Advent/Claymore Enhanced Growth & Income Fund Forecast
Red day on Monday for Advent/Claymore Enhanced Growth & Income
(Updated on Sep 24, 2018)
No changes to the price of Advent/Claymore Enhanced Growth & Income fund on the last trading day (Monday, 24th Sep 2018). During the last trading day the fund fluctuated 0% from a day low at $7.74 to a day high of $7.74. The price has been going up and down for this period, and there has been a 0% change 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 Advent/Claymore Enhanced Growth & Income fund with a 90% probability to be traded between $7.65 and $7.88 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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LCM Signals & Forecast
There are mixed signals in the fund today. The Advent/Claymore Enhanced Growth & Income fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.74 and $7.76. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Thursday, August 16, 2018, and so far it has risen 0.650%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Advent/Claymore Enhanced Growth & Income fund
Advent/Claymore Enhanced Growth & Income finds support from accumulated volume at $7.72 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: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LCM) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Advent/Claymore Enhanced Growth & Income Fund to open at $7.74, and during the day (based on 14 day Average True Range), to move between $7.73 and $7.75, which gives a possible trading interval of +/-$0.0138 (+/-0.18%) up or down from last closing price. If Advent/Claymore Enhanced Growth & Income Fund takes out the full calculated possible swing range there will be an estimated 0.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.75 (0.13%) than the support at $7.72 (0.26%), 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 Advent/Claymore Enhanced Growth & Income Fund fund A Buy?
Advent/Claymore Enhanced Growth & Income holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.
Current score: -2.140 Sell Candidate Unchanged
Predicted Opening Price for Advent/Claymore Enhanced Growth & Income Fund of Tuesday, September 25, 2018
Fair opening price September 25, 2018 | Current price |
---|---|
$7.74 ( 0.00000000%) | $7.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.74 | 0.00000000 % | |
R2 | 7.74 | 0.00000000 % | ||
R1 | 7.74 | 0.00000000 % | ||
Current price: | 7.74 | |||
Support | S1 | 7.74 | 0.00000000 % | |
S2 | 7.74 | 0.00000000 % | ||
S3 | 7.74 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.80 | 0.775 % | |
R2 | 7.78 | 0.517 % | ||
R1 | 7.75 | 0.129 % | ||
Current price | 7.74 | |||
Support | S1 | 7.72 | -0.258% | |
S2 | 7.71 | -0.388% | ||
S3 | 7.69 | -0.646% |
FAQ
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