Delaware Investments Natnl Mncpl Incm Fd Stock Forecast
Delaware Investments Natnl Mncpl Incm Fd stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Delaware Investments Natnl Mncpl Incm Fd stock price fell by -0.152% on the last day (Monday, 22nd Apr 2024) from $9.90 to $9.89. During the last trading day the stock fluctuated 0.762% from a day low at $9.84 to a day high of $9.92. The price has fallen in 5 of the last 10 days and is down by -1.54% for this period. 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 -11 thousand shares and in total, 25 thousand shares were bought and sold for approximately $248.39 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $9.80 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Delaware Investments Natnl Mncpl Incm Fd stock with a 90% probability to be traded between $9.67 and $10.17 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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VFL Signals & Forecast
There are few to no technical positive signals at the moment. The Delaware Investments Natnl Mncpl Incm Fd 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 $9.91 and $10.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -5.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Delaware Investments Natnl Mncpl Incm Fd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0750 between high and low, or 0.762%. For the last week the stock has had daily average volatility of 0.618%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VFL) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Delaware Investments Natnl Mncpl Incm Fd to open at $9.88, and during the day (based on 14 day Average True Range), to move between $9.81 and $9.96, which gives a possible trading interval of +/-$0.0735 (+/-0.74%) up or down from last closing price. If Delaware Investments Natnl Mncpl Incm Fd takes out the full calculated possible swing range there will be an estimated 1.49% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.20, some $0.315 (3.19%) from the current price of $9.89, our system finds the risk reward not very attractive.
Is Delaware Investments Natnl Mncpl Incm Fd stock A Buy?
Delaware Investments Natnl Mncpl Incm Fd holds several negative signals and is within a 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: -1.808 Sell Candidate Downgraded
Predicted Opening Price for Delaware Investments Natnl Mncpl Incm Fd of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$9.88 ( 0.0506%) | $9.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VFL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.96 | 0.708 % | |
R2 | 9.93 | 0.418 % | ||
R1 | 9.91 | 0.239 % | ||
Current price: | 9.89 | |||
Support | S1 | 9.85 | -0.340 % | |
S2 | 9.83 | -0.519 % | ||
S3 | 9.81 | -0.81 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.42 | 5.41 % | |
R2 | 10.21 | 3.24 % | ||
R1 | 10.20 | 3.19 % | ||
Current price | 9.89 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
VFL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0450 | 0.455% |
2 | Mar 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0375 | 0.362% |
3 | Feb 21, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.0375 | 0.365% |
4 | Dec 14, 2023 | Jan 23, 2024 | Jan 31, 2024 | $0.0375 | 0.369% |
5 | Dec 11, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.0325 | 0.315% |
FAQ
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