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AllianzGI Convertible & Income Fund Fund Forecast NYSE:NCV

$5.79 (1.05%)

Volume: 297k

Closed: Dec 08, 2021

Hollow Logo Score: -1.747

AllianzGI Convertible & Income Fund Fund Forecast

$5.79 (1.05%)

Volume: 297k

Closed: Dec 08, 2021

Score Hollow Logo -1.747
Which way will NCV go? Request
Key Stats
Beta 0.71
Trailing Dividend Rate 8.48% ($0.49)
Next Dividend Date Dec 10, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 28 and the fund is currently not being overbought or oversold

Green day on Wednesday for AllianzGI Convertible & Income Fund
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-03 Gain 2.66%

The AllianzGI Convertible & Income Fund fund price gained 1.05% on the last trading day (Wednesday, 8th Dec 2021), rising from $5.73 to $5.79. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the fund fluctuated 1.22% from a day low at $5.76 to a day high of $5.83. The price has fallen in 5 of the last 10 days and is down by -1.53% for this period. Volume fell on the last day by -234 thousand shares and in total, 297 thousand shares were bought and sold for approximately $1.72 million. 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 fund lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -3.85% during the next 3 months and, with a 90% probability hold a price between $5.40 and $6.06 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the fund today. The AllianzGI Convertible & Income Fund fund 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 fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term moving average at $6.09. On a fall, the fund will find some support from the short-term average at $5.70. 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). A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 3.02%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The fund should be watched closely.

Support, Risk & Stop-loss

AllianzGI Convertible & Income Fund finds support from accumulated volume at $5.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This fund has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the fund moved $0.0700 between high and low, or 1.22%. For the last week, the fund has had a daily average volatility of 1.63%.

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

Is AllianzGI Convertible & Income Fund fund A Buy?

AllianzGI Convertible & Income Fund 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 fund.

Current score: -1.747

Predicted Opening Price for AllianzGI Convertible & Income Fund of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$5.79 $5.79 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.63 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.63 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $6.06
Price: $5.79
Support: $5.76

NCV Insider Trading Show all Trades

INSIDER POWER

0.431

Last 39 transactions
Buy: 31 901 | Sell: 74 016 (Shares)
Date Action Amount Person Type
Oct 01, 2021 Buy 12 892 Macleod James S Common Stock
Apr 29, 2021 Buy 1 715 Drummond F Ford Common Stock
Apr 27, 2021 Buy 1 000 Rappaport Alan Common Stock
Feb 05, 2021 Buy 50 Ubs Group Ag Common Shares
Feb 05, 2021 Buy 159 Ubs Group Ag Common Shares
Show all Insider Trades
INSIDER POWER

0.431

Last 39 transactions
Buy: 31 901 | Sell: 74 016 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.86 1.27 %
5.84 0.80 %
5.82 0.52 %
Current price: 5.79
Support 5.77 -0.40 %
5.75 -0.69 %
5.72 -1.15 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 6.18 6.74 %
6.10 5.35 %
6.06 4.66 %
Current price 5.79
Support 5.76 -0.52%
5.70 -1.55%
5.69 -1.73%

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