PIMCO California Municipal Income Fund III (NYSE:PZC) Technical Review: Awesome Oscillator at -0.15159765

Beginner traders have the tendency to make many mistakes when starting out. Although this comes with the territory, continually making the same mistakes will most likely put the trader on the sidelines very quickly. Learning from previous mistakes is what helps transform a mediocre trader into a good one. Successful traders are highly adept at creating detailed plans, managing risk, and reviewing previous trading records. Scooping up profits from the stock market is no easy task. Even with the best intentions and preparation, things may not work out as planned. Taking a look at the market from various angles may help the trader see the bigger picture. Market environments are constantly changing, and traders need to be ready for these changes and adapt accordingly in order to be successful over the long-term.

Following trading action on shares of PIMCO California Municipal Income Fund III (NYSE:PZC), we see that the stock has moved -0.09 since the opening price of 10.83. So far, the stock has reached a high of 10.88 and dipped to a low of 10.6207. The consensus rating on the stock is currently Sell, and today’s volume has been measured around 86667.

Tracking some stock ratings for PIMCO California Municipal Income Fund III (NYSE:PZC), we can see that the stock’s Moving Average Rating is currently pointing to a “Strong Sell”. Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Buy”.

Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels:

10 day Exponential Moving Average: 11.13499035
20 day Exponential Moving Average: 11.22226262
30 day Exponential Moving Average: 11.25192735
50 day Exponential Moving Average: 11.27359738
100 day Exponential Moving Average: 11.24935414
200 day Exponential Moving Average: 11.10767678

Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 10.6207. The 20 day upper band is 11.5. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.

Traders will take note of the 20 day Chaikin Money Flow indicator that is now at -0.10320167. The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.

The Awesome Oscillator reading is currently -0.15159765. Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.

There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots for  PIMCO California Municipal Income Fund III (NYSE:PZC), we see that the Woodie pivot is currently at 11.3625. The Woodie support 1 pivot is 11.225, and the Woodie resistance 1 pivot is 11.475. The Camarilla one month pivot is presently 11.36666667. The one month Classic pivot is 11.36666667 and the Classic resistance 1 is 11.48333333 while the Classic support 1 pivot is measured at 11.23333333.

Managing the stock portfolio can be a very challenging task. To manage the portfolio successfully, it can take a lot of dedicated time, effort, and perseverance. Studying the market and being in tune with the economic landscape can help investors gain the knowledge that is needed to come out on top. Controlling emotions and consistently following a plan may be the keys to keep the investor on track. As many seasoned investors know, the stock market can be a wild ride full of many ups and downs. Being able to stay calm and focused during the rocky periods can assist the investor when making those highly important portfolio decisions.  

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