Scudder Strategic Income Trust Fund Forecast
Red day on Monday for Scudder Strategic Income Trust fund after losing 0%
(Updated on Dec 24, 2018)
No changes to the price of Scudder Strategic Income Trust fund on the last trading day (Monday, 24th Dec 2018). During the last trading day the fund fluctuated 0% from a day low at $12.60 to a day high of $12.60. The price has been going up and down for this period, and there has been a 0.01% gain for the last 2 weeks.
The fund 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 Scudder Strategic Income Trust fund with a 90% probability to be traded between $12.59 and $12.70 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KST Signals & Forecast
The Scudder Strategic Income Trust fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.60 and $12.60. A breakdown below any of these levels will issue sell signals. 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 Wednesday, November 07, 2018, and so far it has fallen -0.0674%. 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). 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 very low volume increases the risk and reduces the other technical signals issued. The fund had a Golden Star Signal on Tuesday, October 16, 2018 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 06, 2018.
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 fund in question.
Support, Risk & Stop-loss for Scudder Strategic Income Trust fund
Scudder Strategic Income Trust finds support from accumulated volume at $12.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $12.10 (-4.01%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (KST) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Scudder Strategic Income Trust to open at $12.60, and during the day (based on 14 day Average True Range), to move between $12.60 and $12.61, which gives a possible trading interval of +/-$0.0049 (+/-0.04%) up or down from last closing price. If Scudder Strategic Income Trust takes out the full calculated possible swing range there will be an estimated 0.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.60 (0.01%) than the resistance at $12.60 (0.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Scudder Strategic Income Trust fund A Buy?
Scudder Strategic Income Trust 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: 0.200 Hold/Accumulate Unchanged
Predicted Opening Price for Scudder Strategic Income Trust of Wednesday, December 26, 2018
Fair opening price December 26, 2018 | Current price |
---|---|
$12.60 ( 0%) | $12.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.60 | . | |
R2 | 12.60 | . | ||
R1 | 12.60 | . | ||
Current price: | 12.60 | |||
Support | S1 | 12.60 | . | |
S2 | 12.60 | . | ||
S3 | 12.60 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 12.61 | 0.0675 % | ||
R1 | 12.60 | 0.0214 % | ||
Current price | 12.60 | |||
Support | S1 | 12.60 | -0.0079% | |
S2 | 12.59 | -0.0913% | ||
S3 | 12.53 | -0.567% |
FAQ
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