Stronger Sell Today PTY ranks #3523 as SELL CANDIDATE #3523 Weaker Sell

PTY stock forecast Pimco Corporate & Income Opportunity Fund

PTY stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

PTY Forecast and Technical Stock Analysis

Sell 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.

Quick summary:

  • 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.
Top Trending Stocks

Trend

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.

Top Golden Star Stocks

Signals

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.

A buy signal from a double bottom formation was found on Friday July 12, 2019 and based on theory for this formation the price should go up by 0.58% to $18.72 within 9 trading days since signal was issued (Thursday July 25, 2019).

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.

Support: $18.25 Price: $18.36 Resistance: $18.68

Risk

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

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

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.

Stronger Sell Today PTY ranks #3523 as SELL CANDIDATE #3523 Weaker Sell

Will PTY stock price go up or down on Fri, 19 Jul 2019?

Predict
Trading With Moving Average
As an investor, you always seek to understand what other... Full Article
Pivot Points
Pivot Points refer to points of significant change. As a... Full Article
Accumulated Volume - Support and Resistance
Volume is perhaps the best indicator of all and should... Full Article
Volume - The Indicator You Really Need to Know
Many new traders getting into the world of technical analysis... Full Article
We Give Back!
In 2016 StockInvest.us donated to NGO Goodwill projects to help purchase medical... Full Article
Better Buy: Amazon vs. Facebook
Amazon's stock slipped 21% over the past six months, as... Full Article

Proudly made at

ROCKIT