After Forming Bullish Descending Triangle Pattern, Is Deutsche Strategic Municipal Income Trust (KSM)’s Near-Term Analysis Positive?

September 14, 2018 - By Glen Chin

Investors sentiment decreased to 0.58 in 2018 Q2. Its down 1.75, from 2.33 in 2018Q1. It worsened, as 6 investors sold Deutsche Strategic Municipal Income Trust shares while 6 reduced holdings. 4 funds opened positions while 3 raised stakes. 906,774 shares or 26.48% less from 1.23 million shares in 2018Q1 were reported.
Ionic Capital Mgmt Ltd Liability Corp invested in 0.01% or 16,320 shares. Mariner Inv Grp Limited Liability Company invested in 1.23% or 52,660 shares. Limited Liability holds 0.02% or 26,375 shares in its portfolio. Raymond James Fincl Svcs Advsrs has 18,480 shares for 0% of their portfolio. Capital Advisers Limited Liability Com stated it has 10,150 shares or 0% of all its holdings. Guggenheim Capital Ltd reported 0.02% in Deutsche Strategic Municipal Income Trust (NYSE:KSM). Robinson Capital Mngmt Ltd owns 312,230 shares or 0.99% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Deutsche Strategic Municipal Income Trust (NYSE:KSM). Northwestern Mutual Wealth Mngmt reported 0% stake. Us Fincl Bank De has invested 0% in Deutsche Strategic Municipal Income Trust (NYSE:KSM). National Bank Of America Corporation De owns 0% invested in Deutsche Strategic Municipal Income Trust (NYSE:KSM) for 8,221 shares. Wells Fargo And Mn holds 54,689 shares. Royal Bankshares Of Canada reported 101,377 shares. Manufacturers Life Insurance The owns 1,509 shares or 0% of their US portfolio. The California-based Lpl Ltd has invested 0% in Deutsche Strategic Municipal Income Trust (NYSE:KSM).

The stock of Deutsche Strategic Municipal Income Trust (KSM) formed a descending triangle with $11.53 target or 8.00 % above today’s $10.68 share price. The 5 months triangle pattern indicates low risk for the $119.66M company. If the $11.53 price target is reached, the company will be worth $9.57 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.28% or $0.03 during the last trading session, reaching $10.68. About 52,766 shares traded or 47.58% up from the average. Deutsche Strategic Municipal Income Trust (NYSE:KSM) has declined 12.74% since September 14, 2017 and is downtrending. It has underperformed by 28.36% the S&P500.

Another recent and important Deutsche Strategic Municipal Income Trust (NYSE:KSM) news was published by Businesswire.com which published an article titled: “DWS Closed-End Funds Announce Results of Annual Meeting of Shareholders” on September 12, 2018.

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