AllianzGI Diversified Income & Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for AllianzGI Diversified Income & stock after losing 1.35%
(Updated on Apr 30, 2024)
The AllianzGI Diversified Income & stock price fell by -1.35% on the last day (Tuesday, 30th Apr 2024) from $22.28 to $21.98. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.60% from a day low at $21.50 to a day high of $22.49. The price has been going up and down for this period, and there has been a 0.18% gain for the last 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 56 thousand shares were bought and sold for approximately $1.22 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $21.91 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect AllianzGI Diversified Income & stock with a 90% probability to be traded between $22.05 and $24.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ACV Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.411%. 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 AllianzGI Diversified Income & 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 $22.40 and $23.16. 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). AllianzGI Diversified Income & gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for AllianzGI Diversified Income & stock
AllianzGI Diversified Income & finds support from accumulated volume at $21.94 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.99 between high and low, or 4.60%. For the last week, the stock has had daily average volatility of 4.25%.
Our recommended stop-loss: $20.82 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ACV) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect AllianzGI Diversified Income & Convertible Fund to open at $21.99, and during the day (based on 14 day Average True Range), to move between $21.38 and $22.58, which gives a possible trading interval of +/-$0.601 (+/-2.73%) up or down from last closing price. If AllianzGI Diversified Income & Convertible Fund takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.94 (0.18%) than the resistance at $22.28 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AllianzGI Diversified Income & Convertible Fund stock A Buy?
AllianzGI Diversified Income & 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: -0.234 Hold/Accumulate Unchanged
Predicted Opening Price for AllianzGI Diversified Income & Convertible Fund of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $21.99 ( 0.0455%) | $21.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.98 | 4.55 % | |
| R2 | 22.60 | 2.83 % | ||
| R1 | 22.37 | 1.77 % | ||
| Current price: | 21.98 | |||
| Support | S1 | 21.61 | -1.68 % | |
| S2 | 21.38 | -2.74 % | ||
| S3 | 21.00 | -4.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.45 | 6.69 % | |
| R2 | 22.44 | 2.09 % | ||
| R1 | 22.28 | 1.36 % | ||
| Current price | 21.98 | |||
| Support | S1 | 21.94 | -0.182% | |
| S2 | 21.92 | -0.273% | ||
| S3 | 21.89 | -0.409% |
ACV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 27, 2024 | $0.180 | 0.82% |
| 2 | May 10, 2024 | May 10, 2024 | May 30, 2024 | $0.180 | 0.82% |
| 3 | Apr 10, 2024 | Apr 10, 2024 | Apr 29, 2024 | $0.180 | 0.81% |
| 4 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.180 | 0.752% |
| 5 | Nov 21, 2023 | Feb 09, 2024 | Feb 28, 2024 | $0.180 | 0.80% |
FAQ
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