Putnam Master Intermediate Income Trust Stock Forecast

Putnam Master Intermediate Income Trust stock price down 0% on Thursday
(Updated on Apr 18, 2024)

PIM Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.98%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Putnam Master 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 $3.11 and $3.16. 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).

Support, Risk & Stop-loss for Putnam Master Intermediate Income Trust stock

Putnam Master Intermediate Income Trust finds support from accumulated volume at $3.09 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 $0.0148 between high and low, or 0.478%. For the last week the stock has had daily average volatility of 1.46%.

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

Trading Expectations (PIM) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Putnam Master Intermediate Income Trust to open at $3.10, and during the day (based on 14 day Average True Range), to move between $3.07 and $3.13, which gives a possible trading interval of +/-$0.0318 (+/-1.03%) up or down from last closing price. If Putnam Master Intermediate Income Trust takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.09 (0.32%) than the resistance at $3.16 (1.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Putnam Master Intermediate Income Trust stock A Buy?

Putnam Master 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: -1.407 Sell Candidate Unchanged

Predicted Opening Price for Putnam Master Intermediate Income Trust of Friday, April 19, 2024

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