Technical Analysis for PIC.A - Premium Income Corporation

Grade Last Price % Change Price Change
C 4.240 1.68% 0.070
PIC.A closed down 0.71 percent on Wednesday, December 6, 2023, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 1.68%
Upper Bollinger Band Walk Strength 1.68%
Gapped Up Strength 1.68%
Overbought Stochastic Strength 1.68%
Upper Bollinger Band Touch Strength 1.68%
Pocket Pivot Bullish Swing Setup 0.95%
Upper Bollinger Band Walk Strength 0.95%
Above Upper BB Strength 0.95%
Upper Bollinger Band Touch Strength 0.95%
Gapped Down Weakness 0.95%

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Alert Time
Gapped Up (Full) about 8 hours ago
Rose Above Previous Day's High about 8 hours ago
Rose Above Upper Bollinger Band about 8 hours ago
Up 1 ATR about 8 hours ago
Up 5% about 8 hours ago

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Premium Income Corporation Description

Premium Income Corporation is a split share company. The Fund's investment objectives are to provide preferred shareholders with cumulative preferential quarterly cash distributions of $0.215625 per share; provide Class A shareholders with quarterly cash distributions of $0.20319 per share, and return the original issue price to holders of both preferred shares and Class A shares upon windup of the Fund. It invests approximately 75% of its net asset value (NAV) in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the Banks) and may also invest up to 25% of its NAV in common shares of National Bank of Canada. In addition, the Fund may purchase public investment funds, including exchange-traded funds and other Strathbridge Asset Management Inc. (Strathbridge) funds that provide exposure to such common shares. Strathbridge is the investment manager of the Fund.


Keywords: Bank Exchange Traded Fund Investment Funds Shareholders Asset Management Investment Fund Rate Of Return Montreal Net Asset Value Nova Scotia Canadian Imperial Bank Of Commerce Premium Bank Of Canada Bank Of Commerce National Bank Of Canada Royal Bank Of Canada Bank Of Montreal

Is PIC.A a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 7.67
52 Week Low 3.29
Average Volume 25,042
200-Day Moving Average 5.065
50-Day Moving Average 3.927
20-Day Moving Average 4.034
10-Day Moving Average 4.088
Average True Range 0.137
RSI (14) 60.00
ADX 20.05
+DI 29.994
-DI 15.133
Chandelier Exit (Long, 3 ATRs) 3.880
Chandelier Exit (Short, 3 ATRs) 4.170
Upper Bollinger Bands 4.210
Lower Bollinger Band 3.857
Percent B (%b) 0.89
BandWidth 8.762
MACD Line 0.065
MACD Signal Line 0.045
MACD Histogram 0.0201
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.380
Resistance 3 (R3) 4.397 4.343 4.345
Resistance 2 (R2) 4.343 4.290 4.335 4.333
Resistance 1 (R1) 4.257 4.257 4.230 4.240 4.322
Pivot Point 4.203 4.203 4.190 4.195 4.203
Support 1 (S1) 4.117 4.150 4.090 4.100 4.018
Support 2 (S2) 4.063 4.117 4.055 4.007
Support 3 (S3) 3.977 4.063 3.995
Support 4 (S4) 3.960