Scudder Strategic Municiple Income Trust Stock Forecast
Scudder Strategic Municiple Income Trust stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
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".
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
# | 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
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