Pimco Dynamic Income Strategy Fund Trust Forecast
Pimco Dynamic Income Strategy Fund trust price ended at $22.07 on Thursday, after gaining 1.24%.
(Updated on Jun 27, 2024)
The Pimco Dynamic Income Strategy Fund trust price gained 1.24% on the last trading day (Thursday, 27th Jun 2024), rising from $21.80 to $22.07. It has now gained 6 days in a row. It is not often that trusts manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the trust fluctuated 2.36% from a day low at $21.63 to a day high of $22.14. The price has risen in 7 of the last 10 days and is up by 3.23% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 90 thousand shares were bought and sold for approximately $1.98 million.
The trust has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $21.58, a level that may pose a second chance to hit a runner. According to fan-theory $22.15 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PDX Signals & Forecast
The Pimco Dynamic Income Strategy Fund trust 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 $21.44 and $21.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 5.85%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 with a target of $21.17. Despite whether the objective of the signal formation has been reached the trust may continue to perform well.
Support, Risk & Stop-loss for Pimco Dynamic Income Strategy Fund trust
Pimco Dynamic Income Strategy Fund finds support from accumulated volume at $21.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.510 between high and low, or 2.36%. For the last week the trust has had daily average volatility of 1.69%.
Since the Pimco Dynamic Income Strategy Fund has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $21.08 (-4.47%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (PDX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Pimco Dynamic Income Strategy Fund to open at $21.95, and during the day (based on 14 day Average True Range), to move between $21.70 and $22.44, which gives a possible trading interval of +/-$0.365 (+/-1.65%) up or down from last closing price. If Pimco Dynamic Income Strategy Fund takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.26, some $0.81 (3.67%) from the current price of $22.07, our system finds the risk reward attractive.
Is Pimco Dynamic Income Strategy Fund trust A Buy?
Pimco Dynamic Income Strategy 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Pimco Dynamic Income Strategy Fund of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $21.95 ( 0.559%) | $22.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.46 | 1.75% |
| R2 | 22.26 | 0.87% |
| R1 | 22.14 | 0.324% |
| Price | 22.07 | |
| S1 | 21.75 | -1.44% |
| S2 | 21.63 | -1.99% |
| S3 | 21.44 | -2.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 22.07 | |
| S1 | 21.26 | -3.67% |
| S2 | 20.84 | -5.57% |
| S3 | 20.82 | -5.66% |
PDX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 10, 2024 | Jun 03, 2024 | $0.113 | 0.535% |
| 2 | Mar 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.113 | 0.540% |
| 3 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.260 | 1.22% |
| 4 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.220 | 1.08% |
| 5 | Sep 08, 2023 | Sep 08, 2023 | Oct 02, 2023 | $0.220 | 1.18% |
FAQ
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