+Compare
DMO
ETF ticker: NYSE
AS OF
Loading...
Price
Loading...
Change
Loading...
Net Assets
135.01M

DMO Western Asset Mortgage Opportunity Fund Forecast, Technical & Fundamental Analysis

Category Unknown
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for DMO with price predictions
07:00 PM EST Dec 03, 2023

DMO in downward trend: price may drop because broke its higher Bollinger Band on November 21, 2023

DMO broke above its upper Bollinger Band on November 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 28 similar instances where the stock broke above the upper band. In of the 28 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 55 cases where DMO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for DMO turned negative on December 04, 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 55 similar instances when the indicator turned negative. In of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DMO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on DMO as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

DMO moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for DMO crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 188 cases where DMO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Western Asset Mortgage Defined Opportunity Fund Inc is a non-diversified, limited-term, closed-end management investment company. The fund's primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing primarily in a diverse portfolio of mortgage-backed securities, consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
Ad is loading...
A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Intermediate Core-Plus Bond
Address
Western Asset Mortgage Defined Opportunity Fund Inc.55 Water StreetNew York
Phone
(888) 777-0102
Web
www.leggmason.com/cef
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
MFs / NAMEPrice $Chg $Chg %
FSRFX101.93N/A
N/A
Fidelity® Select Transportation
PCODX26.90N/A
N/A
Pioneer C
IRLSX60.85N/A
N/A
Voya Russell Large Cap Growth Idx Port S
UGPSX22.25N/A
N/A
ProFunds UltraChina Service
NWZLX15.65N/A
N/A
Nationwide Loomis All Cap Gr A

DMO and

Correlation & Price change

A.I.dvisor indicates that over the last year, DMO has been loosely correlated with SJNK. These tickers have moved in lockstep 47% of the time. This A.I.-generated data suggests there is some statistical probability that if DMO jumps, then SJNK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DMO
1D Price
Change %
DMO100%
-0.47%
SJNK - DMO
47%
Loosely correlated
-0.16%
USHY - DMO
46%
Loosely correlated
-0.22%
SHYG - DMO
46%
Loosely correlated
-0.12%
HYG - DMO
46%
Loosely correlated
-0.23%
JNK - DMO
46%
Loosely correlated
-0.25%
More