ACV Forecast and Technical Stock Analysis
Sell candidate since 2019-09-13 PDF
AllianzGI Diversified Income & Convertible Fund gained 0.04% in the last trading day ( Friday, 13th Sep 2019 ), rising from $23.46 to $23.47 During the day the stock fluctuated 1.75% from a day low at $23.43 to a day high of $23.84. The price has been going up and down for this period, and there has been a 0.13% gain for the last 2 weeks. Volume fell in the last day by -3 343 shares and in total, 17 171 shares bought and sold for approximately $403 003.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the ACV stock price was $24.62 and low was $22.86.
- 90 day high was $24.62 and low was $22.46.
- 52 week high for AllianzGI Diversified Income & Convertible Fund - $25.20 and low - $17.51.
AllianzGI Diversified Income & Convertible Fund is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AllianzGI Diversified Income & Convertible Fund with a 90% probability to be traded between $23.02 and $24.79 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. AllianzGI Diversified Income & Convertible Fund holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $23.56 and $23.57. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday September 09, 2019, which indicates further falls until a new bottom pivot has been found. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 38 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
AllianzGI Diversified Income & Convertible Fund finds support from accumulated volume at $23.44.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.39 %Average volatility
Very Low Low Medium High Very High
AllianzGI Diversified Income & Convertible 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!