Pimco Global Stocksplus & Income Fund Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Pimco Global Stocksplus & Income Fund stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The Pimco Global Stocksplus & Income Fund stock price gained 1.03% on the last trading day (Wednesday, 1st May 2024), rising from $7.37 to $7.45. During the last trading day the stock fluctuated 1.22% from a day low at $7.37 to a day high of $7.46. The price has risen in 7 of the last 10 days and is up by 3.27% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 24 thousand shares were bought and sold for approximately $177.15 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 lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.22% during the next 3 months and, with a 90% probability hold a price between $6.99 and $7.46 at the end of this 3-month period.
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PGP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 3.71%. 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. The Pimco Global Stocksplus & Income Fund stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $7.47. On a fall, the stock will find some support from the short-term average at $7.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. The stock had a Golden Star Signal on Friday, July 07, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, July 07, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Pimco Global Stocksplus & Income Fund stock
Pimco Global Stocksplus & Income Fund finds support from accumulated volume at $7.38 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 controlled movements and therefore the general risk is considered 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 $0.0900 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PGP) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Pimco Global Stocksplus & Income Fund to open at $7.43, and during the day (based on 14 day Average True Range), to move between $7.35 and $7.55, which gives a possible trading interval of +/-$0.0990 (+/-1.33%) up or down from last closing price. If Pimco Global Stocksplus & Income Fund takes out the full calculated possible swing range there will be an estimated 2.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.49 (0.59%) than the support at $7.38 (0.89%), 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 Global Stocksplus & Income Fund stock A Buy?
Pimco Global Stocksplus & Income Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.157 Sell Candidate Downgraded
Predicted Opening Price for Pimco Global Stocksplus & Income Fund of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $7.43 ( 0.278%) | $7.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.52 | 0.93 % | |
| R2 | 7.48 | 0.469 % | ||
| R1 | 7.46 | 0.183 % | ||
| Current price: | 7.45 | |||
| Support | S1 | 7.39 | -0.740 % | |
| S2 | 7.37 | -1.03 % | ||
| S3 | 7.34 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.63 | 2.47 % | |
| R2 | 7.58 | 1.80 % | ||
| R1 | 7.49 | 0.590 % | ||
| Current price | 7.45 | |||
| Support | S1 | 7.38 | -0.89% | |
| S2 | 7.36 | -1.16% | ||
| S3 | 7.21 | -3.17% |
PGP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.0690 | 0.93% |
| 2 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.0690 | 0.91% |
| 3 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.0690 | 0.90% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0690 | 0.90% |
| 5 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.0690 | 0.92% |
FAQ
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