Putnam Master Intermediate Income Trust 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
Putnam Master Intermediate Income Trust stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)
The Putnam Master Intermediate Income Trust stock price gained 0.163% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.19 to $3.20. During the last trading day the stock fluctuated 0.94% from a day low at $3.19 to a day high of $3.22. The price has risen in 5 of the last 10 days and is up by 0.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 thousand more shares were traded than the day before. In total, 56 thousand shares were bought and sold for approximately $179.07 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Putnam Master Intermediate Income Trust stock with a 90% probability to be traded between $3.10 and $3.18 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PIM Signals & Forecast
Mostly positive signals in the chart today. The Putnam Master Intermediate Income Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.19 and $3.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Putnam Master Intermediate Income Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Monday, March 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 25, 2023.
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.
Golden Star
The stock had a Golden Star Signal on Monday, March 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 25, 2023.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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, March 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 25, 2023.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 Putnam Master Intermediate Income Trust stock
Putnam Master Intermediate Income Trust finds support from accumulated volume at $3.19 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 $0.0300 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 0.575%.
Our recommended stop-loss: $3.01 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (PIM) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Putnam Master Intermediate Income Trust to open at $3.20, and during the day (based on 14 day Average True Range), to move between $3.17 and $3.22, which gives a possible trading interval of +/-$0.0231 (+/-0.72%) 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 1.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.20 (0.15%) than the support at $3.19 (0.16%), 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 Putnam Master Intermediate Income Trust stock A Buy?
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 Putnam Master Intermediate Income Trust stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.787 Buy Candidate Upgraded
Predicted Opening Price for Putnam Master Intermediate Income Trust of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$3.20 ( 0.204%) | $3.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PIM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.23 | 1.14 % | |
R2 | 3.22 | 0.785 % | ||
R1 | 3.21 | 0.563 % | ||
Current price: | 3.20 | |||
Support | S1 | 3.19 | -0.154 % | |
S2 | 3.18 | -0.376 % | ||
S3 | 3.17 | -0.734 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.23 | 1.09 % | |
R2 | 3.21 | 0.463 % | ||
R1 | 3.20 | 0.150 % | ||
Current price | 3.20 | |||
Support | S1 | 3.19 | -0.163% | |
S2 | 3.17 | -0.789% | ||
S3 | 3.16 | -1.10% |
PIM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 23, 2024 | Apr 23, 2024 | May 01, 2024 | $0.0220 | 0.688% |
2 | Jan 29, 2024 | Mar 21, 2024 | Apr 01, 2024 | $0.0220 | 0.688% |
3 | Feb 22, 2024 | Feb 22, 2024 | Mar 01, 2024 | $0.0220 | 0.688% |
4 | Nov 17, 2023 | Jan 23, 2024 | Feb 01, 2024 | $0.0220 | 0.675% |
5 | Nov 17, 2023 | Dec 21, 2023 | Jan 02, 2024 | $0.0220 | 0.685% |
FAQ
Click here for our free guide on how to buy Putnam Master Intermediate Income Trust Stock.