PIMCO CORPORATE & INCOME STR (PCN) Stock Technical Analysis
USA - NYSE:PCN - US72200U1007
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.
The technical rating of PCN is bad and it also does not present a quality setup 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
When analyzing the support we notice one important 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 4 important areas.
- A resistance zone ranging from 12.61 to 12.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.15 to 13.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.76 to 13.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.17 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 | 32.96 | NEUTRAL | PCN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PCN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PCN is below a declining 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) | 28.99 | OVERSOLD | The low RSI value suggests PCN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PCN has a negative trend. |
| Stochastics (14,3) | 7.73 | OVERSOLD | The low Stochastics value suggests PCN may be oversold. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for PCN suggests low volalility. |
| Average Directional Index/ADX (14) | 38.7 | POSITIVE | The high ADX value value for PCN suggests a strong trend. |
12.55
-0.06 (-0.48%)
PIMCO CORPORATE & INCOME STR / PCN FAQ
Can you provide the ChartMill technical rating for PIMCO CORPORATE & INCOME STR?
ChartMill assigns a technical rating of 1 / 10 to PCN.
What is the trend direction for PCN stock?
The current trend direction for PIMCO CORPORATE & INCOME STR (PCN) is Bearish.
What is the RSI signal for PIMCO CORPORATE & INCOME STR (PCN) stock?
PIMCO CORPORATE & INCOME STR (PCN) has an RSI value of 28.9921. This indicates that the stock is currently oversold.
What is the MACD signal for PIMCO CORPORATE & INCOME STR (PCN) stock?
The MACD indicator for PIMCO CORPORATE & INCOME STR (PCN) has a value of -0.0352172, indicating a bearish trend.
What is the buy/sell signal for PCN stock?
The buy/sell signal for PIMCO CORPORATE & INCOME STR (PCN) is sell as both the short term and long term trends are negative.