14-day Premium Trial Subscription Try For FreeTry Free
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 PAI
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Monday for Pacific American Income Shares Inc stock after gaining 0.91%
(Updated on Apr 22, 2024)

Hold candidate since Apr 17, 2024 Gain 1.68% PDF

The Pacific American Income Shares Inc stock price gained 0.91% on the last trading day (Monday, 22nd Apr 2024), rising from $12.03 to $12.14. During the last trading day the stock fluctuated 0.497% from a day low at $12.08 to a day high of $12.14. The price has risen in 6 of the last 10 days and is up by 1.93% 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, 18 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately $285.99 thousand.

The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $12.16 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Pacific American Income Shares Inc stock with a 90% probability to be traded between $11.59 and $12.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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

PAI Signals & Forecast

The Pacific American Income Shares Inc 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 $11.92 and $11.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.76%. Further rise is indicated until a new top pivot has been found. Pacific American Income Shares Inc 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, March 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 28, 2023.

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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, March 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 28, 2023.

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.
Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, March 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 28, 2023.

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.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -5.19% to $11.51 within 39 trading days since signal was issued (Tuesday, April 23, 2024).

Support, Risk & Stop-loss for Pacific American Income Shares Inc stock

Pacific American Income Shares Inc finds support from accumulated volume at $11.94 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 $0.0600 between high and low, or 0.497%. For the last week the stock has had daily average volatility of 1.08%.

Our recommended stop-loss: $11.56 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (PAI) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Pacific American Income Shares Inc to open at $12.12, and during the day (based on 14 day Average True Range), to move between $12.03 and $12.25, which gives a possible trading interval of +/-$0.113 (+/-0.93%) up or down from last closing price. If Pacific American Income Shares Inc takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.17 (0.25%) than the support at $11.94 (1.65%), 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 Pacific American Income Shares Inc stock A Buy?

Pacific American Income Shares Inc 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.

Current score: -0.390 Hold/Accumulate Unchanged

Predicted Opening Price for Pacific American Income Shares Inc of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$12.12 ( 0.165%) $12.14

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

Trading levels for PAI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.18 0.329 %
R2 12.16 0.141 %
R1 12.14 0.0241 %
Current price: 12.14
Support S1 12.10 -0.354 %
S2 12.08 -0.470 %
S3 12.06 -0.659 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.23 0.741 %
R2 12.20 0.494 %
R1 12.17 0.247 %
Current price 12.14
Support S1 11.94 -1.65%
S2 11.92 -1.81%
S3 11.80 -2.80%

PAI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 May 22, 2024 Jun 03, 2024 $0.0490 0.404%
2 Feb 20, 2024 Apr 22, 2024 May 01, 2024 $0.0490 0.404%
3 Feb 20, 2024 Mar 20, 2024 Apr 01, 2024 $0.0490 0.402%
4 Nov 27, 2023 Feb 21, 2024 Mar 01, 2024 $0.0485 0.409%
5 Nov 21, 2023 Jan 23, 2024 Feb 01, 2024 $0.0485 0.397%

FAQ

What is the symbol for Pacific American Income Shares Inc Stock and on which exchange is it traded?
The symbol for Pacific American Income Shares Inc is PAI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Pacific American Income Shares Inc Stock?
Pacific American Income Shares Inc 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.

How to buy Pacific American Income Shares Inc Stock?
Pacific American Income Shares Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pacific American Income Shares Inc Stock.

What's the current price of Pacific American Income Shares Inc Stock?
As of the end of day on the Apr 22, 2024, the price of an Pacific American Income Shares Inc (PAI) share was $12.14.

What is the 52-week high and low for Pacific American Income Shares Inc Stock?
The 52-week high for Pacific American Income Shares Inc Stock is $12.63 and the 52-week low is $10.59.

What is the market capitalization of Pacific American Income Shares Inc Stock?
As of the Apr 22, 2024, the market capitalization of Pacific American Income Shares Inc is 115.443M.
Click to get the best stock tips daily for free!