PIMCO Income Strategy Fund II Stock Forecast
PIMCO Income Strategy Fund II stock price up 0.674% on Wednesday
(Updated on Mar 27, 2024)
The PIMCO Income Strategy Fund II stock price gained 0.674% on the last trading day (Wednesday, 27th Mar 2024), rising from $7.42 to $7.47. During the last trading day the stock fluctuated 0.88% from a day low at $7.42 to a day high of $7.49. The price has risen in 5 of the last 10 days and is up by 1.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 143 thousand more shares were traded than the day before. In total, 292 thousand shares were bought and sold for approximately $2.18 million.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $7.52 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect PIMCO Income Strategy Fund II stock with a 90% probability to be traded between $7.22 and $7.48 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PFN Signals & Forecast
Mostly positive signals in the chart today. The PIMCO Income Strategy Fund II stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.37 and $7.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 2.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for PIMCO Income Strategy Fund II stock
PIMCO Income Strategy Fund II finds support from accumulated volume at $7.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0650 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 0.769%.
Our recommended stop-loss: $7.07 (-5.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (PFN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect PIMCO Income Strategy Fund II to open at $7.46, and during the day (based on 14 day Average True Range), to move between $7.38 and $7.56, which gives a possible trading interval of +/-$0.0854 (+/-1.14%) up or down from last closing price. If PIMCO Income Strategy Fund II takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.48 (0.13%) than the support at $7.39 (1.07%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PIMCO Income Strategy Fund II stock A Buy?
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 PIMCO Income Strategy Fund II stock to perform well in the short-term period.
Current score: 2.414 Buy Candidate Unchanged
Predicted Opening Price for PIMCO Income Strategy Fund II of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$7.46 ( 0.156%) | $7.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.52 | 0.714 % | |
R2 | 7.50 | 0.382 % | ||
R1 | 7.48 | 0.176 % | ||
Current price: | 7.47 | |||
Support | S1 | 7.43 | -0.489 % | |
S2 | 7.42 | -0.694 % | ||
S3 | 7.39 | -1.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.53 | 0.80 % | |
R2 | 7.50 | 0.402 % | ||
R1 | 7.48 | 0.134 % | ||
Current price | 7.47 | |||
Support | S1 | 7.39 | -1.07% | |
S2 | 7.38 | -1.20% | ||
S3 | 7.36 | -1.47% |
PFN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.0718 | 0.96% |
2 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.0718 | 0.97% |
3 | Jan 11, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0718 | 0.96% |
4 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.0718 | 1.00% |
5 | Nov 01, 2023 | Nov 10, 2023 | Dec 01, 2023 | $0.0720 | 1.02% |
FAQ
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