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 1 out of 10. PHK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, PHK does present a nice setup opportunity. 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 4.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PHK in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.73 to 4.78. 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 4.55. 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.
We can see 3 important resistance areas.
- Resistance @4.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.95 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 | DOWN | NEGATIVE | The long term trend for PHK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PHK is up. |
| ChartMill Relative Strength | 37.95 | NEUTRAL | PHK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PHK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PHK is above a declining 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) | 58.17 | NEUTRAL | The RSI value for PHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PHK has a positive trend. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests PHK may be overbought. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for PHK suggests low volalility. |
| Average Directional Index/ADX (14) | 18.8 | NEGATIVE | The low ADX value for PHK suggests a weak or negative trend. |
NYSE:PHK (6/6/2025, 8:19:31 PM)
4.8
+0.02 (+0.42%)