Pimco Dynamic Income Strategy Fund Trust Forecast
Pimco Dynamic Income Strategy Fund trust price up 0.797% on Tuesday
(Updated on Jul 02, 2024)
The Pimco Dynamic Income Strategy Fund trust price gained 0.797% on the last trading day (Tuesday, 2nd Jul 2024), rising from $22.58 to $22.76. It has now gained 9 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 0.98% from a day low at $22.56 to a day high of $22.78. The price has risen in 9 of the last 10 days and is up by 8.85% over the past 2 weeks. Volume fell on the last day by -49 thousand shares and in total, 131 thousand shares were bought and sold for approximately $2.97 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $21.94, a level that may pose a second chance to hit a runner.
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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 $22.08 and $21.38. 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 9.16%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The trust should be watched closely.
Support, Risk & Stop-loss for Pimco Dynamic Income Strategy Fund trust
Pimco Dynamic Income Strategy Fund finds support from accumulated volume at $22.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This trust is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the trust moved $0.220 (0.98%) between high and low. For the last week, the trust has had daily average volatility of 1.63%.
The Pimco Dynamic Income Strategy Fund trust is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the trust has broken the trend up, the chance for a major correction due to high RSI is very small as the trust will find support at the trend broken. Since the Pimco Dynamic Income Strategy Fund has been rising for 9 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: $21.93 (-3.66%) (This trust has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (PDX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pimco Dynamic Income Strategy Fund to open at $22.70, and during the day (based on 14 day Average True Range), to move between $22.41 and $23.11, which gives a possible trading interval of +/-$0.349 (+/-1.53%) 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 3.06% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $22.58, some $0.180 (0.79%) from the current price of $22.76, 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 Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$22.70 ( 0.264%) | $22.76 |
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 | 22.92 | 0.703% |
R2 | 22.84 | 0.334% |
R1 | 22.78 | 0.106% |
Price | 22.76 | |
S1 | 22.62 | -0.633% |
S2 | 22.56 | -0.86% |
S3 | 22.48 | -1.23% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 22.76 | |
S1 | 22.58 | -0.791% |
S2 | 21.26 | -6.59% |
S3 | 20.84 | -8.44% |
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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