PIMCO HIGH INCOME FUND (PHK) Stock Technical Analysis
NYSE:PHK - New York Stock Exchange, Inc. - US7220141078 - Currency: USD
Overall PHK gets a technical rating of 4 out of 10. In the past year, PHK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
PHK has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.82, a Stop Loss order could be placed below this zone.
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4.38
3 important support areas can be observed.
- A support zone ranging from 4.72 to 4.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.51 to 4.57. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @4.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.83 to 4.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.10 to 5.17. 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 | NEUTRAL | NEUTRAL | The long term trend for PHK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PHK is up. |
| ChartMill Relative Strength | 35.49 | NEUTRAL | PHK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PHK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PHK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PHK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.96 | NEUTRAL | The RSI value for PHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PHK has a positive trend. |
| Stochastics (14,3) | 94.29 | OVERBOUGHT | The high Stochastics value suggests PHK may be overbought. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for PHK suggests low volalility. |
| Average Directional Index/ADX (14) | 18.66 | NEGATIVE | The low ADX value for PHK suggests a weak or negative trend. |
4.83
+0.01 (+0.21%)