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AllianzGI Convertible & Income Fund II Fund Forecast NYSE:NCZ

$5.08 (2.01%)

Volume: 416k

Closed: Dec 07, 2021

Hollow Logo Score: -2.239

AllianzGI Convertible & Income Fund II Fund Forecast

$5.08 (2.01%)

Volume: 416k

Closed: Dec 07, 2021

Score Hollow Logo -2.239
Which way will NCZ go? Request
Key Stats
Beta 0.74
Trailing Dividend Rate 8.69% ($0.43)
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 ] The AllianzGI Convertible & Income Fund II fund currently holds an RSI14 at 20 and is oversold on RSI14. The fund being oversold is no guarantee for instant reaction up as some funds may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Green day on Tuesday for AllianzGI Convertible & Income Fund II
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-26 Loss -1.74%

The AllianzGI Convertible & Income Fund II fund price gained 2.01% on the last trading day (Tuesday, 7th Dec 2021), rising from $4.98 to $5.08. During the day the fund fluctuated 2.40% from a day low at $5.00 to a day high of $5.12. The price has fallen in 6 of the last 10 days and is down by -3.97% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 204 thousand more shares were traded than the day before. In total, 416 thousand shares were bought and sold for approximately $2.11 million.

The fund lies in the middle of a 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 -2.19% during the next 3 months and, with a 90% probability hold a price between $4.87 and $5.33 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 2.01%. Further rise is indicated until a new top pivot has been found. 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 AllianzGI Convertible & Income Fund II 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 $5.32. On a fall, the fund will find some support from the short-term average at $5.07. 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).

Support, Risk & Stop-loss

AllianzGI Convertible & Income Fund II finds support from accumulated volume at $5.06 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 $0.12 between high and low, or 2.40%. For the last week, the fund has had a daily average volatility of 2.12%.

AllianzGI Convertible & Income Fund II is oversold on RSI14 (20). Some funds may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is AllianzGI Convertible & Income Fund II fund A Buy?

AllianzGI Convertible & Income Fund II 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: -2.239

Predicted Opening Price for AllianzGI Convertible & Income Fund II of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$5.07 $5.08 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 2.12 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.12 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $5.17
Price: $5.08
Support: $5.06

NCZ Insider Trading Show all Trades

INSIDER POWER

3.053

Last 32 transactions
Buy: 53 922 | Sell: 17 662 (Shares)
Date Action Amount Person Type
Oct 01, 2021 Buy 19 798 Macleod James S Common Stock
Apr 29, 2021 Buy 1 938 Drummond F Ford Common Stock
Apr 27, 2021 Buy 1 000 Rappaport Alan Common Stock
Aug 21, 2019 Buy 2 000 Cogan Sarah E Common Stock
Jun 17, 2019 Sell 33 Ubs Group Ag Cumulative Preferred Shares Series A
Show all Insider Trades
INSIDER POWER

3.053

Last 32 transactions
Buy: 53 922 | Sell: 17 662 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.19 2.10 %
5.14 1.20 %
5.11 0.64 %
Current price: 5.08
Support 5.02 -1.16 %
4.99 -1.72 %
4.95 -2.62 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.36 5.51 %
5.25 3.35 %
5.17 1.77 %
Current price 5.08
Support 5.06 -0.39%
4.99 -1.77%
4.98 -1.97%

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About AllianzGI Convertible & Income Fund II

AllianzGI Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities across a broad range of maturities,... Read more

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