Pioneer Diversified High Income Trust Stock Forecast

Stronger technical forecast for Pioneer Diversified High Income Trust stock price after Thursday trading.
(Updated on Apr 18, 2024)

HNW Signals & Forecast

There are few to no technical positive signals at the moment. The Pioneer Diversified 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 $11.52 and $11.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -4.17%. 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). Pioneer Diversified High Income Trust 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 Pioneer Diversified High Income Trust stock

Pioneer Diversified High Income Trust finds support from accumulated volume at $11.20 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 $0.0400 between high and low, or 0.352%. For the last week the stock has had daily average volatility of 0.82%.

Pioneer Diversified High Income Trust is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $10.91 (-4.12%) (This stock has low daily movements and this gives low risk. Low RSI14 is 19 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (HNW) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Pioneer Diversified High Income Trust Pioneer Diversified High Income Trust Common Shares of Beneficial Interest to open at $11.37, and during the day (based on 14 day Average True Range), to move between $11.28 and $11.48, which gives a possible trading interval of +/-$0.100 (+/-0.88%) up or down from last closing price. If Pioneer Diversified High Income Trust Pioneer Diversified High Income Trust Common Shares of Beneficial Interest takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.20 (1.57%) than the resistance at $11.71 (2.90%), 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 Diversified High Income Trust Pioneer Diversified High Income Trust Common Shares of Beneficial Interest stock A Buy?

Pioneer Diversified 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.504 Hold/Accumulate Upgraded

Predicted Opening Price for Pioneer Diversified High Income Trust Pioneer Diversified High Income Trust Common Shares of Beneficial Interest of Friday, April 19, 2024

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