Putnam Municipal Opportunities Trust Forecast and Stock Analysis
Technical PMO stock analysis for March 22, 2019.
|Shorts||0.14% ( 2013-01-15 )|
Putnam Municipal Opportunities Trust gained 0.58% in the last trading day, rising from $12.17 to $12.24 The price has risen in 5 of the last 10 days and is up by 0.82% over the past 2 weeks. Volume fell in the last day by -62 321 shares, and in total, 31 648 shares bought and sold for approximately $387 372.00. 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 PMO stock was $12.24. This is 0.58% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 0.57% from a day low at $12.19 to a day high of $12.26.
30 day high of the PMO stock price was $12.30 and low was $12.00.
90 day high was $12.30 and low was $11.21.
52 week high for the Putnam Municipal Opportunities Trust - $12.30 and low - $10.85.
Putnam Municipal Opportunities Trust 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 7.4% during the next 3 months and, with 90% probability hold a price between $12.93 and $13.38 at the end of this period.
Putnam Municipal Opportunities 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 $12.16 and $12.04. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday December 28, 2018, 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.
* 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 65 and the stock is currently not being overbought or oversold
Support & Resistance
Putnam Municipal Opportunities Trust finds support from accumulated volume at $11.72.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $11.84 (-3.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 57 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.