Western Assets Income Fund Technical Analysis (NYSE:PAI)
Technical analysis is the study of Price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Western Assets Income Fund Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PAI Chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Western Assets Income Fund. The technical analysis form of Western Assets Income Fund Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Western Assets Income Fund Moving Average
Moving averages help predict the price direction of PAI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $13.88 is above the last closing price of $13.54 and the 50 day moving average of $13.71 is above the last closing price of $13.54. The 10 and 20 day periods can predict short term moving average trends.
Western Assets Income Fund Bollinger Bands
Bollinger bands comprise of a center line usually PAI SMA, and two PAI Price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as Price moves closer towards the lower band. The Price is trading between the average and the lower band in the context of Western Assets Income Fund bollinger bands.
Western Assets Income Fund Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the Price trend, as the indicator is useful in understanding the strength, direction and momentum of the Price. The Western Assets Income Fund MACD line is below the signal line.
Western Assets Income Fund Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 26.03 is the RSI value of PAI stock.