Pioneer High Income Trust Stock Forecast
Pioneer High Income Trust stock downgraded to Hold/Accumulate
(Updated on Apr 24, 2024)
The Pioneer High Income Trust stock price fell by -0.272% on the last day (Wednesday, 24th Apr 2024) from $7.36 to $7.34. During the last trading day the stock fluctuated 0.684% from a day low at $7.31 to a day high of $7.36. The price has been going up and down for this period, and there has been a -2% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 thousand shares and in total, 115 thousand shares were bought and sold for approximately $841.30 thousand.
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 $7.33 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Pioneer High Income Trust stock with a 90% probability to be traded between $7.46 and $7.83 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.
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PHT Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.273%. 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 Pioneer High Income Trust 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 $7.35 and $7.50. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, June 29, 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 Thursday, June 29, 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 Pioneer High Income Trust stock
Pioneer High Income Trust finds support from accumulated volume at $7.33 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 $0.0500 between high and low, or 0.684%. For the last week the stock has had daily average volatility of 0.83%
Our recommended stop-loss: $6.87 (-6.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (PHT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Pioneer High Income Trust to open at $7.34, and during the day (based on 14 day Average True Range), to move between $7.26 and $7.42, which gives a possible trading interval of +/-$0.0799 (+/-1.09%) up or down from last closing price. If Pioneer High Income Trust takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.33 (0.14%) than the resistance at $7.36 (0.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pioneer High Income Trust stock A Buy?
Pioneer High Income Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.227 Hold/Accumulate Downgraded
Predicted Opening Price for Pioneer High Income Trust of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$7.34 ( 0.0454%) | $7.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.39 | 0.636 % | |
R2 | 7.37 | 0.376 % | ||
R1 | 7.36 | 0.215 % | ||
Current price: | 7.34 | |||
Support | S1 | 7.32 | -0.306 % | |
S2 | 7.31 | -0.466 % | ||
S3 | 7.29 | -0.727 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.66 | 4.36 % | |
R2 | 7.57 | 3.13 % | ||
R1 | 7.36 | 0.272 % | ||
Current price | 7.34 | |||
Support | S1 | 7.33 | -0.136% | |
S2 | 7.32 | -0.272% | ||
S3 | 7.30 | -0.545% |
PHT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0550 | 0.749% |
2 | Mar 04, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0550 | 0.718% |
3 | Feb 06, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0550 | 0.740% |
4 | Jan 05, 2024 | Jan 18, 2024 | Jan 31, 2024 | $0.0550 | 0.746% |
5 | Dec 01, 2023 | Dec 11, 2023 | Dec 19, 2023 | $0.0550 | 0.738% |
FAQ
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