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PYN Stock Tickeron detected bullish ETF Pattern: Triangle Descending on May 19, 2025

A.I.dvisor
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Triangle Descending
PYN - PIMCO New York Municipal Income Fund III
Tickeron
Emerged: 05/19/25
Breakout: $5.47
Price: $5.38
Target price: $5.57
A.I.dvisor detected a bullish Triangle Descending pattern for PYN stock. This pattern was detected on May 19, 2025 . The odds of reaching the target price are 6. The Descending Triangle pattern is formed when the price of a security establishes a support level (1, 3, 5) and bounces off that level to a declining resistance level, creating a down-sloping top line (2, 4). Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.

PYN's RSI Oscillator ascends from oversold territory

The RSI Oscillator for PYN moved out of oversold territory on April 24, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 34 similar instances when the indicator left oversold territory. In of the 34 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Moving Average Convergence Divergence (MACD) for PYN just turned positive on April 25, 2025. Looking at past instances where PYN's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PYN advanced for three days, in of 286 cases, the price rose further within the following month. The odds of a continued upward trend are .

PYN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 256 cases where PYN 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 Momentum Indicator moved below the 0 level on May 20, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on PYN as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PYN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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General Information

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Fundamentals
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Category
Muni New York Long
Address
1345 Avenue of the Americas, 47th FlNew York
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Web
https://investments.pimco.com/Products/Pages/PlCEF.aspx