PIMCO Dynamic Income Fund Stock Forecast
Red day on Thursday for PIMCO Dynamic Income Fund
(Updated on Apr 18, 2024)
The PIMCO Dynamic Income Fund stock price fell by -0.215% on the last day (Thursday, 18th Apr 2024) from $18.62 to $18.58. During the last trading day the stock fluctuated 0.92% from a day low at $18.53 to a day high of $18.70. The price has fallen in 7 of the last 10 days and is down by -5.45% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -225 thousand shares and in total, 1 million shares were bought and sold for approximately $22.23 million.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $19.00 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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PDI Signals & Forecast
There are few to no technical positive signals at the moment. The PIMCO Dynamic Income Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $18.94 and $19.18. 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 08, 2024, and so far it has fallen -5.97%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.
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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.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.
Support, Risk & Stop-loss for PIMCO Dynamic Income Fund stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.170 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PDI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect PIMCO Dynamic Income Fund to open at $18.60, and during the day (based on 14 day Average True Range), to move between $18.37 and $18.79, which gives a possible trading interval of +/-$0.207 (+/-1.12%) up or down from last closing price. If PIMCO Dynamic Income Fund takes out the full calculated possible swing range there will be an estimated 2.23% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $19.01, some $0.430 (2.31%) from the current price of $18.58, our system finds the risk reward not very attractive.
Is PIMCO Dynamic Income Fund stock A Buy?
PIMCO Dynamic Income Fund holds several negative signals and is within a narrow and 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.
Current score: -1.567 Sell Candidate Unchanged
Predicted Opening Price for PIMCO Dynamic Income Fund of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $18.60 ( 0.126%) | $18.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.77 | 1.04 % | |
| R2 | 18.71 | 0.691 % | ||
| R1 | 18.67 | 0.475 % | ||
| Current price: | 18.58 | |||
| Support | S1 | 18.54 | -0.224 % | |
| S2 | 18.50 | -0.440 % | ||
| S3 | 18.43 | -0.789 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.40 | 4.41 % | |
| R2 | 19.33 | 4.04 % | ||
| R1 | 19.01 | 2.31 % | ||
| Current price | 18.58 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PDI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.221 | 1.19% |
| 2 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.221 | 1.14% |
| 3 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.221 | 1.16% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.221 | 1.14% |
| 5 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.221 | 1.22% |
FAQ
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