Pioneer High Income Trust Stock Forecast

Red day on Thursday for Pioneer High Income Trust stock after losing 0.409%
(Updated on Apr 25, 2024)

PHT Signals & Forecast

There are few to no technical positive signals at the moment. The Pioneer High Income Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.34 and $7.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -4.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Pioneer High Income Trust stock

Pioneer High Income Trust finds support from accumulated volume at $7.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0700 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.80%

Pioneer High Income Trust is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $6.96 (-4.74%) (This stock has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (PHT) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Pioneer High Income Trust to open at $7.29, and during the day (based on 14 day Average True Range), to move between $7.23 and $7.39, which gives a possible trading interval of +/-$0.0806 (+/-1.10%) up or down from last closing price. If Pioneer High Income Trust takes out the full calculated possible swing range there will be an estimated 2.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.30 (0.14%) than the resistance at $7.33 (0.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pioneer High Income Trust stock A Buy?

Pioneer High Income Trust 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.

Current score: -0.719 Hold/Accumulate Unchanged

Predicted Opening Price for Pioneer High Income Trust of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.