RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NCZ
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

AllianzGI Convertible & Income Fund II stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The AllianzGI Convertible & Income Fund II stock price gained 0.336% on the last trading day (Thursday, 28th Mar 2024), rising from $2.98 to $2.99. During the last trading day the stock fluctuated 1.17% from a day low at $2.98 to a day high of $3.02. The price has risen in 7 of the last 10 days and is up by 6.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 176 thousand more shares were traded than the day before. In total, 385 thousand shares were bought and sold for approximately $1.15 million.

The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $2.93 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $3.07 sometime during the next 3 months.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

NCZ Signals & Forecast

Mostly positive signals in the chart today. The AllianzGI Convertible & Income Fund II stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.95 and $2.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 6.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AllianzGI Convertible & Income Fund II has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for AllianzGI Convertible & Income Fund II stock

AllianzGI Convertible & Income Fund II finds support from accumulated volume at $2.91 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 $0.0350 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.12%.

Our recommended stop-loss: $2.86 (-4.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (NCZ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect AllianzGI Convertible & Income Fund II to open at $3.00, and during the day (based on 14 day Average True Range), to move between $2.95 and $3.03, which gives a possible trading interval of +/-$0.0435 (+/-1.45%) up or down from last closing price. If AllianzGI Convertible & Income Fund II takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $2.91, some $0.0800 (2.68%) from the current price of $2.99, our system finds the risk reward attractive.

Is AllianzGI Convertible & Income Fund II stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for AllianzGI Convertible & Income Fund II stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.508 Buy Candidate Upgraded

Predicted Opening Price for AllianzGI Convertible & Income Fund II of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.00 ( 0.167%) $2.99

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

Trading levels for NCZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.03 1.34 %
R2 3.02 0.89 %
R1 3.01 0.614 %
Current price: 2.99
Support S1 2.98 -0.280 %
S2 2.97 -0.556 %
S3 2.96 -1.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 2.99
Support S1 2.91 -2.68%
S2 2.90 -3.01%
S3 2.88 -3.68%

NCZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 13, 2024 Jun 13, 2024 Jun 27, 2024 $0.0300 1.00%
2 May 10, 2024 May 10, 2024 May 30, 2024 $0.0300 1.00%
3 Mar 01, 2024 Apr 10, 2024 Apr 29, 2024 $0.0300 1.00%
4 Mar 01, 2024 Mar 08, 2024 Mar 28, 2024 $0.0300 1.00%
5 Nov 21, 2023 Feb 09, 2024 Feb 28, 2024 $0.0300 1.05%

FAQ

What is the symbol for AllianzGI Convertible & Income Fund II Stock and on which exchange is it traded?
The symbol for AllianzGI Convertible & Income Fund II is NCZ and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell AllianzGI Convertible & Income Fund II Stock?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for AllianzGI Convertible & Income Fund II stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy AllianzGI Convertible & Income Fund II Stock?
AllianzGI Convertible & Income Fund II Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AllianzGI Convertible & Income Fund II Stock.

What's the current price of AllianzGI Convertible & Income Fund II Stock?
As of the end of day on the 2024-03-28, the price of an AllianzGI Convertible & Income Fund II (NCZ) share was $2.99.

What is the 52-week high and low for AllianzGI Convertible & Income Fund II Stock?
The 52-week high for AllianzGI Convertible & Income Fund II Stock is $3.15 and the 52-week low is $2.50.

What is the market capitalization of AllianzGI Convertible & Income Fund II Stock?
As of the 2024-03-28, the market capitalization of AllianzGI Convertible & Income Fund II is 227.586M.
Click to get the best stock tips daily for free!

About AllianzGI Convertible & Income Fund II

Virtus 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, wi... NCZ Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT