PIMCO Commercial Mortgage Securities Stock Forecast
Green day on Friday for PIMCO Commercial Mortgage Securities stock after gaining 1.07%
(Updated on Apr 26, 2024)
The PIMCO Commercial Mortgage Securities stock price gained 1.07% on the last trading day (Friday, 26th Apr 2024), rising from $8.40 to $8.49. During the last trading day the stock fluctuated 0.472% from a day low at $8.46 to a day high of $8.50. The price has been going up and down for this period, and there has been a 1.07% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 714 more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $81.27 thousand.
The stock 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 stock is expected to rise 4.06% during the next 3 months and, with a 90% probability hold a price between $8.64 and $9.34 at the end of this 3-month period.
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PCM Signals & Forecast
The PIMCO Commercial Mortgage Securities stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.41 and $8.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.91%. Further rise is indicated until a new top pivot has been found. PIMCO Commercial Mortgage Securities 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. The very low volume increases the risk and reduces the other technical signals issued. 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).
Support, Risk & Stop-loss for PIMCO Commercial Mortgage Securities stock
PIMCO Commercial Mortgage Securities finds support from accumulated volume at $8.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0399 (0.472%) between high and low. For the last week, the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: $8.02 (-5.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (PCM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect PIMCO Commercial Mortgage Securities Trust Inc to open at $8.48, and during the day (based on 14 day Average True Range), to move between $8.34 and $8.64, which gives a possible trading interval of +/-$0.153 (+/-1.80%) up or down from last closing price. If PIMCO Commercial Mortgage Securities Trust Inc takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.50 (0.12%) than the support at $8.39 (1.18%), 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.
Earnings coming up
PIMCO Commercial Mortgage Securities Trust Inc will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for PIMCO Commercial Mortgage Securities Trust Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.34% in the first trading day after earnings release.
Is PIMCO Commercial Mortgage Securities Trust Inc stock A Buy?
PIMCO Commercial Mortgage Securities 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: 0.330 Hold/Accumulate Unchanged
Predicted Opening Price for PIMCO Commercial Mortgage Securities Trust Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $8.48 ( 0.0773%) | $8.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PCM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.52 | 0.393 % | |
| R2 | 8.51 | 0.213 % | ||
| R1 | 8.50 | 0.102 % | ||
| Current price: | 8.49 | |||
| Support | S1 | 8.47 | -0.257 % | |
| S2 | 8.46 | -0.368 % | ||
| S3 | 8.44 | -0.547 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.74 | 2.95 % | |
| R2 | 8.53 | 0.472 % | ||
| R1 | 8.50 | 0.119 % | ||
| Current price | 8.49 | |||
| Support | S1 | 8.39 | -1.18% | |
| S2 | 8.26 | -2.71% | ||
| S3 | 8.24 | -2.94% |
PCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.0800 | 0.94% |
| 2 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.0800 | 0.94% |
| 3 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.0800 | 0.97% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0800 | 0.99% |
| 5 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.0800 | 1.02% |
FAQ
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