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Trend Tracker for (PFN)

Longer Term Trading Plans for PFN
  • Buy PFN slightly over 7.23 target 7.62 stop loss @ 7.21 Details
  • The technical summary data tells us to buy PFN near 7.23 with an upside target of 7.62. This data also tells us to set a stop loss @ 7.21 to protect against excessive loss in case the stock begins to move against the trade. 7.23 is the first level of support below 7.51 , and by rule, any test of support is a buy signal. In this case, support 7.23 is being tested, a buy signal would exist.

  • Short PFN slightly under 7.62, target 7.23, stop loss @ 7.64 Details
  • The technical summary data is suggesting a short of PFN as it gets near 7.62 with a downside target of 7.23. We should have a stop loss in place at 7.64though. 7.62 is the first level of resistance above 7.51, and by rule, any test of resistance is a short signal. In this case, if resistance 7.62 is being tested, a short signal would exist.

Swing Trading Plans for PFN
  • Buy PFN slightly over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy PFN just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 7.51, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short PFN slightly near n/a, target 7.23, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of PFN if it tests n/a with a downside target of 7.23. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PFN
  • Buy PFN slightly over 7.62, target n/a, Stop Loss @ 7.6 Details
  • If 7.62 begins to break higher, the technical summary data tells us to buy PFN just slightly over 7.62, with an upside target of n/a. The data also tells us to set a stop loss @ 7.6 in case the stock turns against the trade. 7.62 is the first level of resistance above 7.51, and by rule, any break above resistance is a buy signal. In this case, 7.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short PFN slightly near 7.62, target 7.23, Stop Loss @ 7.64. Details
  • The technical summary data is suggesting a short of PFN if it tests 7.62 with a downside target of 7.23. We should have a stop loss in place at 7.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 7.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Pimco Income Strategy Fund Ii (PFN) Page here: PFN.

PFN Ratings for April 03:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 6.8
P2 7.52 7.58 7.23
P3 0 7.62
Triggers may have already come
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Support and Resistance Plot Chart for PFN

PFN Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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The data for Pimco Income Strategy Fund Ii (NYSE: PFN) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PFN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PFN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PFN too.  All of these are offered below the Summary Table.