PIMCO MUNICIPAL INCOME FD II (PML) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PML - US72200W1062
Overall PML gets a technical rating of 2 out of 10. PML scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 75% of all other stocks performed better in the past year than PML.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- PML is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PML is lagging the market.
- In the last month PML has a been trading in a tight range between 7.45 and 7.67.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PML 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 7.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.60, a Stop Loss order could be placed below this zone.
More info and screens
7.03
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.43 to 7.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.29 to 7.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.10 to 7.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.63 to 7.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.96 to 7.98. 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 PML is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PML is neutral. |
| ChartMill Relative Strength | 25.51 | NEGATIVE | PML has a low relative strength, it was outperformed by 74.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PML is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PML is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PML is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.08 | NEUTRAL | The RSI value for PML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PML has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.75 | OVERBOUGHT | The high Stochastics value suggests PML may be overbought. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for PML suggests low volalility. |
| Average Directional Index/ADX (14) | 22.61 | NEUTRAL | The ADX value for PML suggests a possible start of a new trend. |
7.62
-0.04 (-0.52%)
PIMCO MUNICIPAL INCOME FD II / PML FAQ
Can you provide the ChartMill technical rating for PIMCO MUNICIPAL INCOME FD II?
ChartMill assigns a technical rating of 2 / 10 to PML.
What is the trend direction for PML stock?
The current trend direction for PIMCO MUNICIPAL INCOME FD II (PML) is Bearish.
What is the RSI signal for PIMCO MUNICIPAL INCOME FD II (PML) stock?
PIMCO MUNICIPAL INCOME FD II (PML) has an RSI value of 50.0761. This indicates that the stock is currently neutral.
What is the MACD signal for PIMCO MUNICIPAL INCOME FD II (PML) stock?
The MACD indicator for PIMCO MUNICIPAL INCOME FD II (PML) has a value of 0.0153177, indicating a bearish trend.
Can you provide the short term momentum for PIMCO MUNICIPAL INCOME FD II?
The short term momentum for PIMCO MUNICIPAL INCOME FD II (PML) is neutral.