Pimco Corporate & Income Opportunity Stock Forecast

Pimco Corporate & Income Opportunity stock price ended at $14.23 on Monday, after gaining 0.353%.
(Updated on May 20, 2024)

PTY Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pimco Corporate & Income Opportunity stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.25. On a fall, the stock will find some support from the short-term average at $14.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -1.93%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Pimco Corporate & Income Opportunity stock

Pimco Corporate & Income Opportunity finds support from accumulated volume at $14.21 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0700 between high and low, or 0.494%. For the last week the stock has had daily average volatility of 0.502%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PTY) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Pimco Corporate & Income Opportunity Fund to open at $14.22, and during the day (based on 14 day Average True Range), to move between $14.09 and $14.37, which gives a possible trading interval of +/-$0.140 (+/-0.98%) up or down from last closing price. If Pimco Corporate & Income Opportunity Fund takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.21 (0.14%) than the resistance at $14.30 (0.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pimco Corporate & Income Opportunity Fund stock A Buy?

Pimco Corporate & Income Opportunity holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.967 Sell Candidate Unchanged

Predicted Opening Price for Pimco Corporate & Income Opportunity Fund of Tuesday, May 21, 2024

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