PDI - PIMCO Dynamic Income Fund Tue 24'th Jan 2017
Stock analysis for Tue 24'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-23
PIMCO Dynamic Income Fund Stock Analysis
PIMCO Dynamic Income Fund gained 0.64% in the last trading day, rising from USD 28.02 to USD 28.20. , and has now gained 3 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. The price has risen in 6 of the last 10 days days and is up by 0.28% over the past 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 28 083 more shares were traded than the day before. In total, 229 616 shares bought and sold for approximately USD 6.48 million.
Given the current horizontal trend you can expect PIMCO Dynamic Income Fund with 90% probability to be traded between USD 26.08 and USD 29.10 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.
A buy signal was issued from a pivot bottom point on Thursday January 12, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. PIMCO Dynamic Income Fund holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 28.30. On a fall, the stock will find some support from the short-term average at USD 27.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
PIMCO Dynamic Income Fund finds support from accumulated volume at USD 27.77, USD 26.44, and USD 26.18. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 28.29, USD 28.86 and USD 29.04.
The stock is about to test the resistance from accumulated volume at USD 28.29 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.20 (0.71%) between high and low. For the last week, the stock has had a daily average volatility of 0.75%.
Our recommended stoploss: USD 28.19 (-0.04%) ( criteria: risk and position in trend)
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.