Pimco Dynamic Income Opportunities Fund Stock Forecast
Evaluation of Pimco Dynamic Income Opportunities Fund stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Pimco Dynamic Income Opportunities Fund stock price fell by -0.535% on the last day (Tuesday, 30th Apr 2024) from $13.09 to $13.02. During the last trading day the stock fluctuated 1.00% from a day low at $13.00 to a day high of $13.13. The price has risen in 7 of the last 10 days and is up by 4.33% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -129 thousand shares and in total, 250 thousand shares were bought and sold for approximately $3.25 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $13.09 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Pimco Dynamic Income Opportunities Fund stock with a 90% probability to be traded between $12.27 and $12.90 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PDO Signals & Forecast
The Pimco Dynamic Income Opportunities Fund 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 $12.95 and $12.94. A breakdown below any of these levels will issue sell signals. 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 Monday, April 29, 2024, and so far it has fallen -0.535%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Pimco Dynamic Income Opportunities Fund stock
Pimco Dynamic Income Opportunities Fund finds support from accumulated volume at $12.98 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 $0.130 (1.00%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: $12.48 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PDO) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Pimco Dynamic Income Opportunities Fund to open at $13.05, and during the day (based on 14 day Average True Range), to move between $12.84 and $13.20, which gives a possible trading interval of +/-$0.176 (+/-1.35%) up or down from last closing price. If Pimco Dynamic Income Opportunities Fund takes out the full calculated possible swing range there will be an estimated 2.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.98 (0.31%) than the resistance at $13.17 (1.15%), 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 Dynamic Income Opportunities Fund stock A Buy?
Pimco Dynamic Income Opportunities Fund 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.073 Hold/Accumulate Downgraded
Predicted Opening Price for Pimco Dynamic Income Opportunities Fund of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $13.05 ( 0.230%) | $13.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.18 | 1.23 % | |
| R2 | 13.13 | 0.85 % | ||
| R1 | 13.10 | 0.612 % | ||
| Current price: | 13.02 | |||
| Support | S1 | 13.00 | -0.151 % | |
| S2 | 12.97 | -0.387 % | ||
| S3 | 12.92 | -0.768 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.20 | 1.38 % | |
| R2 | 13.19 | 1.31 % | ||
| R1 | 13.17 | 1.15 % | ||
| Current price | 13.02 | |||
| Support | S1 | 12.98 | -0.307% | |
| S2 | 12.91 | -0.84% | ||
| S3 | 12.48 | -4.15% |
PDO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.128 | 0.98% |
| 2 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.128 | 0.97% |
| 3 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.128 | 0.98% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.128 | 0.97% |
| 5 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.128 | 1.03% |
FAQ
Click here for our free guide on how to buy Pimco Dynamic Income Opportunities Fund Stock.
