TCW Strategic Income Fund Inc Fund Forecast
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:
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
A very strong day for TCW Strategic Income Fund Inc fund price on Tuesday
(Updated on Sep 01, 2020)
The TCW Strategic Income Fund Inc fund price gained 16.67% on the last trading day (Tuesday, 1st Sep 2020), rising from £0.0012 to £0.0014. During the last trading day the fund fluctuated 0% from a day low at £0.0014 to a day high of £0.0014. The price has been going up and down for this period, and there has been a 75% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 million more shares were traded than the day before. In total, 50 million shares were bought and sold for approximately £69.88 thousand.
The fund lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £0.0014 will firstly indicate a stronger rate of rising. Given the current short-term trend, the fund is expected to rise 44.00% during the next 3 months and, with a 90% probability hold a price between £0.0015 and £0.0021 at the end of this 3-month period.
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TSI.L Signals & Forecast
The TCW Strategic Income Fund Inc fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £0.0011 and £0.0009. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). TCW Strategic Income Fund Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TCW Strategic Income Fund Inc fund
On the downside, the fund finds support just below today's level from accumulated volume at £0.0012. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the fund price.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved £0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%.
Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (TSI.L) For The Upcoming Trading Day Of Wednesday 2nd
With no resistance above and support from accumulated volume @ £0.0012, some £0.0002 (14.29%) from the current price of £0.0014, our system finds the risk reward attractive.
Is TCW Strategic Income Fund Inc fund A Buy?
TCW Strategic Income Fund Inc 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for TCW Strategic Income Fund Inc of Wednesday, September 2, 2020
| Fair opening price September 2, 2020 | Current price |
|---|---|
| £0.0014 ( 0%) | £0.0014 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0014 | . | |
| R2 | 0.0014 | . | ||
| R1 | 0.0014 | . | ||
| Current price: | 0.0014 | |||
| Support | S1 | 0.0014 | . | |
| S2 | 0.0014 | . | ||
| S3 | 0.0014 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0014 | |||
| Support | S1 | 0.0012 | -14.29% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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