RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KSM
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Scudder Strategic Municiple Income Trust stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 05, 2024 Gain 1.48% PDF

The Scudder Strategic Municiple Income Trust stock price fell by -0.223% on the last day (Thursday, 28th Mar 2024) from $8.96 to $8.94. During the last trading day the stock fluctuated 1.01% from a day low at $8.93 to a day high of $9.02. The price has fallen in 5 of the last 10 days. Volume has increased on the last day by 2 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, 21 thousand shares were bought and sold for approximately $185.34 thousand.

The stock lies in the middle of a narrow and 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 3.17% during the next 3 months and, with a 90% probability hold a price between $9.11 and $9.42 at the end of this 3-month period.

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KSM Signals & Forecast

The Scudder Strategic Municiple Income Trust 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 $8.96. On a fall, the stock will find some support from the long-term average at approximately $8.87. 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 Friday, March 22, 2024, and so far it has fallen -0.556%. Further fall is indicated until a new bottom pivot has been found. Scudder Strategic Municiple Income Trust 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".

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, March 22, 2024 and based on theory for this formation the price should fall by -5.41% to $8.46 within 35 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Scudder Strategic Municiple Income Trust stock

Scudder Strategic Municiple Income Trust finds support from accumulated volume at $8.86 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 $0.0900 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 0.96%.

Our recommended stop-loss: $8.67 (-3.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (KSM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Scudder Strategic Municiple Income Trust to open at $8.96, and during the day (based on 14 day Average True Range), to move between $8.86 and $9.02, which gives a possible trading interval of +/-$0.0800 (+/-0.90%) up or down from last closing price. If Scudder Strategic Municiple Income Trust takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.95 (0.11%) than the support at $8.86 (0.89%), 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 Scudder Strategic Municiple Income Trust 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 Scudder Strategic Municiple Income Trust stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.564 Buy Candidate Upgraded

Predicted Opening Price for Scudder Strategic Municiple Income Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.96 ( 0.261%) $8.94

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

Trading levels for KSM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.05 1.27 %
R2 9.02 0.88 %
R1 9.00 0.646 %
Current price: 8.94
Support S1 8.93 -0.124 %
S2 8.91 -0.361 %
S3 8.87 -0.746 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.97 0.336 %
R2 8.96 0.224 %
R1 8.95 0.112 %
Current price 8.94
Support S1 8.86 -0.89%
S2 8.81 -1.45%
S3 8.80 -1.57%

KSM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 19, 2024 Mar 19, 2024 Mar 28, 2024 $0.0300 0.335%
2 Feb 08, 2024 Feb 16, 2024 Feb 29, 2024 $0.0290 0.330%
3 Jan 08, 2024 Jan 18, 2024 Jan 31, 2024 $0.0260 0.292%
4 Dec 15, 2023 Dec 15, 2023 Dec 29, 2023 $0.0260 0.301%
5 Nov 08, 2023 Nov 17, 2023 Nov 30, 2023 $0.0260 0.314%

FAQ

What is the symbol for Scudder Strategic Municiple Income Trust Stock and on which exchange is it traded?
The symbol for Scudder Strategic Municiple Income Trust is KSM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Scudder Strategic Municiple Income Trust Stock?
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 Scudder Strategic Municiple Income Trust stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Scudder Strategic Municiple Income Trust Stock?
Scudder Strategic Municiple Income Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Scudder Strategic Municiple Income Trust Stock.

What's the current price of Scudder Strategic Municiple Income Trust Stock?
As of the end of day on the 2024-03-28, the price of an Scudder Strategic Municiple Income Trust (KSM) share was $8.94.

What is the 52-week high and low for Scudder Strategic Municiple Income Trust Stock?
The 52-week high for Scudder Strategic Municiple Income Trust Stock is $9.08 and the 52-week low is $7.25.

What is the market capitalization of Scudder Strategic Municiple Income Trust Stock?
As of the 2024-03-28, the market capitalization of Scudder Strategic Municiple Income Trust is 98.768M.
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About Scudder Strategic Municiple Income Trust

Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas Inc. The fund invests in the fixed income markets of the United States. It primarily invests investment grade or unrated municipal securities of comparable quality, as well as in high-yield municipal securities that are below investment grade. The fund seeks to invest in securities that are exempt fr... KSM Profile

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