RSI low/high Values: [ 15 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NCYF.L
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CQS New City High Yield Fund Limited stock price ended at £51.60 on Wednesday, after losing 0%.
(Updated on Mar 27, 2024)

Buy candidate since Mar 22, 2024 Gain 0.39% PDF

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.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Friday, February 23, 2024 with a target of £51.46. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

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


# Declaration Date 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

What is the symbol for CQS New City High Yield Fund Limited Stock and on which exchange is it traded?
The symbol for CQS New City High Yield Fund Limited is NCYF.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell CQS New City High Yield Fund Limited Stock?
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.

How to buy CQS New City High Yield Fund Limited Stock?
CQS New City High Yield Fund Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CQS New City High Yield Fund Limited Stock.

What's the current price of CQS New City High Yield Fund Limited Stock?
As of the end of day on the 2024-03-27, the price of an CQS New City High Yield Fund Limited (NCYF.L) share was £51.60.

What is the 52-week high and low for CQS New City High Yield Fund Limited Stock?
The 52-week high for CQS New City High Yield Fund Limited Stock is £52.08 and the 52-week low is £43.00.

What is the market capitalization of CQS New City High Yield Fund Limited Stock?
As of the 2024-03-27, the market capitalization of CQS New City High Yield Fund Limited is 277.016M.

When is the next earnings date for CQS New City High Yield Fund Limited?
The upcoming earnings date for CQS New City High Yield Fund Limited is Sep 12, 2024.
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About CQS New City High Yield Fund Limited

CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds. It uses a value approach to create its portfolio. The fund was formerly known as New City High Yield Fund Limited. CQS New City ... NCYF.L Profile

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