PIMCO CALIFORNIA MUNI INC FD (PCQ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PCQ - US72200N1063
Overall PCQ gets a technical rating of 5 out of 10. In the last year, PCQ was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, PCQ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 8.82, a Stop Loss order could be placed below this zone.
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8.09
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.63 to 8.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.38 from a horizontal line in the daily time frame.
- A support zone ranging from 8.17 to 8.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.84 to 8.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.15 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for PCQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PCQ is neutral. |
| ChartMill Relative Strength | 40.65 | NEUTRAL | PCQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PCQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PCQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PCQ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.89 | NEUTRAL | The RSI value for PCQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PCQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.6 | NEUTRAL | The Stochastics value for PCQ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for PCQ suggests low volalility. |
| Average Directional Index/ADX (14) | 28.92 | POSITIVE | The high ADX value value for PCQ suggests a strong trend. |
8.84
+0.05 (+0.57%)
PIMCO CALIFORNIA MUNI INC FD / PCQ FAQ
What is the ChartMill technical rating of PIMCO CALIFORNIA MUNI INC FD (PCQ) stock?
ChartMill assigns a technical rating of 5 / 10 to PCQ.
What is the current trend direction of PIMCO CALIFORNIA MUNI INC FD (PCQ) stock?
The current trend direction for PIMCO CALIFORNIA MUNI INC FD (PCQ) is Bullish.
What is the RSI signal for PIMCO CALIFORNIA MUNI INC FD (PCQ) stock?
PIMCO CALIFORNIA MUNI INC FD (PCQ) has an RSI value of 51.8918. This indicates that the stock is currently neutral.
What is the short term momentum for PIMCO CALIFORNIA MUNI INC FD (PCQ) stock?
The short term momentum for PIMCO CALIFORNIA MUNI INC FD (PCQ) is neutral.