PIMCO Dynamic Income Fund Stock Forecast

PIMCO Dynamic Income Fund stock price up 0.0530% on Thursday
(Updated on Apr 25, 2024)

PDI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.56%. Further rise is indicated 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. The PIMCO Dynamic Income Fund stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.13. On a fall, the stock will find some support from the short-term average at $18.73. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

PIMCO Dynamic Income Fund finds support from accumulated volume at $18.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.280 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 0.84%.

PIMCO Dynamic Income Fund is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 26th

For the upcoming trading day on Friday, 26th we expect PIMCO Dynamic Income Fund to open at $18.80, and during the day (based on 14 day Average True Range), to move between $18.67 and $19.07, which gives a possible trading interval of +/-$0.196 (+/-1.04%) 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 2.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.86 (0.05%) than the resistance at $19.01 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is PIMCO Dynamic Income Fund stock A Buy?

PIMCO Dynamic Income Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.008 Sell Candidate Unchanged

Predicted Opening Price for PIMCO Dynamic Income Fund of Friday, April 26, 2024

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