AllianzGI NFJ Dividend Intr & Premium Stock Forecast

Stronger technical forecast for AllianzGI NFJ Dividend Intr & Premium stock price after Tuesday trading.
(Updated on Jul 02, 2024)

NFJ Signals & Forecast

The AllianzGI NFJ Dividend Intr & Premium stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $12.25 and $12.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.07%. 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). 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 stock should be watched closely. The stock had a Golden Star Signal on Friday, June 28, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for AllianzGI NFJ Dividend Intr & Premium stock

AllianzGI NFJ Dividend Intr & Premium finds support from accumulated volume at $12.30 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 $0.0800 between high and low, or 0.654%. For the last week the stock has had daily average volatility of 0.91%.

Our recommended stop-loss: $11.71 (-4.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)

Trading Expectations (NFJ) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect AllianzGI NFJ Dividend Interest & Premium Strategy Fund to open at $12.29, and during the day (based on 14 day Average True Range), to move between $12.19 and $12.45, which gives a possible trading interval of +/-$0.126 (+/-1.02%) up or down from last closing price. If AllianzGI NFJ Dividend Interest & Premium Strategy Fund takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.33 (0.08%) than the support at $12.30 (0.16%), 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 AllianzGI NFJ Dividend Interest & Premium Strategy Fund stock A Buy?

AllianzGI NFJ Dividend Intr & Premium holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.970 Hold/Accumulate Upgraded

Predicted Opening Price for AllianzGI NFJ Dividend Interest & Premium Strategy Fund of Wednesday, July 3, 2024

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