TCW Strategic Income Fund Inc Forecast and Stock Analysis
Technical TSI.L stock analysis for February 15, 2019.
|Shorts||0.22% ( 2013-01-15 )|
No changes to the price of TCW Strategic Income Fund Inc in the last trading day. The price has risen in 4 of the last 10 days and is up by 25% over the past 2 weeks.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the TSI.L stock was £0.10.
During day the stock fluctuated 11.11% from a day low at £0.09 to a day high of £0.10.
30 day high of the TSI.L stock price was £0.15 and low was £0.07.
90 day high was £0.15 and low was £0.07.
52 week high for the TCW Strategic Income Fund Inc - £0.40 and low - £0.07.
TCW Strategic Income Fund Inc lies in the middle of a very wide and 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 -19.37% during the next 3 months and, with 90% probability hold a price between £0.05 and £0.09 at the end of this period.
TCW Strategic Income Fund Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £0.10. On a fall, the stock will find some support from the long-term average at approximately £0.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday February 12, 2019, 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £0.09 and £0.09.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TCW Strategic Income Fund Inc finds support just below today's level at £0.09. If this is broken, then the next support from accumulated volume will be at £0.09 and £0.09.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.01 between high and low, or 11.11%. For the last week the stock has had a daily average volatility of 14.42%.
Our recommended stoploss: £0.09 (-7.42%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)
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TCW Strategic Income Fund Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.