Pacific American Income Shares Inc 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
Pacific American Income Shares Inc stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Pacific American Income Shares Inc stock price fell by -1.53% on the last day (Thursday, 2nd May 2024) from $12.13 to $11.95. During the last trading day the stock fluctuated 1.17% from a day low at $11.93 to a day high of $12.07. The price has risen in 4 of the last 10 days but is still down by -0.71% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately $198.53 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pacific American Income Shares Inc stock with a 90% probability to be traded between $11.64 and $12.12 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.
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PAI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.547%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pacific American Income Shares Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.97 and $11.97. A break-up above any of these levels will issue buy signals. Pacific American Income Shares Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Friday, July 28, 2023 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, July 28, 2023 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.
A sell signal from a double top formation was found on Monday, April 22, 2024 and based on theory for this formation the price should fall by -1.63% to $11.75 within 16 trading days since signal was issued (Friday, May 03, 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 $0.140 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Pacific American Income Shares Inc to open at $11.98, and during the day (based on 14 day Average True Range), to move between $11.78 and $12.11, which gives a possible trading interval of +/-$0.164 (+/-1.37%) 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 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.94 (0.04%) than the resistance at $11.97 (0.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pacific American Income Shares Inc stock A Buy?
Pacific American Income Shares Inc holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.236 Sell Candidate Downgraded
Predicted Opening Price for Pacific American Income Shares Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $11.98 ( 0.307%) | $11.95 |
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 | 12.12 | 1.48 % | |
| R2 | 12.07 | 1.03 % | ||
| R1 | 12.04 | 0.755 % | ||
| Current price: | 11.95 | |||
| Support | S1 | 11.93 | -0.141 % | |
| S2 | 11.90 | -0.417 % | ||
| S3 | 11.84 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.03 | 0.712 % | |
| R2 | 12.00 | 0.460 % | ||
| R1 | 11.97 | 0.209 % | ||
| Current price | 11.95 | |||
| Support | S1 | 11.94 | -0.0419% | |
| S2 | 11.90 | -0.377% | ||
| S3 | 11.80 | -1.21% |
PAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | May 22, 2024 | Jun 03, 2024 | $0.0490 | 0.410% |
| 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
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