Pacer Bluestar Engineering The Future ETF Forecast
Stronger technical forecast for Pacer Bluestar Engineering The Future ETF price after Monday trading.
(Updated on Jun 17, 2024)
The Pacer Bluestar Engineering The Future ETF price gained 1.56% on the last trading day (Monday, 17th Jun 2024), rising from $22.41 to $22.76. During the last trading day the ETF fluctuated 0% from a day low at $22.76 to a day high of $22.76. The price has fallen in 6 of the last 10 days but is still up by 2.29% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 7 shares were bought and sold for approximately $159.32 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $23.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -3.82% during the next 3 months and, with a 90% probability hold a price between $19.98 and $22.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BULD Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Pacer Bluestar Engineering The Future ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.73 and $22.44. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Pacer Bluestar Engineering The Future ETF
Pacer Bluestar Engineering The Future finds support from accumulated volume at $22.60 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.189%
Our recommended stop-loss: $21.81 (-4.16%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (BULD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Pacer Bluestar Engineering The Future Etf to open at $22.76, and during the day (based on 14 day Average True Range), to move between $22.50 and $23.02, which gives a possible trading interval of +/-$0.258 (+/-1.13%) up or down from last closing price. If Pacer Bluestar Engineering The Future Etf takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.60 (0.70%) than the resistance at $23.32 (2.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pacer Bluestar Engineering The Future Etf ETF A Buy?
Pacer Bluestar Engineering The Future holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.665 Hold/Accumulate Upgraded
Predicted Opening Price for Pacer Bluestar Engineering The Future Etf of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$22.76 ( 0%) | $22.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BULD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.76 | - |
R2 | 22.76 | - |
R1 | 22.76 | - |
Price | 22.76 | |
S1 | 22.76 | - |
S2 | 22.76 | - |
S3 | 22.76 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.03 | 5.58% |
R2 | 23.50 | 3.25% |
R1 | 23.32 | 2.46% |
Price | 22.76 | |
S1 | 22.60 | -0.703% |
S2 | 22.41 | -1.54% |
S3 | 22.33 | -1.89% |
BULD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 26, 2023 | Dec 27, 2023 | Jan 03, 2024 | $0.0089 | 0.0423% |
2 | Jun 21, 2023 | Jun 22, 2023 | Jun 28, 2023 | $0.0375 | 0.176% |
3 | Dec 21, 2022 | Dec 22, 2022 | Dec 29, 2022 | $0.0142 | 0.0809% |
FAQ
Click here for our free guide on how to buy Pacer Bluestar Engineering The Future Etf ETF.