Morgan Stanley Emerging Markets Debt Stock Forecast

Red day on Monday for Morgan Stanley Emerging Markets Debt
(Updated on Apr 15, 2024)

MSD Signals & Forecast

There are few to no technical positive signals at the moment. The Morgan Stanley Emerging Markets Debt 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 $7.10 and $7.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -6.97%. 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). Morgan Stanley Emerging Markets Debt 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". The stock had a Golden Star Signal on Thursday, August 24, 2023 in the long-term chart.

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 stock in question.

Support, Risk & Stop-loss for Morgan Stanley Emerging Markets Debt stock

Morgan Stanley Emerging Markets Debt finds support from accumulated volume at $6.89 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 $0.130 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 1.37%.

Morgan Stanley Emerging Markets Debt is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MSD) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Morgan Stanley Emerging Markets Debt Fund Inc to open at $6.96, and during the day (based on 14 day Average True Range), to move between $6.87 and $7.01, which gives a possible trading interval of +/-$0.0745 (+/-1.07%) up or down from last closing price. If Morgan Stanley Emerging Markets Debt Fund Inc takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.89 (0.72%) than the resistance at $7.04 (1.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Morgan Stanley Emerging Markets Debt Fund Inc stock A Buy?

The Morgan Stanley Emerging Markets Debt stock holds several negative signals and despite the positive trend, we believe Morgan Stanley Emerging Markets Debt will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.818 Sell Candidate Unchanged

Predicted Opening Price for Morgan Stanley Emerging Markets Debt Fund Inc of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.