PIMCO HIGH INCOME FUND (PHK) Stock Technical Analysis
NYSE:PHK - New York Stock Exchange, Inc. - US7220141078 - Currency: USD
Taking everything into account, PHK scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PHK was also a bad performer in the overall market in the last year.
PHK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.80. 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.
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4.38
3 important support areas can be observed.
- A support zone ranging from 4.72 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 4.57. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.80 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 | 33.56 | 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) | 53.76 | NEUTRAL | The RSI value for PHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PHK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for PHK is a neutral value. |
| 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) | 22.67 | NEUTRAL | The ADX value for PHK suggests a possible start of a new trend. |
4.78
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