AllianzGI NFJ Dividend Intr & Premium 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
AllianzGI NFJ Dividend Intr & Premium stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 07, 2024)
The AllianzGI NFJ Dividend Intr & Premium stock price gained 0.493% on the last trading day (Tuesday, 7th May 2024), rising from $12.17 to $12.23. It 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 last trading day the stock fluctuated 0.658% from a day low at $12.16 to a day high of $12.24. The price has risen in 6 of the last 10 days and is up by 1.49% 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, 21 thousand more shares were traded than the day before. In total, 111 thousand shares were bought and sold for approximately $1.36 million.
The stock 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 stock is expected to fall -2.71% during the next 3 months and, with a 90% probability hold a price between $11.36 and $12.28 at the end of this 3-month period.
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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 $12.09 and $12.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.09%. 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 NFJ Dividend Intr & Premium 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 NFJ Dividend Intr & Premium stock
AllianzGI NFJ Dividend Intr & Premium finds support from accumulated volume at $12.04 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 0.658%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: $11.63 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (NFJ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect AllianzGI NFJ Dividend Interest & Premium Strategy Fund to open at $12.21, and during the day (based on 14 day Average True Range), to move between $12.09 and $12.37, which gives a possible trading interval of +/-$0.143 (+/-1.17%) 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 2.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.25 (0.16%) than the support at $12.04 (1.55%), 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: 0.541 Hold/Accumulate Upgraded
Predicted Opening Price for AllianzGI NFJ Dividend Interest & Premium Strategy Fund of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$12.21 ( 0.164%) | $12.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NFJ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.29 | 0.491 % | |
R2 | 12.26 | 0.241 % | ||
R1 | 12.24 | 0.0863 % | ||
Current price: | 12.23 | |||
Support | S1 | 12.18 | -0.413 % | |
S2 | 12.16 | -0.568 % | ||
S3 | 12.13 | -0.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.78 | 4.50 % | |
R2 | 12.39 | 1.31 % | ||
R1 | 12.25 | 0.164 % | ||
Current price | 12.23 | |||
Support | S1 | 12.04 | -1.55% | |
S2 | 11.91 | -2.62% | ||
S3 | 11.83 | -3.27% |
NFJ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.280 | 2.19% |
2 | Nov 16, 2023 | Dec 08, 2023 | Dec 22, 2023 | $0.245 | 1.98% |
3 | Aug 31, 2023 | Sep 08, 2023 | Sep 22, 2023 | $0.245 | 2.11% |
4 | Mar 16, 2023 | Jun 09, 2023 | Jun 23, 2023 | $0.245 | 2.06% |
5 | Jan 12, 2023 | Mar 10, 2023 | Mar 24, 2023 | $0.245 | 2.15% |
FAQ
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