MFS Intermediate Income Trust Stock Forecast
MFS Intermediate Income Trust stock price ended at $2.57 on Friday, after losing 0.388%.
(Updated on Apr 19, 2024)
The MFS Intermediate Income Trust stock price fell by -0.388% on the last day (Friday, 19th Apr 2024) from $2.58 to $2.57. During the last trading day the stock fluctuated 0.778% from a day low at $2.57 to a day high of $2.59. The price has fallen in 5 of the last 10 days and is down by -2.28% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -67 thousand shares and in total, 104 thousand shares were bought and sold for approximately $266.08 thousand.
The stock lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.56 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.44% during the next 3 months and, with a 90% probability hold a price between $2.37 and $2.45 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MIN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MFS Intermediate Income Trust stock 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 $2.59 and $2.64. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for MFS Intermediate Income Trust stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock 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 stock During the last day, the stock moved $0.0200 between high and low, or 0.778%. For the last week the stock has had daily average volatility of 1.13%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MIN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect MFS Intermediate Income Trust to open at $2.58, and during the day (based on 14 day Average True Range), to move between $2.54 and $2.60, which gives a possible trading interval of +/-$0.0321 (+/-1.25%) up or down from last closing price. If MFS Intermediate Income Trust takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.63, some $0.0600 (2.33%) from the current price of $2.57, our system finds the risk reward not very attractive.
Is MFS Intermediate Income Trust stock A Buy?
MFS Intermediate Income Trust holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.231 Sell Candidate Unchanged
Predicted Opening Price for MFS Intermediate Income Trust of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $2.58 ( 0.259%) | $2.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.60 | 1.04 % | |
| R2 | 2.59 | 0.740 % | ||
| R1 | 2.58 | 0.557 % | ||
| Current price: | 2.57 | |||
| Support | S1 | 2.57 | -0.0379 % | |
| S2 | 2.56 | -0.222 % | ||
| S3 | 2.56 | -0.519 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.66 | 3.50 % | |
| R2 | 2.64 | 2.72 % | ||
| R1 | 2.63 | 2.33 % | ||
| Current price | 2.57 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 16, 2024 | Apr 30, 2024 | $0.0203 | 0.788% |
| 2 | Mar 12, 2024 | Mar 12, 2024 | Mar 12, 2024 | $0.0406 | 1.54% |
| 3 | Feb 01, 2024 | Feb 13, 2024 | Feb 29, 2024 | $0.0206 | 0.750% |
| 4 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0206 | 0.729% |
| 5 | Dec 01, 2023 | Dec 19, 2023 | Dec 29, 2023 | $0.0202 | 0.753% |
FAQ
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