Pimco Dynamic Income Opportunities Fund Stock Forecast

Pimco Dynamic Income Opportunities Fund stock price down 0.0760% on Tuesday
(Updated on May 14, 2024)

PDO Signals & Forecast

The Pimco Dynamic Income Opportunities Fund stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.23. On a fall, the stock will find some support from the long-term average at approximately $13.03. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 0.229%. Further rise is indicated until a new top pivot has been found. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, April 03, 2024 and based on theory for this formation the price should fall by -3.72% to $12.65 within 19 trading days since signal was issued (Wednesday, May 15, 2024).

Support, Risk & Stop-loss for Pimco Dynamic Income Opportunities Fund stock

Pimco Dynamic Income Opportunities Fund finds support from accumulated volume at $12.92 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 $0.0800 (0.610%) between high and low. For the last week, the stock has had daily average volatility of 0.90%.

Our recommended stop-loss: $12.40 (-5.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (PDO) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect Pimco Dynamic Income Opportunities Fund to open at $13.15, and during the day (based on 14 day Average True Range), to move between $12.98 and $13.30, which gives a possible trading interval of +/-$0.156 (+/-1.19%) 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 2.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.17 (0.23%) than the support at $12.92 (1.67%), 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 Dynamic Income Opportunities Fund stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pimco Dynamic Income Opportunities Fund stock to perform well in the short-term period.

Current score: 3.109 Buy Candidate Unchanged

Predicted Opening Price for Pimco Dynamic Income Opportunities Fund of Wednesday, May 15, 2024

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