Pimco High Income Fund Stock Forecast
Pimco High Income Fund stock price up 0.525% on Tuesday
(Updated on Apr 23, 2024)
The Pimco High Income Fund stock price gained 0.525% on the last trading day (Tuesday, 23rd Apr 2024), rising from $4.76 to $4.79. During the last trading day the stock fluctuated 0.418% from a day low at $4.78 to a day high of $4.80. The price has been going up and down for this period, and there has been a -4.11% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 421 thousand shares were bought and sold for approximately $2.02 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.18% during the next 3 months and, with a 90% probability hold a price between $4.52 and $4.87 at the end of this 3-month period.
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PHK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 3.35%. 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 High 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 $4.89. On a fall, the stock will find some support from the short-term average at $4.73. 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).
Support, Risk & Stop-loss for Pimco High Income Fund stock
Pimco High Income Fund finds support from accumulated volume at $4.76 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 $0.0200 (0.418%) between high and low. For the last week, the stock has had daily average volatility of 0.85%.
Our recommended stop-loss: $4.53 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (PHK) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Pimco High Income Fund to open at $4.79, and during the day (based on 14 day Average True Range), to move between $4.73 and $4.84, which gives a possible trading interval of +/-$0.0584 (+/-1.22%) up or down from last closing price. If Pimco High Income Fund takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.76 (0.52%) than the resistance at $4.88 (1.99%), 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 High Income Fund stock A Buy?
Pimco High Income Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.142 Hold/Accumulate Unchanged
Predicted Opening Price for Pimco High Income Fund of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$4.79 ( 0.0697%) | $4.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.81 | 0.488 % | |
R2 | 4.80 | 0.328 % | ||
R1 | 4.80 | 0.229 % | ||
Current price: | 4.79 | |||
Support | S1 | 4.78 | -0.0900 % | |
S2 | 4.78 | -0.189 % | ||
S3 | 4.77 | -0.348 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.96 | 3.66 % | |
R2 | 4.95 | 3.45 % | ||
R1 | 4.88 | 1.99 % | ||
Current price | 4.79 | |||
Support | S1 | 4.76 | -0.522% | |
S2 | 4.71 | -1.57% | ||
S3 | 4.63 | -3.24% |
PHK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 10, 2024 | May 01, 2024 | $0.0480 | 1.00% |
2 | Mar 01, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.0480 | 0.97% |
3 | Feb 01, 2024 | Feb 09, 2024 | Mar 01, 2024 | $0.0480 | 0.97% |
4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0480 | 0.97% |
5 | Dec 01, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.0480 | 0.96% |
FAQ
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