NRGX PIMCO Energy and Tactical Credit Opportunities Fund Forecast, Technical & Fundamental Analysis
NRGX's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for NRGX turned positive on September 25, 2023. Looking at past instances where NRGX's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 20, 2023. You may want to consider a long position or call options on NRGX as a result. In of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where NRGX advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 265 cases where NRGX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
NRGX broke above its upper Bollinger Band on September 25, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Industry description
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MSPTX | 7.92 | 0.08 | +1.02% |
| Morgan Stanley Inst Global Insgt C | |||
| CLXRX | 50.06 | 0.01 | +0.02% |
| Columbia Large Cap Index Inst2 | |||
| QQMNX | 17.99 | -0.08 | -0.44% |
| Federated Hermes MDT Market Neutral IS | |||
| MACGX | 8.35 | -0.06 | -0.71% |
| Morgan Stanley Inst Discovery A | |||
| CMLEX | 47.07 | -0.39 | -0.82% |
| American Funds American Mutual 529E | |||
NRGX and
Correlation & Price change
A.I.dvisor indicates that over the last year, NRGX has been closely correlated with AMZA. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if NRGX jumps, then AMZA could also see price increases.
| Ticker / NAME | Correlation To NRGX | 1D Price Change % | ||
|---|---|---|---|---|
| NRGX | 100% | -0.05% | ||
| AMZA - NRGX | 79% Closely correlated | -0.40% | ||
| AMJ - NRGX | 78% Closely correlated | -0.68% | ||
| FEI - NRGX | 76% Closely correlated | -1.00% | ||
| AMLP - NRGX | 76% Closely correlated | -0.35% | ||
| MLPA - NRGX | 76% Closely correlated | -0.40% | ||
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