Pioneer Municipal High Income Advantage Stock Forecast
Stronger technical forecast for Pioneer Municipal High Income Advantage stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Pioneer Municipal High Income Advantage stock price gained 0.617% on the last trading day (Thursday, 28th Mar 2024), rising from $8.10 to $8.15. During the last trading day the stock fluctuated 0.99% from a day low at $8.07 to a day high of $8.15. The price has risen in 5 of the last 10 days and is up by 0.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately $600.70 thousand.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $8.20 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Pioneer Municipal High Income Advantage stock with a 90% probability to be traded between $8.05 and $8.35 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MAV Signals & Forecast
The Pioneer Municipal High Income Advantage stock 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 $8.12 and $8.11. A breakdown below any of these levels will issue sell signals. Pioneer Municipal High Income Advantage has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, March 11, 2024, and so far it has fallen -0.245%. 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).
Support, Risk & Stop-loss for Pioneer Municipal High Income Advantage stock
Pioneer Municipal High Income Advantage finds support from accumulated volume at $8.10 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 $0.0800 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: $7.82 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (MAV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pioneer Municipal High Income Advantage Trust to open at $8.12, and during the day (based on 14 day Average True Range), to move between $8.08 and $8.22, which gives a possible trading interval of +/-$0.0693 (+/-0.85%) up or down from last closing price. If Pioneer Municipal High Income Advantage Trust takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.16 (0.12%) than the support at $8.10 (0.61%), 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 Pioneer Municipal High Income Advantage Trust stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pioneer Municipal High Income Advantage stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.884 Buy Candidate Upgraded
Predicted Opening Price for Pioneer Municipal High Income Advantage Trust of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$8.12 ( 0.327%) | $8.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.20 | 0.654 % | |
R2 | 8.17 | 0.279 % | ||
R1 | 8.15 | 0.0478 % | ||
Current price: | 8.15 | |||
Support | S1 | 8.09 | -0.702 % | |
S2 | 8.07 | -0.93 % | ||
S3 | 8.04 | -1.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 8.17 | 0.245 % | ||
R1 | 8.16 | 0.123 % | ||
Current price | 8.15 | |||
Support | S1 | 8.10 | -0.613% | |
S2 | 8.08 | -0.86% | ||
S3 | 8.02 | -1.60% |
MAV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 04, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0310 | 0.381% |
2 | Feb 06, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0275 | 0.338% |
3 | Jan 05, 2024 | Jan 18, 2024 | Jan 31, 2024 | $0.0275 | 0.346% |
4 | Dec 01, 2023 | Dec 11, 2023 | Dec 19, 2023 | $0.0275 | 0.347% |
5 | Nov 03, 2023 | Nov 15, 2023 | Nov 30, 2023 | $0.0280 | 0.369% |
FAQ
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