 0.0180% |
5 | Dec 12, 2019 | Dec 19, 2019 | Jan 15, 2020 | $0.0280 | 0.135% |
FAQ
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