PIMCO Commercial Mortgage Securities Stock Forecast
PIMCO Commercial Mortgage Securities stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The PIMCO Commercial Mortgage Securities stock price gained 0.360% on the last trading day (Friday, 19th Apr 2024), rising from $8.34 to $8.37. During the last trading day the stock fluctuated 1.81% from a day low at $8.28 to a day high of $8.43. The price has fallen in 6 of the last 10 days and is down by -3.35% for this period. Volume fell on the last day by -8 thousand shares and in total, 11 thousand shares were bought and sold for approximately $88.53 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.28 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.54% during the next 3 months and, with a 90% probability hold a price between $8.74 and $9.46 at the end of this 3-month period.
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PCM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.45%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PIMCO Commercial Mortgage Securities stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $8.41 and $8.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PIMCO Commercial Mortgage Securities stock
PIMCO Commercial Mortgage Securities finds support from accumulated volume at $8.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.150 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: $7.94 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (PCM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect PIMCO Commercial Mortgage Securities Trust Inc to open at $8.36, and during the day (based on 14 day Average True Range), to move between $8.20 and $8.54, which gives a possible trading interval of +/-$0.170 (+/-2.03%) up or down from last closing price. If PIMCO Commercial Mortgage Securities Trust Inc takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.39 (0.24%) than the support at $8.34 (0.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PIMCO Commercial Mortgage Securities Trust Inc stock A Buy?
PIMCO Commercial Mortgage Securities holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.099 Hold/Accumulate Downgraded
Predicted Opening Price for PIMCO Commercial Mortgage Securities Trust Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $8.36 ( 0.119%) | $8.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PCM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.51 | 1.67 % | |
| R2 | 8.45 | 0.99 % | ||
| R1 | 8.42 | 0.565 % | ||
| Current price: | 8.37 | |||
| Support | S1 | 8.30 | -0.80 % | |
| S2 | 8.27 | -1.23 % | ||
| S3 | 8.21 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.74 | 4.42 % | |
| R2 | 8.50 | 1.55 % | ||
| R1 | 8.39 | 0.239 % | ||
| Current price | 8.37 | |||
| Support | S1 | 8.34 | -0.358% | |
| S2 | 8.26 | -1.31% | ||
| S3 | 8.24 | -1.55% |
PCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.0800 | 0.95% |
| 2 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.0800 | 0.94% |
| 3 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.0800 | 0.97% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0800 | 0.99% |
| 5 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.0800 | 1.02% |
FAQ
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