Pioneer High Income Trust 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
Green day on Friday for Pioneer High Income Trust
(Updated on May 03, 2024)
The Pioneer High Income Trust stock price gained 0.742% on the last trading day (Friday, 3rd May 2024), rising from $7.42 to $7.47. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.21% from a day low at $7.41 to a day high of $7.50. The price has risen in 7 of the last 10 days and is up by 2.05% 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, 45 thousand more shares were traded than the day before. In total, 108 thousand shares were bought and sold for approximately $809.97 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pioneer High Income Trust stock with a 90% probability to be traded between $7.34 and $7.70 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PHT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.19%. 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). Pioneer High Income Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 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 $7.38. 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. 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 $7.43 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0900 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 0.88%.
Our recommended stop-loss: $7.10 (-5.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (PHT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Pioneer High Income Trust to open at $7.46, and during the day (based on 14 day Average True Range), to move between $7.39 and $7.55, which gives a possible trading interval of +/-$0.0761 (+/-1.02%) 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 2.04% 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 (0.27%) than the support at $7.43 (0.54%), 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 Pioneer High Income Trust stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pioneer High Income Trust stock to perform well in the short-term period.
Current score: 2.658 Buy Candidate Unchanged
Predicted Opening Price for Pioneer High Income Trust of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $7.46 ( 0.134%) | $7.47 |
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 | 7.55 | 1.07 % | |
| R2 | 7.52 | 0.611 % | ||
| R1 | 7.49 | 0.326 % | ||
| Current price: | 7.47 | |||
| Support | S1 | 7.43 | -0.594 % | |
| S2 | 7.40 | -0.88 % | ||
| S3 | 7.37 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.66 | 2.54 % | |
| R2 | 7.57 | 1.34 % | ||
| R1 | 7.49 | 0.268 % | ||
| Current price | 7.47 | |||
| Support | S1 | 7.43 | -0.535% | |
| S2 | 7.38 | -1.20% | ||
| S3 | 7.36 | -1.47% |
PHT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0550 | 0.748% |
| 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
Click here for our free guide on how to buy Pioneer High Income Trust Stock.
