RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PML
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Pimco Municipal Income Fund II stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Pimco Municipal Income Fund II stock price gained 0.592% on the last trading day (Thursday, 28th Mar 2024), rising from $8.45 to $8.50. It 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. During the last trading day the stock fluctuated 1.18% from a day low at $8.45 to a day high of $8.55. The price has risen in 6 of the last 10 days and is up by 2.29% 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, 126 thousand more shares were traded than the day before. In total, 246 thousand shares were bought and sold for approximately $2.09 million.

The stock 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 2.62% during the next 3 months and, with a 90% probability hold a price between $8.56 and $8.94 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PML Signals & Forecast

Mostly positive signals in the chart today. The Pimco Municipal Income 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 $8.45 and $8.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 2.29%. 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 Municipal Income Fund II stock

Pimco Municipal Income Fund II finds support from accumulated volume at $8.47 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 $0.100 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 0.684%.

Our recommended stop-loss: $8.03 (-5.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (PML) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Pimco Municipal Income Fund II to open at $8.50, and during the day (based on 14 day Average True Range), to move between $8.43 and $8.57, which gives a possible trading interval of +/-$0.0718 (+/-0.85%) up or down from last closing price. If Pimco Municipal Income Fund II takes out the full calculated possible swing range there will be an estimated 1.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.52 (0.24%) than the support at $8.47 (0.35%), 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 Municipal Income Fund II stock A Buy?

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 Pimco Municipal Income Fund II stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.387 Buy Candidate Upgraded

Predicted Opening Price for Pimco Municipal Income Fund II of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.50 ( 0%) $8.50

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

Trading levels for PML

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.60 1.18 %
R2 8.56 0.727 %
R1 8.54 0.449 %
Current price: 8.50
Support S1 8.46 -0.449 %
S2 8.44 -0.727 %
S3 8.40 -1.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.57 0.82 %
R2 8.55 0.588 %
R1 8.52 0.235 %
Current price 8.50
Support S1 8.47 -0.353%
S2 8.41 -1.06%
S3 8.30 -2.35%

PML Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 08, 2024 Apr 01, 2024 $0.0395 0.465%
2 Feb 01, 2024 Feb 09, 2024 Mar 01, 2024 $0.0395 0.461%
3 Jan 02, 2024 Jan 11, 2024 Feb 01, 2024 $0.0395 0.460%
4 Dec 01, 2023 Dec 08, 2023 Jan 02, 2024 $0.0395 0.475%
5 Nov 01, 2023 Nov 10, 2023 Dec 01, 2023 $0.0400 0.489%

FAQ

What is the symbol for Pimco Municipal Income Fund II Stock and on which exchange is it traded?
The symbol for Pimco Municipal Income Fund II is PML and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Pimco Municipal Income Fund II Stock?
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 Pimco Municipal Income Fund II stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Pimco Municipal Income Fund II Stock?
Pimco Municipal Income Fund II Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pimco Municipal Income Fund II Stock.

What's the current price of Pimco Municipal Income Fund II Stock?
As of the end of day on the 2024-03-28, the price of an Pimco Municipal Income Fund II (PML) share was $8.50.

What is the 52-week high and low for Pimco Municipal Income Fund II Stock?
The 52-week high for Pimco Municipal Income Fund II Stock is $9.46 and the 52-week low is $6.92.

What is the market capitalization of Pimco Municipal Income Fund II Stock?
As of the 2024-03-28, the market capitalization of Pimco Municipal Income Fund II is 561.219M.

When is the next earnings date for Pimco Municipal Income Fund II?
The upcoming earnings date for Pimco Municipal Income Fund II is Aug 30, 2024.
Click to get the best stock tips daily for free!

About Pimco Municipal Income Fund II

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors. It seeks to invest primarily in municipal bonds, variable rate notes, variable rate demand notes, and U.S. treasury bills. ... PML Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT