Columbia Seligman Premium Technology Stock Forecast
Columbia Seligman Premium Technology stock price up 2.43% on Friday
(Updated on Apr 26, 2024)
The Columbia Seligman Premium Technology stock price gained 2.43% on the last trading day (Friday, 26th Apr 2024), rising from $30.43 to $31.17. During the last trading day the stock fluctuated 2.24% from a day low at $30.65 to a day high of $31.33. The price has been going up and down for this period, and there has been a -0.48% loss for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 36 thousand shares were bought and sold for approximately $1.12 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.12% during the next 3 months and, with a 90% probability hold a price between $26.95 and $29.49 at the end of this 3-month period. 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.
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STK Signals & Forecast
There are mixed signals in the stock today. The Columbia Seligman Premium Technology stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $31.43. On a fall, the stock will find some support from the short-term average at $30.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.45%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Columbia Seligman Premium Technology stock
Columbia Seligman Premium Technology finds support from accumulated volume at $30.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.685 between high and low, or 2.24%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: $29.92 (-4.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (STK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Columbia Seligman Premium Technology Growth Fund Inc to open at $31.05, and during the day (based on 14 day Average True Range), to move between $30.53 and $31.81, which gives a possible trading interval of +/-$0.645 (+/-2.07%) up or down from last closing price. If Columbia Seligman Premium Technology Growth Fund Inc takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.81 (2.05%) than the support at $30.22 (3.05%), 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 Columbia Seligman Premium Technology Growth Fund Inc stock A Buy?
Columbia Seligman Premium Technology holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.135 Hold/Accumulate Unchanged
Predicted Opening Price for Columbia Seligman Premium Technology Growth Fund Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $31.05 ( 0.390%) | $31.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.73 | 1.81 % | |
| R2 | 31.47 | 0.97 % | ||
| R1 | 31.31 | 0.449 % | ||
| Current price: | 31.17 | |||
| Support | S1 | 30.79 | -1.23 % | |
| S2 | 30.63 | -1.75 % | ||
| S3 | 30.36 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.74 | 5.04 % | |
| R2 | 31.87 | 2.25 % | ||
| R1 | 31.81 | 2.05 % | ||
| Current price | 31.17 | |||
| Support | S1 | 30.22 | -3.05% | |
| S2 | 29.73 | -4.62% | ||
| S3 | 29.56 | -5.17% |
STK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Feb 16, 2024 | Feb 27, 2024 | $0.463 | 1.41% |
| 2 | Dec 08, 2023 | Dec 15, 2023 | Jan 23, 2024 | $0.267 | 0.82% |
| 3 | Nov 03, 2023 | Nov 10, 2023 | Nov 21, 2023 | $0.463 | 1.53% |
| 4 | Aug 04, 2023 | Aug 11, 2023 | Aug 22, 2023 | $0.463 | 1.58% |
| 5 | May 05, 2023 | May 12, 2023 | May 23, 2023 | $0.463 | 1.66% |
FAQ
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