CQS New City High Yield Fund Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for CQS New City High Yield Fund Limited as stock downgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The CQS New City High Yield Fund Limited stock price fell by -0.189% on the last day (Tuesday, 23rd Apr 2024) from £52.80 to £52.70. During the last trading day the stock fluctuated 1.53% from a day low at £52.20 to a day high of £53.00. The price has been going up and down for this period, and there has been a -0.38% loss for the last 2 weeks. 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 -505 thousand shares and in total, 895 thousand shares were bought and sold for approximately £47.15 million.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.52% during the next 3 months and, with a 90% probability hold a price between £55.26 and £56.85 at the end of this 3-month period.
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NCYF.L Signals & Forecast
The CQS New City High Yield Fund Limited 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 £52.56 and £51.58. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, April 12, 2024, and so far it has fallen -0.566%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CQS New City High Yield Fund Limited stock
CQS New City High Yield Fund Limited finds support from accumulated volume at £52.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the 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 £0.800 between high and low, or 1.53%. For the last week the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: £50.66 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (NCYF.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect CQS New City High Yield Fund Limited to open at £52.63, and during the day (based on 14 day Average True Range), to move between £51.82 and £53.58, which gives a possible trading interval of +/-£0.88 (+/-1.66%) up or down from last closing price. If CQS New City High Yield Fund Limited takes out the full calculated possible swing range there will be an estimated 3.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £52.80 (0.19%) than the support at £52.60 (0.19%), 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 CQS New City High Yield Fund Limited stock A Buy?
CQS New City High Yield Fund Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.780 Hold/Accumulate Downgraded
Predicted Opening Price for CQS New City High Yield Fund Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £52.63 ( 0.127%) | £52.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCYF.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.43 | 1.39 % | |
| R2 | 53.13 | 0.81 % | ||
| R1 | 52.94 | 0.453 % | ||
| Current price: | 52.70 | |||
| Support | S1 | 52.33 | -0.706 % | |
| S2 | 52.14 | -1.06 % | ||
| S3 | 51.83 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.00 | 0.569 % | |
| R2 | 52.90 | 0.380 % | ||
| R1 | 52.80 | 0.190 % | ||
| Current price | 52.70 | |||
| Support | S1 | 52.60 | -0.190% | |
| S2 | 50.80 | -3.61% | ||
| S3 | 50.00 | -5.12% |
NCYF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Jan 25, 2024 | Feb 28, 2024 | £1.00 | 2.01% |
| 2 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0100 | 0.0209% |
| 3 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | £0.0149 | 0.0323% |
| 4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | £1.00 | 2.04% |
| 5 | Jan 18, 2023 | Jan 26, 2023 | Feb 28, 2023 | £1.00 | 1.97% |
FAQ
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