ACV Forecast and Technical Stock Analysis
Buy candidate since 2020-01-02 Gain 1.94% PDF
AllianzGI Diversified Income & Convertible Fund gained 0.20% in the last trading day ( Friday, 17th Jan 2020 ), rising from $25.13 to $25.18 , and has now gained 4 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 day the stock fluctuated 0.72% from a day low at $25.11 to a day high of $25.29. The price has risen in 6 of the last 10 days and is up by 1.21% over the past 2 weeks. Volume fell in the last day by -30 254 shares and in total, 44 239 shares bought and sold for approximately $1.11 million. 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 $25.55 and low was $24.42.
- 90 day high was $25.56 and low was $22.75.
- 52 week high for AllianzGI Diversified Income & Convertible Fund - $25.56 and low - $20.50.
AllianzGI Diversified Income & Convertible Fund lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.93% during the next 3 months and, with 90% probability hold a price between $26.50 and $28.31 at the end of this period.
AllianzGI Diversified Income & Convertible Fund holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $25.13 and $24.84. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday January 08, 2020, 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 67 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 $25.13.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $24.31 (-3.45%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 7 day(s) ago.)
0.66 %Average volatility
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AllianzGI Diversified Income & Convertible Fund holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate 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!
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