PCQ Forecast and Technical Stock Analysis
Sell candidate since 2019-09-12 Loss -1.03% PDF
PIMCO California Municipal Income Fund fell by -1.03% in the last day ( Friday, 13th Sep 2019 ) from $19.48 to $19.28 and has now fallen 7 days in a row. During the day the stock fluctuated 2.02% from a day low at $19.02 to a day high of $19.40. The price has fallen in 6 of the last 10 days and is down by -1.43% for this period. Volume has increased in the last day by 39 099 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 74 788 shares bought and sold for approximately $1.44 million.
- 30 day high of the PCQ stock price was $20.00 and low was $18.86.
- 90 day high was $20.00 and low was $18.60.
- 52 week high for PIMCO California Municipal Income Fund - $20.00 and low - $14.55.
PIMCO California Municipal Income Fund has broken the weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $19.29. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. PIMCO California Municipal Income Fund holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $19.70 and $19.54. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday September 05, 2019, which indicates further falls until a new bottom pivot has been found. PIMCO California Municipal Income Fund 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".
* 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 36 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
PIMCO California Municipal Income Fund finds support from accumulated volume at $19.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.38 (2.02%) between high and low. For the last week, the stock has had daily average volatility of 1.04%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.04 %Average volatility
Very Low Low Medium High Very High
The PIMCO California Municipal Income Fund stock holds several negative signals and despite the positive trend we believe PIMCO California Municipal Income Fund will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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!