PIMCO NEW YORK MUNI FND III (PYN) Stock Technical Analysis
USA - NYSE:PYN - US72201E1055
We assign a technical rating of 0 out of 10 to PYN. PYN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, PYN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.12, a Stop Loss order could be placed below this zone.
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5.02
When analyzing the support we notice one important area.
- A support zone ranging from 5.07 to 5.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 5.19 to 5.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @5.38 from a horizontal line in the daily time frame.
- Resistance @5.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.71 to 5.78. 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 | NEUTRAL | NEUTRAL | The short term trend for PYN is neutral. |
| ChartMill Relative Strength | 18.27 | NEGATIVE | PYN has a low relative strength, it was outperformed by 81.73% 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) | 45.09 | NEUTRAL | The RSI value for PYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PYN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.69 | NEUTRAL | The Stochastics value for PYN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for PYN suggests some volalility. |
| Average Directional Index/ADX (14) | 46.93 | POSITIVE | The high ADX value value for PYN suggests a strong trend. |
5.15
+0.04 (+0.78%)
PIMCO NEW YORK MUNI FND III / PYN FAQ
What is the ChartMill technical rating of PIMCO NEW YORK MUNI FND III (PYN) stock?
ChartMill assigns a technical rating of 0 / 10 to PYN.
What is the current trend direction of PIMCO NEW YORK MUNI FND III (PYN) stock?
The current trend direction for PIMCO NEW YORK MUNI FND III (PYN) is Bearish.
Can you provide the RSI signal for PIMCO NEW YORK MUNI FND III?
PIMCO NEW YORK MUNI FND III (PYN) has an RSI value of 45.0912. This indicates that the stock is currently neutral.
What is the support and resistance level for PYN stock?
PIMCO NEW YORK MUNI FND III (PYN) has a support level at 5.12 and a resistance level at 5.19. Check the full technical report for our detailed analysis of PYN support and resistance levels.