PIMCO CORPORATE & INCOME STR (PCN) Stock Technical Analysis
NYSE:PCN - New York Stock Exchange, Inc. - US72200U1007 - Currency: USD
Taking everything into account, PCN scores 1 out of 10 in our technical rating. PCN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PCN is a bad performer in the overall market: 72% of all stocks are doing better.
PCN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PCN is lagging the market slightly.
In the last month PCN has a been trading in a tight range between 12.46 and 12.86.
PCN has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.20
14.45
We found 1 important support area.
- A support zone ranging from 12.32 to 12.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 12.55 to 12.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.19 from a trend line in the weekly time frame.
- A resistance zone ranging from 13.55 to 13.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 13.83 to 13.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.31 to 14.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PCN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PCN is down. |
| ChartMill Relative Strength | 28.12 | NEGATIVE | PCN has a low relative strength, it was outperformed by 71.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PCN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PCN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.15 | NEUTRAL | The RSI value for PCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PCN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.87 | OVERSOLD | The low Stochastics value suggests PCN may be oversold. |
| Average True Range in percent/ATR (20) | 0.8 | LOW VOLATILITY | The low ATR as a percentage value for PCN suggests low volalility. |
| Average Directional Index/ADX (14) | 28.83 | POSITIVE | The high ADX value value for PCN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
12.55
+0.06 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.48%
1 Week-1.18%
2 Weeks-1.88%
1 Month-2.26%
3 Month-7.58%
6 Month-6.55%
12 Month-4.2%
2 Year-4.27%
3 Year-0.79%
5 Year-20.67%
10 Year-11.62%
15 Year-17.54%
Volatility
ATR(14)0.09
ATR(20)%0.8%
ATR Inc-20.3%
Range Today0.09
ADR(20)0.1
ADR(20)%0.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.12
Mansfield-1.04
10 Day High12.81
10 Day Low12.46
20 Day High12.86
20 Day Low12.46
52 Week High14.36
52 Week Low11.3
CS1 End12.35
CR1 Start12.55
Volume & EV
DER(3)3.39%
DER(5)-0.92%
Volume527.40K
Volume Incr33.24%
Vol(5)280.26K
Vol(50)272.23K