Cutwater Select Income Fund Stock Forecast

Green day on Friday for Cutwater Select Income Fund stock after gaining 0.93%
(Updated on Apr 19, 2024)

INSI Signals & Forecast

The Cutwater Select Income Fund 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 $16.07 and $16.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.63%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, January 30, 2024 in the short-term chart.

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 Cutwater Select Income Fund stock

Cutwater Select Income Fund finds support from accumulated volume at $15.73 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 $0.175 between high and low, or 1.09%. For the last week the stock has had daily average volatility of 1.18%

Our recommended stop-loss: $15.38 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (INSI) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Cutwater Select Income Fund to open at $16.16, and during the day (based on 14 day Average True Range), to move between $15.97 and $16.47, which gives a possible trading interval of +/-$0.246 (+/-1.51%) up or down from last closing price. If Cutwater Select Income Fund takes out the full calculated possible swing range there will be an estimated 3.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.29 (0.43%) than the support at $15.73 (3.02%), 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 Cutwater Select Income Fund 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 Cutwater Select Income Fund stock to perform well in the short-term.

Current score: 1.039 Buy Candidate Unchanged

Predicted Opening Price for Cutwater Select Income Fund of Monday, April 22, 2024

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