CQS New City High Yield Fund Limited Stock Forecast
CQS New City High Yield Fund Limited stock price ended at £51.60 on Wednesday, after losing 0%.
(Updated on Mar 27, 2024)
No changes to the price of CQS New City High Yield Fund Limited stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 1.17% from a day low at £51.40 to a day high of £52.00. The price has risen in 4 of the last 10 days and is up by 1.57% over the past 2 weeks.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £51.66 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect CQS New City High Yield Fund Limited stock with a 90% probability to be traded between £49.79 and £51.95 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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NCYF.L Signals & Forecast
The CQS New City High Yield Fund Limited stock 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 £51.20 and £50.33. 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). 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, March 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for CQS New City High Yield Fund Limited stock
CQS New City High Yield Fund Limited finds support from accumulated volume at £51.00 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 £0.600 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: £49.79 (-3.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (NCYF.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect CQS New City High Yield Fund Limited to open at £51.67, and during the day (based on 14 day Average True Range), to move between £50.71 and £52.49, which gives a possible trading interval of +/-£0.89 (+/-1.72%) up or down from last closing price. If CQS New City High Yield Fund Limited takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £51.00, some £0.600 (1.16%) from the current price of £51.60, our system finds the risk reward attractive.
Is CQS New City High Yield Fund Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for CQS New City High Yield Fund Limited stock to perform well in the short-term period.
Current score: 1.117 Buy Candidate Unchanged
Predicted Opening Price for CQS New City High Yield Fund Limited of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£51.67 ( 0.129%) | £51.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCYF.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.27 | 1.29 % | |
R2 | 52.04 | 0.85 % | ||
R1 | 51.90 | 0.573 % | ||
Current price: | 51.60 | |||
Support | S1 | 51.44 | -0.315 % | |
S2 | 51.30 | -0.589 % | ||
S3 | 51.07 | -1.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 51.60 | |||
Support | S1 | 51.00 | -1.16% | |
S2 | 50.60 | -1.94% | ||
S3 | 50.00 | -3.10% |
NCYF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Jan 25, 2024 | Feb 28, 2024 | £1.00 | 2.01% |
2 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0100 | 0.0209% |
3 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | £0.0149 | 0.0323% |
4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | £1.00 | 2.04% |
5 | Jan 18, 2023 | Jan 26, 2023 | Feb 28, 2023 | £1.00 | 1.97% |
FAQ
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