PIMCO Corporate & Income Opps Common Stock Forecast
Red day on Thursday for PIMCO Corporate & Income Opps Common
(Updated on Apr 25, 2024)
No changes to the price of PIMCO Corporate & Income Opps Common stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £0.88 to a day high of £0.88. The price has been going up and down for this period, and there has been a 6.06% gain for the last 2 weeks.
The stock lies in the middle of a very wide and 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 -3.87% during the next 3 months and, with a 90% probability hold a price between £0.648 and £1.02 at the end of this 3-month period.
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PTY.L Signals & Forecast
The PIMCO Corporate & Income Opps Common stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.87 and £0.84. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PIMCO Corporate & Income Opps Common stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.83 and £0.750. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PIMCO Corporate & Income Opps Common finds support just below today's level at £0.83. If this is broken, then the next support from accumulated volume will be at £0.750 and £0.715.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.06%
Our recommended stop-loss: £0.84 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PTY.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect PIMCO Corporate & Income Opps Common to open at £0.88, and during the day (based on 14 day Average True Range), to move between £0.83 and £0.92, which gives a possible trading interval of +/-£0.0407 (+/-4.65%) up or down from last closing price. If PIMCO Corporate & Income Opps Common takes out the full calculated possible swing range there will be an estimated 9.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.83 (5.71%) than the resistance at £0.95 (8.57%), 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 Corporate & Income Opps Common stock A Buy?
PIMCO Corporate & Income Opps Common 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: -0.063 Hold/Accumulate Unchanged
Predicted Opening Price for PIMCO Corporate & Income Opps Common of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
£0.88 ( 0%) | £0.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTY.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.88 | . | |
R2 | 0.88 | . | ||
R1 | 0.88 | . | ||
Current price: | 0.88 | |||
Support | S1 | 0.88 | . | |
S2 | 0.88 | . | ||
S3 | 0.88 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.04 | 18.63 % | |
R2 | 1.00 | 14.29 % | ||
R1 | 0.95 | 8.57 % | ||
Current price | 0.88 | |||
Support | S1 | 0.83 | -5.71% | |
S2 | 0.750 | -14.29% | ||
S3 | 0.715 | -18.29% |
PTY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 17, 2004 | Jun 02, 2004 | Jul 05, 2004 | £0.0290 | 0.264% |
2 | Mar 18, 2003 | May 28, 2003 | Jul 01, 2003 | £0.0580 | 0.545% |
3 | Sep 25, 2002 | Oct 02, 2002 | Nov 06, 2002 | £0.193 | 1.36% |
4 | Mar 14, 2002 | Apr 03, 2002 | Jul 01, 2002 | £1.52 | 4.08% |
5 | Sep 04, 2001 | Oct 03, 2001 | Nov 07, 2001 | £0.90 | 1.33% |
FAQ
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