Putnam Master Intermediate Income Trust Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||0.48% ( 2013-01-15 )|
Putnam Master Intermediate Income Trust gained 0.69% in the last trading day, rising from $4.36 to $4.39 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 5 of the last 10 days , but is still down by -0.23% for this period. Volume fell in the last day by -40 245 shares, and in total, 134 408 shares bought and sold for approximately $590 051.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the PIM stock was $4.39. This is 0.69% more than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 1.81% from a day low at $4.36 to a day high of $4.44.
30 day high of the PIM stock price was $4.44 and low was $4.14.
90 day high was $4.52 and low was $4.06.
52 week high for the Putnam Master Intermediate Income Trust - $4.84 and low - $4.06.
Putnam Master Intermediate Income Trust is the upper part of a horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $4.46 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Putnam Master Intermediate Income Trust with 90% probability to be traded between $4.04 and $4.37 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Putnam Master Intermediate Income Trust holds buy signals from both short- and long-term moving averages. In addition, 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 $4.37 and $4.36. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday January 11, 2019, which indicates further gains 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
Putnam Master Intermediate Income Trust finds support from accumulated volume at $4.37.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $4.17 (-5.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)
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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 this stock to perform well in the short-term period.