Pioneer Diversified High Income Trust 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
Pioneer Diversified High Income Trust stock price ended at $11.51 on Wednesday, after gaining 0.480%.
(Updated on May 01, 2024)
The Pioneer Diversified High Income Trust stock price gained 0.480% on the last trading day (Wednesday, 1st May 2024), rising from $11.45 to $11.51. During the last trading day the stock fluctuated 0.611% from a day low at $11.46 to a day high of $11.53. The price has risen in 6 of the last 10 days and is up by 0.57% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 16 thousand shares were bought and sold for approximately $187.13 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 $11.40 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 3.85% during the next 3 months and, with a 90% probability hold a price between $11.84 and $12.51 at the end of this 3-month period.
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HNW Signals & Forecast
There are mixed signals in the stock today. The Pioneer Diversified High Income Trust 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 $11.61. On a fall, the stock will find some support from the short-term average at $11.45. 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. 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 also not. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found.
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 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 0.611%. For the last week the stock has had daily average volatility of 0.662%
Our recommended stop-loss: $10.89 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HNW) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Pioneer Diversified High Income Trust Pioneer Diversified High Income Trust Common Shares of Beneficial Interest to open at $11.50, and during the day (based on 14 day Average True Range), to move between $11.40 and $11.61, which gives a possible trading interval of +/-$0.101 (+/-0.87%) 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 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.71 (1.78%) than the support at $11.20 (2.64%), 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 Pioneer Diversified High Income Trust Pioneer Diversified High Income Trust Common Shares of Beneficial Interest stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pioneer Diversified High Income Trust stock to perform well in the short-term.
Current score: 1.167 Buy Candidate Unchanged
Predicted Opening Price for Pioneer Diversified High Income Trust Pioneer Diversified High Income Trust Common Shares of Beneficial Interest of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $11.50 ( 0.0585%) | $11.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HNW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.57 | 0.550 % | |
| R2 | 11.54 | 0.317 % | ||
| R1 | 11.53 | 0.174 % | ||
| Current price: | 11.51 | |||
| Support | S1 | 11.47 | -0.291 % | |
| S2 | 11.46 | -0.435 % | ||
| S3 | 11.43 | -0.667 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.87 | 3.16 % | |
| R2 | 11.83 | 2.82 % | ||
| R1 | 11.71 | 1.78 % | ||
| Current price | 11.51 | |||
| Support | S1 | 11.20 | -2.64% | |
| S2 | 11.17 | -2.91% | ||
| S3 | 11.13 | -3.26% |
HNW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0900 | 0.786% |
| 2 | Mar 04, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0900 | 0.758% |
| 3 | Feb 06, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0900 | 0.794% |
| 4 | Dec 18, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.0900 | 0.83% |
| 5 | Dec 01, 2023 | Dec 11, 2023 | Dec 19, 2023 | $0.0900 | 0.83% |
FAQ
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