Pimco Access Income Fund Fund Forecast
Green day on Friday for Pimco Access Income Fund
(Updated on Jun 28, 2024)
The Pimco Access Income Fund fund price gained 0.701% on the last trading day (Friday, 28th Jun 2024), rising from $15.70 to $15.81. During the last trading day the fund fluctuated 0.603% from a day low at $15.76 to a day high of $15.85. The price has risen in 6 of the last 10 days but is still down by -0.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately $1.06 million.
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 2.30% during the next 3 months and, with a 90% probability hold a price between $15.39 and $16.67 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 $15.75 and $15.80. A breakdown below any of these levels will issue sell signals. Pimco Access Income Fund 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -2.11%. 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).
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 $0.0950 between high and low, or 0.603%. For the last week the fund has had daily average volatility of 1.18%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Pimco Access Income Fund to open at $15.81, and during the day (based on 14 day Average True Range), to move between $15.60 and $16.02, which gives a possible trading interval of +/-$0.210 (+/-1.33%) 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 2.66% 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 (0.32%) than the resistance at $15.92 (0.70%), 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?
Pimco Access Income Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.
Current score: -1.982 Sell Candidate Unchanged
Predicted Opening Price for Pimco Access Income Fund of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $15.81 ( 0.0316%) | $15.81 |
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 | 15.90 | 0.569% |
| R2 | 15.86 | 0.340% |
| R1 | 15.84 | 0.198% |
| Price | 15.81 | |
| S1 | 15.77 | -0.261% |
| S2 | 15.75 | -0.403% |
| S3 | 15.71 | -0.633% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.02 | 1.33% |
| R2 | 16.00 | 1.20% |
| R1 | 15.92 | 0.696% |
| Price | 15.81 | |
| S1 | 15.76 | -0.316% |
| S2 | 14.78 | -6.51% |
| S3 | 14.74 | -6.77% |
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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