CHY stock: buy or sell?

CHY stock price: $13.29 1.37% At close on Nov 23rd, 2020

Updated on:
Nov 24th, 2020

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CHY stock brief

  • Calamos Convertible and High Income inched a 1.37% after making all-time highs on Monday
  • Calamos Convertible and High Income gained a 7.61% in 10 consecutive sessions in red
  • Calamos Convertible and High Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC.

Should I buy Calamos Convertible and High Income stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CHY stock a buy?

In the current situation of Calamos Convertible and High Income there is not any eligible buy setup. This doesn't mean we expect a selloff for $CHY in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Calamos Convertible and High Income stock?

Do you know when is it time to sell Calamos Convertible and High Income stock?. Trading strategies let us to avoid impulsive decisions based on our sentiments or the noise that surrounds the market. We like very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups are not intended for shorting Calamos Convertible and High Income stock

A guiding principle is that you must never keep an operation that produces greater losses than those expected upon purchase. The timing to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell Calamos Convertible and High Income stock?

In the current situation of Calamos Convertible and High Income there is not any eligible sell setup, so Calamos Convertible and High Income stock holders with operations in green can keep their positions

Calamos Convertible and High Income ratings

We don't have any rating posted in the last 30 days for Calamos Convertible and High Income

Calamos Convertible and High Income stock analysis

Calamos Convertible and High Income stock started an uptrend last March, and gained a gorgeous 153.63%. The chart shows higher peaks and higher troughs, and along the way provided some buy points for those who wanted to enter. Latest pullback was in late October, when price bounced at $11.37. On November 11, Calamos Convertible and High Income broke out above its last top ($12.45) giving a good entry point

$CHY at Highs

On Monday, Calamos Convertible and High Income hit all-time highs (ATH) again at $13.37. Stock rallied fast in the last 2 weeks, cracking new all-time highs 7 times

SMAs overview

CHY stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current support levels are:

  • S1: $12.45 (-6.32% below)
  • S2: $12.42 (-6.55% below)
  • S3: $11.49 (-13.54% below)
  • Bollinger bands

    The price is trading near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    CHY stock Bollinger Bands chart

    Relative strength index

    Relative strength (RSI) crossed up the overbought line Monday, marking a reading of 78.13. Contrary to what many investors may think, the fact that the RSI value is in the overbought zone does not imply a sell point, as shares can climb during several weeks being above the level of 70

    CHY stock RSI chart

    Calamos Convertible and High Income stock price history

    Calamos Convertible and High Income started trading on May 29th, 2003 at $3.04 per share1. Since then, CHY stock has risen by 337.17%, with an average of 19.83% per year. If you had invested $1,000USD in Calamos Convertible and High Income stock on May 2003, it would have a value of $4,371.71 today.

    1: Adjusted price after possible price splits or reverse-splits

    CHY stock price history chart

    Price target for Calamos Convertible and High Income stock

    Nobody knows how much a stock will be priced in the future. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and usually. Again, these estimates are not direct recommendations for individual traders and should not be trusted blindly.

    We don't have any target price posted in the previous month for Calamos Convertible and High Income.

    Earnings and financials

    Calamos Convertible and High Income ($CHY) hosted the shareholders event and presented the FQ2 report last July.

    This compares to Earnings of $0.17 per share a year ago, so current EPS is a decrease of -252.94%.

    CHY ($CHY) is hosting the earnings call.

    Financial reporting day has an additional risk for stock traders as the information disclosed can soar and sink the stock price with very low liquidity and not honouring your buy or stop-loss orders. You can probably find more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://fundinvestor.calamos.com/ClosedEndFunds/CEF.

    Calamos Convertible and High Income performance

    CHY performance compared
    Company1m3m6m
    Calamos Convertible and High Income ($CHY) 9.80% 10.80% 30.90%

    Please read:
    The opinions published in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the specific positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for educative purposes only

    CHY summary

    Monday, November 23rd, 2020
    Open$13.14
    Close$13.29
    Day range$13.11 - $13.37
    Previous close$13.11
    Session gain1.37%
    Average true range$0.31
    50d mov avg$12.04
    100d mov avg$11.83
    200d mov avg$10.73
    Earnings dateDecember 31st, 1969

    Frequently asked questions

    What is Calamos Convertible and High Income stock symbol?

    Calamos Convertible and High Income Fund is a public company trading in the US stock market with the CHY symbol

    Is Calamos Convertible and High Income stock a buy or sell?

    Calamos Convertible and High Income had no ratings in the last four weeks Read the article to get additional tips on trading CHY stock.

    Will CHY go up?

    There were no predictions issued by analysts in the last 30 days for Calamos Convertible and High Income.