PIMCO NEW YORK MUNI FND III (PYN) Stock Technical Analysis
NYSE:PYN - New York Stock Exchange, Inc. - US72201E1055 - Currency: USD
We assign a technical rating of 0 out of 10 to PYN. PYN'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
78% of all other stocks performed better in the past year than PYN.
PYN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PYN has a been trading in the 5.20 - 6.28 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: PYN has an average volume of 23818 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Although the technical rating is bad, PYN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 5.25, a Stop Loss order could be placed below this zone.
More info and screens
5.15
6.16
When analyzing the support we notice one important area.
- A support zone ranging from 5.20 to 5.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 5.27 to 5.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.67 from a trend line in the daily time frame.
- A resistance zone ranging from 5.78 to 5.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.99 to 5.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.10 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for PYN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PYN is down. |
| ChartMill Relative Strength | 22.45 | NEGATIVE | PYN has a low relative strength, it was outperformed by 77.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PYN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PYN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PYN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.74 | NEUTRAL | The RSI value for PYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PYN has a positive trend. |
| Stochastics (14,3) | 7.1 | OVERSOLD | The low Stochastics value suggests PYN may be oversold. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for PYN suggests some volalility. |
| Average Directional Index/ADX (14) | 50.41 | POSITIVE | The high ADX value value for PYN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.27
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.19%
2 Weeks0.19%
1 Month-2.41%
3 Month-8.67%
6 Month-6.73%
12 Month-9.76%
2 Year-16.22%
3 Year-32.78%
5 Year-43.94%
10 Year-43.27%
15 Year-44.23%
Volatility
ATR(14)0.21
ATR(20)%3.14%
ATR Inc-69.32%
Range Today0.05
ADR(20)0.16
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.45
Mansfield-1.36
10 Day High5.55
10 Day Low5.2
20 Day High6.28
20 Day Low5.2
52 Week High6.37
52 Week Low5.07
CS1 End5.25
CR1 Start5.27
Volume & EV
DER(3)0.61%
DER(5)1.74%
Volume22.40K
Volume Incr17.68%
Vol(5)23.26K
Vol(50)23.82K