TCW Strategic Income Fund Inc Stock Forecast
Red day on Wednesday for TCW Strategic Income Fund Inc stock after losing 0.163%
(Updated on Apr 24, 2024)
The TCW Strategic Income Fund Inc stock price fell by -0.163% on the last day (Wednesday, 24th Apr 2024) from $4.61 to $4.60. During the last trading day the stock fluctuated 0.654% from a day low at $4.59 to a day high of $4.62. The price has fallen in 6 of the last 10 days and is down by -1.29% for this period. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 68 thousand shares were bought and sold for approximately $310.65 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $4.59 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect TCW Strategic Income Fund Inc stock with a 90% probability to be traded between $4.50 and $4.70 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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TSI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.218%. Further rise is indicated 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. The TCW Strategic Income Fund Inc 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 $4.60 and $4.68. 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). TCW Strategic Income Fund Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for TCW Strategic Income Fund Inc stock
TCW Strategic Income Fund Inc finds support from accumulated volume at $4.59 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 0.654%. For the last week the stock has had daily average volatility of 0.96%.
TCW Strategic Income Fund Inc is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect TCW Strategic Income Fund Inc to open at $4.60, and during the day (based on 14 day Average True Range), to move between $4.55 and $4.65, which gives a possible trading interval of +/-$0.0489 (+/-1.06%) up or down from last closing price. If TCW Strategic Income Fund Inc takes out the full calculated possible swing range there will be an estimated 2.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.59 (0.20%) than the resistance at $4.67 (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TCW Strategic Income Fund Inc stock A Buy?
TCW Strategic Income Fund Inc 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: -1.413 Sell Candidate Unchanged
Predicted Opening Price for TCW Strategic Income Fund Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $4.60 ( 0.0725%) | $4.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.63 | 0.725 % | |
| R2 | 4.62 | 0.476 % | ||
| R1 | 4.61 | 0.322 % | ||
| Current price: | 4.60 | |||
| Support | S1 | 4.59 | -0.177 % | |
| S2 | 4.58 | -0.331 % | ||
| S3 | 4.57 | -0.580 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.81 | 4.57 % | |
| R2 | 4.69 | 1.96 % | ||
| R1 | 4.67 | 1.52 % | ||
| Current price | 4.60 | |||
| Support | S1 | 4.59 | -0.196% | |
| S2 | 4.59 | -0.217% | ||
| S3 | 0 | . |
TSI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0600 | 1.29% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.115 | 2.44% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.0600 | 1.31% |
| 4 | Jun 16, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.0600 | 1.28% |
| 5 | Mar 17, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.0600 | 1.27% |
FAQ
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