PIMCO Income Strategy Fund Stock Forecast
Green day on Tuesday for PIMCO Income Strategy Fund stock after gaining 0.624%
(Updated on Apr 16, 2024)
The PIMCO Income Strategy Fund stock price gained 0.624% on the last trading day (Tuesday, 16th Apr 2024), rising from $8.01 to $8.06. During the last trading day the stock fluctuated 1.38% from a day low at $7.95 to a day high of $8.06. The price has fallen in 6 of the last 10 days and is down by -5.51% for this period. Volume fell on the last day by -63 thousand shares and in total, 120 thousand shares were bought and sold for approximately $970.96 thousand. 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 stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $8.01 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect PIMCO Income Strategy Fund stock with a 90% probability to be traded between $7.94 and $8.46 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.
PFL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.624%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PIMCO Income Strategy Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $8.28 and $8.43. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for PIMCO Income Strategy Fund stock
PIMCO Income Strategy Fund finds support from accumulated volume at $8.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.110 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.85%
PIMCO Income Strategy Fund is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PFL) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect PIMCO Income Strategy Fund to open at $8.02, and during the day (based on 14 day Average True Range), to move between $7.97 and $8.15, which gives a possible trading interval of +/-$0.0902 (+/-1.12%) up or down from last closing price. If PIMCO Income Strategy Fund takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.01 (0.62%) than the resistance at $8.46 (4.96%), 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 Income Strategy Fund stock A Buy?
PIMCO Income Strategy Fund holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.190 Sell Candidate Unchanged
Predicted Opening Price for PIMCO Income Strategy Fund of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| $8.02 ( 0.455%) | $8.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.13 | 0.91 % | |
| R2 | 8.09 | 0.389 % | ||
| R1 | 8.07 | 0.0664 % | ||
| Current price: | 8.06 | |||
| Support | S1 | 7.98 | -0.98 % | |
| S2 | 7.96 | -1.30 % | ||
| S3 | 7.91 | -1.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.48 | 5.21 % | |
| R2 | 8.47 | 5.09 % | ||
| R1 | 8.46 | 4.96 % | ||
| Current price | 8.06 | |||
| Support | S1 | 8.01 | -0.620% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.0814 | 1.01% |
| 2 | Mar 08, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.0814 | 0.95% |
| 3 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.0814 | 0.96% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0814 | 0.96% |
| 5 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.0814 | 0.96% |
FAQ
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