Fri 21'st Apr 2017
PIMCO Dynamic Income Fund Stock Analysis
Technical stock analysis for Fri 21'st Apr 2017
Buy candidate since 2017-04-10 Gain 0.24%
PIMCO Dynamic Income Fund lies in the middle of a narrow and 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 2.0% during the next 3 months and, with 90% probability hold a price between USD 28.54 and USD 30.17 at the end of this period.
PIMCO Dynamic Income 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 USD 29.02 and USD 28.69. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 11, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline 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)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
PIMCO Dynamic Income Fund finds support from accumulated volume at USD 29.02, USD 28.72, and USD 28.58. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 29.11.
The stock is about to test the resistance at USD 29.11. If this level is broken the stock may move faster and we often see a peak at the end of such a break, posing a good sales opportunity as in 90% of the cases you will get a reaction back to the level broken before new gains. A break should be followed by increasing volume else the break may be false and despite a break of the actual resistance level the stock falls back fairly soon.
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 0.11 (0.38%) between high and low. For the last week, the stock has had a daily average volatility of 0.63%.
Our recommended stoploss: USD 27.45 (-5.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)
Several short-term signals, along with a general good trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.