PIMCO Corporate & Income Opps Common Stock Forecast
Red day on Tuesday for PIMCO Corporate & Income Opps Common stock after losing 0%
(Updated on May 07, 2024)
No changes to the price of PIMCO Corporate & Income Opps Common stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at £0.85 to a day high of £0.85. The price has been going up and down for this period, and there has been a -2.86% loss for the last 2 weeks.
The stock lies in the middle of a very wide and 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 -3.42% during the next 3 months and, with a 90% probability hold a price between £0.702 and £0.96 at the end of this 3-month period.
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PTY.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has fallen 0%. 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 Corporate & Income Opps Common stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £0.88 and £0.86. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, March 06, 2024 and based on theory for this formation the price should go up by 5.29% to £0.90 within 7 trading days since signal was issued (Wednesday, May 08, 2024).
Support, Risk & Stop-loss for PIMCO Corporate & Income Opps Common stock
PIMCO Corporate & Income Opps Common finds support from accumulated volume at £0.83 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.71%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PTY.L) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect PIMCO Corporate & Income Opps Common to open at £0.85, and during the day (based on 14 day Average True Range), to move between £0.81 and £0.89, which gives a possible trading interval of +/-£0.0351 (+/-4.13%) up or down from last closing price. If PIMCO Corporate & Income Opps Common takes out the full calculated possible swing range there will be an estimated 8.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.83 (2.00%) than the resistance at £0.95 (11.76%), 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 Corporate & Income Opps Common stock A Buy?
PIMCO Corporate & Income Opps Common 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.
Current score: -2.411 Sell Candidate Unchanged
Predicted Opening Price for PIMCO Corporate & Income Opps Common of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| £0.85 ( 0%) | £0.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTY.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.85 | . | |
| R2 | 0.85 | . | ||
| R1 | 0.85 | . | ||
| Current price: | 0.85 | |||
| Support | S1 | 0.85 | . | |
| S2 | 0.85 | . | ||
| S3 | 0.85 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 21.18 % | |
| R2 | 1.00 | 17.65 % | ||
| R1 | 0.95 | 11.76 % | ||
| Current price | 0.85 | |||
| Support | S1 | 0.83 | -2.00% | |
| S2 | 0.83 | -2.94% | ||
| S3 | 0.750 | -11.76% |
PTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 17, 2004 | Jun 02, 2004 | Jul 05, 2004 | £0.0290 | 0.264% |
| 2 | Mar 18, 2003 | May 28, 2003 | Jul 01, 2003 | £0.0580 | 0.545% |
| 3 | Sep 25, 2002 | Oct 02, 2002 | Nov 06, 2002 | £0.193 | 1.36% |
| 4 | Mar 14, 2002 | Apr 03, 2002 | Jul 01, 2002 | £1.52 | 4.08% |
| 5 | Sep 04, 2001 | Oct 03, 2001 | Nov 07, 2001 | £0.90 | 1.33% |
FAQ
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