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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Weaker technical forecast for Putnam Municipal Opportunities Trust as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Putnam Municipal Opportunities Trust stock price fell by -1.36% on the last day (Thursday, 28th Mar 2024) from $10.30 to $10.16. During the last trading day the stock fluctuated 1.28% from a day low at $10.16 to a day high of $10.29. The price has been going up and down for this period, and there has been a -0.68% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 76 thousand shares were bought and sold for approximately $767.83 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 Municipal Opportunities Trust stock with a 90% probability to be traded between $9.93 and $10.41 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.

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PMO Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Putnam Municipal Opportunities 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 $10.24 and $10.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -1.36%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Putnam Municipal Opportunities Trust stock

Putnam Municipal Opportunities Trust finds support from accumulated volume at $10.10 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.130 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 0.83%

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

Trading Expectations (PMO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Putnam Municipal Opportunities Trust to open at $10.20, and during the day (based on 14 day Average True Range), to move between $10.07 and $10.25, which gives a possible trading interval of +/-$0.0948 (+/-0.93%) up or down from last closing price. If Putnam Municipal Opportunities Trust takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.19 (0.30%) than the support at $10.10 (0.59%), 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 Municipal Opportunities Trust stock A Buy?

Putnam Municipal Opportunities 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.911 Sell Candidate Downgraded

Predicted Opening Price for Putnam Municipal Opportunities Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$10.20 ( 0.427%) $10.16

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

Trading levels for PMO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.33 1.71 %
R2 10.28 1.22 %
R1 10.25 0.92 %
Current price: 10.16
Support S1 10.15 -0.0623 %
S2 10.12 -0.364 %
S3 10.07 -0.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.30 1.38 %
R2 10.20 0.394 %
R1 10.19 0.295 %
Current price 10.16
Support S1 10.10 -0.591%
S2 10.08 -0.787%
S3 10.03 -1.28%

PMO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 23, 2024 Apr 23, 2024 May 01, 2024 $0.0350 0.343%
2 Jan 29, 2024 Mar 21, 2024 Apr 01, 2024 $0.0350 0.343%
3 Jan 26, 2024 Feb 22, 2024 Mar 01, 2024 $0.0350 0.344%
4 Nov 17, 2023 Jan 23, 2024 Feb 01, 2024 $0.0350 0.336%
5 Nov 17, 2023 Dec 21, 2023 Jan 02, 2024 $0.0350 0.340%

FAQ

What is the symbol for Putnam Municipal Opportunities Trust Stock and on which exchange is it traded?
The symbol for Putnam Municipal Opportunities Trust is PMO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Putnam Municipal Opportunities Trust Stock?
Putnam Municipal Opportunities 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Putnam Municipal Opportunities Trust Stock?
Putnam Municipal Opportunities Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Putnam Municipal Opportunities Trust Stock.

What's the current price of Putnam Municipal Opportunities Trust Stock?
As of the end of day on the 2024-03-28, the price of an Putnam Municipal Opportunities Trust (PMO) share was $10.16.

What is the 52-week high and low for Putnam Municipal Opportunities Trust Stock?
The 52-week high for Putnam Municipal Opportunities Trust Stock is $10.59 and the 52-week low is $8.57.

What is the market capitalization of Putnam Municipal Opportunities Trust Stock?
As of the 2024-03-28, the market capitalization of Putnam Municipal Opportunities Trust is 323.201M.
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About Putnam Municipal Opportunities Trust

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors. Putnam Municipal Opportunities Trust was formed in 1993 and is domiciled in Unit... PMO Profile

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