DWS Strategic Municipal Income Trust ($KSM) Navigates a 0.93% Drawdown: Unraveling the Numbers
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📈 DWS Strategic Municipal Income Trust (KSM) Signals Uptrend: Navigating the Current Financial Landscape 📊
Introduction:
In the dynamic world of trading, every hint and signal can carry weight. Recent movements of DWS Strategic Municipal Income Trust (KSM, $8.11) have caught the attention of savvy traders and analysts alike. Let's dissect these indicators and delve deeper into what they could signify for KSM.
RSI Shifts Course:
🚦 The Relative Strength Index (RSI) for KSM recently exited the oversold territory on August 25, 2023. Historically, this movement has signaled a potential shift from a downtrend to an uptrend. Traders might want to consider buying opportunities or probing call options. With an encouraging 75% success rate in 32 similar instances, the odds seem favorable.
Trend Analysis:
⚠️ However, a word of caution! KSM's 10-day moving average took a bearish turn below its 50-day moving average on August 10, 2023. Such crosses often indicate a potential downtrend. Past data suggests that in 73% of the cases, the stock continued its descent in the month following this cross.
Industry Spotlight:
💼 DWS Strategic Municipal Income Trust stands out as a diversified management investment company in the closed-end category. Committed to delivering high levels of tax-exempt income, the fund is vested heavily in tax-exempt municipal securities. The diverse range of products under its umbrella includes ETFs, Mutual Funds, Closed-End-Funds, Money Market Funds, and more.
Recent Performance:
📊 Over the past week, KSM has seen a slight uptick, gaining +0.12%. Despite the modest gains, the ETF faced a drawdown of -0.93% during this period, with an average daily trading volume of 1955 shares.
Comparative Analysis:
🔍 A fascinating insight from the A.I.dvisor pinpoints the correlation between KSM and NVG. Over the past year, they've been poorly correlated 31% of the time, hinting at a low likelihood that their prices will mirror each other.
While the RSI suggests optimism for KSM, the moving average indicators remind us of the importance of caution. As always, diversifying investments and staying updated on industry trends can offer insights and mitigate potential risks. Remember, informed decisions often lead to better outcomes! 💡📊📉📈
Momentum Indicator for KSM turns negative, indicating new downward trend
KSM saw its Momentum Indicator move below the 0 level on September 11, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 68 similar instances where the indicator turned negative. In of the 68 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for KSM turned negative on September 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 50-day moving average for KSM moved below the 200-day moving average on September 19, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KSM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for KSM entered a downward trend on September 25, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KSM advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
KSM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| BIGUX | 24.10 | -0.34 | -1.39% |
| Baron International Growth R6 | |||
| MITGX | 30.62 | -0.46 | -1.48% |
| MFS Massachusetts Investors Tr R1 | |||
| JHCPX | 12.39 | -0.20 | -1.59% |
| JHFunds2 Capital Appreciation NAV | |||
| RRGTX | 6.10 | -0.11 | -1.77% |
| DWS RREEF Global Real Estate Secc S | |||
| QUSVX | 15.74 | -0.31 | -1.93% |
| CCM Small/Mid-Cap Impct Val Fd Advisor | |||
KSM and
Correlation & Price change
A.I.dvisor indicates that over the last year, KSM has been loosely correlated with NVG. These tickers have moved in lockstep 34% of the time. This A.I.-generated data suggests there is some statistical probability that if KSM jumps, then NVG could also see price increases.