PIMCO Active Bond Exchange-Traded Fund ETF Forecast

Stronger technical forecast for PIMCO Active Bond Exchange-Traded Fund ETF price after Friday trading.
(Updated on Jun 28, 2024)

BOND Signals & Forecast

The PIMCO Active Bond Exchange-Traded Fund ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $91.47. On a fall, the ETF will find some support from the long-term average at approximately $90.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.719%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Tuesday, June 11, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for PIMCO Active Bond Exchange-Traded Fund ETF

PIMCO Active Bond Exchange-Traded Fund finds support from accumulated volume at $90.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.670 between high and low, or 0.736%. For the last week the ETF has had daily average volatility of 0.263%.

Our recommended stop-loss: $88.14 (-3.23%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (BOND) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect PIMCO Active Bond Exchange-Traded Fund to open at $91.25, and during the day (based on 14 day Average True Range), to move between $90.70 and $91.46, which gives a possible trading interval of +/-$0.385 (+/-0.42%) up or down from last closing price. If PIMCO Active Bond Exchange-Traded Fund takes out the full calculated possible swing range there will be an estimated 0.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $91.14 (0.07%) than the support at $90.50 (0.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is PIMCO Active Bond Exchange-Traded Fund ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PIMCO Active Bond Exchange-Traded Fund ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.294 Buy Candidate Upgraded

Predicted Opening Price for PIMCO Active Bond Exchange-Traded Fund of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.