RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PTY
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Pimco Corporate & Income Opportunity stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 18, 2024 Gain 9.74% PDF

The Pimco Corporate & Income Opportunity stock price gained 0.0673% on the last trading day (Thursday, 28th Mar 2024), rising from $14.86 to $14.87. It has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.464% from a day low at $14.84 to a day high of $14.91. The price has risen in 10 of the last 10 days and is up by 2.76% over the past 2 weeks. Volume fell on the last day by -72 thousand shares and in total, 440 thousand shares were bought and sold for approximately $6.54 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 9.90% during the next 3 months and, with a 90% probability hold a price between $16.10 and $16.47 at the end of this 3-month period.

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PTY Signals & Forecast

Mostly positive signals in the chart today. The Pimco Corporate & Income Opportunity 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 $14.76 and $14.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 9.82%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Pimco Corporate & Income Opportunity stock

Pimco Corporate & Income Opportunity finds support from accumulated volume at $14.13 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 $0.0688 between high and low, or 0.464%. For the last week the stock has had daily average volatility of 0.690%.

Since the Pimco Corporate & Income Opportunity has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $14.44 (-2.86%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 50 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Pimco Corporate & Income Opportunity Fund to open at $14.87, and during the day (based on 14 day Average True Range), to move between $14.76 and $14.98, which gives a possible trading interval of +/-$0.109 (+/-0.73%) up or down from last closing price. If Pimco Corporate & Income Opportunity Fund takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $14.13, some $0.740 (4.98%) from the current price of $14.87, our system finds the risk reward attractive.

Is Pimco Corporate & Income Opportunity Fund 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 Corporate & Income Opportunity 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: 4.512 Buy Candidate Upgraded

Predicted Opening Price for Pimco Corporate & Income Opportunity Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$14.87 ( 0.0251%) $14.87

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

Trading levels for PTY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.94 0.488 %
R2 14.92 0.311 %
R1 14.90 0.202 %
Current price: 14.87
Support S1 14.85 -0.152 %
S2 14.83 -0.261 %
S3 14.80 -0.438 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 14.87
Support S1 14.13 -4.98%
S2 14.09 -5.25%
S3 13.84 -6.93%

PTY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 08, 2024 Apr 01, 2024 $0.119 0.799%
2 Feb 01, 2024 Feb 09, 2024 Mar 01, 2024 $0.119 0.83%
3 Jan 11, 2024 Jan 11, 2024 Feb 01, 2024 $0.119 0.85%
4 Dec 01, 2023 Dec 08, 2023 Jan 02, 2024 $0.119 0.89%
5 Nov 01, 2023 Nov 10, 2023 Dec 01, 2023 $0.119 0.85%

FAQ

What is the symbol for Pimco Corporate & Income Opportunity Fund Stock and on which exchange is it traded?
The symbol for Pimco Corporate & Income Opportunity Fund is PTY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Pimco Corporate & Income Opportunity Fund 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 Corporate & Income Opportunity 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 Corporate & Income Opportunity Fund Stock?
Pimco Corporate & Income Opportunity Fund 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 Corporate & Income Opportunity Fund Stock.

What's the current price of Pimco Corporate & Income Opportunity Fund Stock?
As of the end of day on the 2024-03-28, the price of an Pimco Corporate & Income Opportunity Fund (PTY) share was $14.87.

What is the 52-week high and low for Pimco Corporate & Income Opportunity Fund Stock?
The 52-week high for Pimco Corporate & Income Opportunity Fund Stock is $15.00 and the 52-week low is $11.92.

What is the market capitalization of Pimco Corporate & Income Opportunity Fund Stock?
As of the 2024-03-28, the market capitalization of Pimco Corporate & Income Opportunity Fund is 2.275B.
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About Pimco Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB. The fund focuses... PTY Profile

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