Putnam Master Intermediate Income Trust Forecast and Stock Analysis
Technical PIM stock analysis for March 22, 2019.
|Shorts||0.48% ( 2013-01-15 )|
Putnam Master Intermediate Income Trust gained 0.22% in the last trading day, rising from $4.47 to $4.48 The price has fallen in 5 of the last 10 days and is down by -1.1% for this period. Volume fell in the last day by -58 779 shares, and in total, 43 126 shares bought and sold for approximately $193 204.00. 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 (Friday, 22nd Mar 2019) of the PIM stock was $4.48. This is 0.22% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 0.45% from a day low at $4.47 to a day high of $4.49.
30 day high of the PIM stock price was $4.55 and low was $4.39.
90 day high was $4.55 and low was $4.14.
52 week high for the Putnam Master Intermediate Income Trust - $4.82 and low - $4.06.
Putnam Master Intermediate Income Trust lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $4.45 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.88% during the next 3 months and, with 90% probability hold a price between $4.67 and $4.83 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday March 21, 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. Putnam Master Intermediate Income Trust holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $4.51 and $4.48. A break-up above any of these levels will issue buy signals. 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.
* 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.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Putnam Master Intermediate Income Trust finds support from accumulated volume at $4.42.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $4.23 (-5.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Putnam Master Intermediate Income Trust holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.