Pimco Access Income Fund Fund Forecast
Green day on Tuesday for Pimco Access Income Fund fund after gaining 0.378%
(Updated on Jul 02, 2024)
The Pimco Access Income Fund fund price gained 0.378% on the last trading day (Tuesday, 2nd Jul 2024), rising from $15.87 to $15.93. It has now gained 4 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 fund fluctuated 1.39% from a day low at $15.78 to a day high of $16.00. The price has risen in 7 of the last 10 days and is up by 0.7% over the past 2 weeks. Volume fell on the last day by -55 thousand shares and in total, 103 thousand shares were bought and sold for approximately $1.64 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The fund lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 2.75% during the next 3 months and, with a 90% probability hold a price between $15.54 and $16.79 at the end of this 3-month period.
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PAXS Signals & Forecast
The Pimco Access Income Fund fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the fund 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 $15.80 and $15.81. A breakdown below any of these levels will issue sell signals. 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 fund should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -1.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The fund had a Golden Star Signal on Friday, June 28, 2024 in the short-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 fund in question.
Golden Star
The fund had a Golden Star Signal on Friday, June 28, 2024 in the short-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 fund in question.
Support, Risk & Stop-loss for Pimco Access Income Fund fund
Pimco Access Income Fund finds support from accumulated volume at $15.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.220 between high and low, or 1.39%. For the last week the fund has had daily average volatility of 1.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAXS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pimco Access Income Fund to open at $15.90, and during the day (based on 14 day Average True Range), to move between $15.71 and $16.15, which gives a possible trading interval of +/-$0.215 (+/-1.35%) up or down from last closing price. If Pimco Access Income Fund takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.00 (0.44%) than the support at $15.76 (1.07%), 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 Pimco Access Income Fund fund A Buy?
The Pimco Access Income Fund fund holds several negative signals and despite the positive trend, we believe Pimco Access Income Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this fund.
Current score: -1.101 Sell Candidate Unchanged
Predicted Opening Price for Pimco Access Income Fund of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $15.90 ( 0.167%) | $15.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAXS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.12 | 1.21% |
| R2 | 16.04 | 0.686% |
| R1 | 15.99 | 0.360% |
| Price | 15.93 | |
| S1 | 15.82 | -0.695% |
| S2 | 15.77 | -1.02% |
| S3 | 15.68 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.16 | 1.44% |
| R2 | 16.02 | 0.565% |
| R1 | 16.00 | 0.439% |
| Price | 15.93 | |
| S1 | 15.76 | -1.07% |
| S2 | 14.78 | -7.22% |
| S3 | 14.74 | -7.47% |
PAXS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 03, 2024 | $0.149 | 0.96% |
| 2 | Apr 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.149 | 0.95% |
| 3 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.149 | 0.95% |
| 4 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.149 | 0.96% |
| 5 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.149 | 1.01% |
FAQ
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