PTY Forecast and Technical Stock AnalysisSell candidate since 2019-07-17
Pimco Corporate & Income Opportunity Fund gained 0.33% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $18.30 to $18.36 , and has now gained 4 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 day the stock fluctuated 0.39% from a day low at $18.31 to a day high of $18.38. The price has fallen in 5 of the last 10 days and is down by -0.97% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 497 more shares were traded than the day before. In total, 233 890 shares bought and sold for approximately $4.29 million.
- 30 day high of the PTY stock price was $18.98 and low was $18.12.
- 90 day high was $18.98 and low was $17.30.
- 52 week high for the Pimco Corporate & Income Opportunity Fund - $18.98 and low - $13.30.
Pimco Corporate & Income Opportunity Fund lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $18.22 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.29% during the next 3 months and, with 90% probability hold a price between $19.36 and $20.53 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday July 12, 2019, which indicates further gains 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. Pimco Corporate & Income Opportunity Fund holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $18.39 and $18.54. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 42 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Pimco Corporate & Income Opportunity Fund finds support from accumulated volume at $18.25.
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 $0.07 (0.39%) between high and low. For the last week, the stock has had a daily average volatility of 0.83%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.83 %Average volatility
Very Low Low Medium High Very High
The Pimco Corporate & Income Opportunity Fund stock holds several negative signals and despite the positive trend we believe Pimco Corporate & Income Opportunity Fund will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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