AllianzGI Diversified Income & Stock Forecast

AllianzGI Diversified Income & stock upgraded to Hold/Accumulate.
(Updated on Apr 15, 2024)

ACV Signals & Forecast

There are few to no technical positive signals at the moment. The AllianzGI Diversified Income & 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 $23.40 and $23.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -8.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). AllianzGI Diversified Income & gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for AllianzGI Diversified Income & stock

AllianzGI Diversified Income & finds support from accumulated volume at $21.51 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 $0.721 between high and low, or 3.24%. For the last week the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: $21.15 (-5.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (ACV) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect AllianzGI Diversified Income & Convertible Fund to open at $22.52, and during the day (based on 14 day Average True Range), to move between $21.82 and $22.74, which gives a possible trading interval of +/-$0.464 (+/-2.08%) up or down from last closing price. If AllianzGI Diversified Income & Convertible Fund takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.44 (0.72%) than the support at $21.51 (3.46%), 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 AllianzGI Diversified Income & Convertible Fund stock A Buy?

AllianzGI Diversified Income & 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.666 Hold/Accumulate Upgraded

Predicted Opening Price for AllianzGI Diversified Income & Convertible Fund of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.