Pimco Access Income Fund Fund Forecast

Weaker technical forecast for Pimco Access Income Fund as fund downgraded to Sell Candidate.
(Updated on Jun 25, 2024)

PAXS Signals & Forecast

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 Pimco Access Income Fund fund 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 $15.80 and $15.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -1.38%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the fund should be followed more closely.

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 $0.221 between high and low, or 1.40%. For the last week the fund has had daily average volatility of 1.30%.

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 26th

For the upcoming trading day on Wednesday, 26th we expect Pimco Access Income Fund to open at $15.82, and during the day (based on 14 day Average True Range), to move between $15.56 and $16.00, which gives a possible trading interval of +/-$0.215 (+/-1.36%) 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 2.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.76 (0.13%) than the resistance at $15.92 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.250 Sell Candidate Downgraded

Predicted Opening Price for Pimco Access Income Fund of Wednesday, June 26, 2024

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