Technical Analysis for PMB.UN - Picton Mahoney Tactical Income Fund

Grade Last Price % Change Price Change
grade F 7.84 -0.76% -0.060
PMB.UN closed down 0.76 percent on Friday, January 18, 2019, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Flat Flat
See historical PMB.UN trend table...

Date Alert Name Type % Chg
Jan 18 Bearish Engulfing Bearish 0.00%
Jan 18 Fell Below 50 DMA Bearish 0.00%
Jan 18 180 Bearish Setup Bearish Swing Setup 0.00%
Jan 18 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Jan 18 Weak + Overbought Other 0.00%
Jan 18 Weak, Overbought and Reversal Signs Reversal 0.00%
Jan 18 Overbought Stochastic Strength 0.00%
Jan 17 Crossed Above 50 DMA Bullish -0.76%
Jan 17 Stochastic Reached Overbought Strength -0.76%
Jan 17 Outside Day Range Expansion -0.76%

Older signals for PMB.UN ...

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Profile
Picton Mahoney Tactical Income Fund (the Fund) is a closed-end investment fund. The investment objectives of the Fund are to provide holders of Units (Unitholders) with sustainable tax-advantaged monthly distributions; to preserve capital and mitigate risk with less volatility and less correlation to high-yield and equity markets, and to maximize total return to Unitholders through distributions and capital appreciation, in each case through exposure to a diversified portfolio of income producing securities (the Portfolio) which would be actively managed by Picton Mahoney Asset Management (Picton Mahoney), in its capacity as the manager and the portfolio manager of Income Strategies Trust (the IS Trust). The Fund's portfolio consists of long and short positions in high-yield and investment grade bonds, Government bonds, convertible bonds, preferred shares and dividend paying equities, with a focus on North American issuers. The Fund is managed by Picton Mahoney.
Is PMB.UN a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 8.97
52 Week Low 7.6
Average Volume 8,186
200-Day Moving Average 8.2505
50-Day Moving Average 7.8666
20-Day Moving Average 7.753
10-Day Moving Average 7.851
Average True Range 0.0642
ADX 29.47
+DI 37.6795
-DI 13.9183
Chandelier Exit (Long, 3 ATRs ) 7.7374
Chandelier Exit (Short, 3 ATRs ) 7.7926
Upper Bollinger Band 7.9698
Lower Bollinger Band 7.5362
Percent B (%b) 0.7
BandWidth 5.592674
MACD Line 0.0087
MACD Signal Line -0.0163
MACD Histogram 0.025
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.930
Resistance 3 (R3) 7.940 7.920 7.915
Resistance 2 (R2) 7.920 7.897 7.915 7.910
Resistance 1 (R1) 7.880 7.883 7.870 7.870 7.905
Pivot Point 7.860 7.860 7.855 7.855 7.860
Support 1 (S1) 7.820 7.837 7.810 7.810 7.775
Support 2 (S2) 7.800 7.823 7.795 7.770
Support 3 (S3) 7.760 7.800 7.765
Support 4 (S4) 7.750