Pacer Bluestar Engineering The Future ETF Forecast
Red day on Tuesday for Pacer Bluestar Engineering The Future
(Updated on Jun 25, 2024)
The Pacer Bluestar Engineering The Future ETF price fell by -0.179% on the last day (Tuesday, 25th Jun 2024) from $22.34 to $22.30. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.202% from a day low at $22.30 to a day high of $22.35. The price has fallen in 7 of the last 10 days and is down by -1.89% for this period. Volume has increased on the last day by 43 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 132 shares were bought and sold for approximately $2.94 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pacer Bluestar Engineering The Future ETF with a 90% probability to be traded between $20.73 and $22.71 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BULD Signals & Forecast
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. The Pacer Bluestar Engineering The Future ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $22.55 and $22.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -3.65%. Further fall is indicated until a new bottom pivot has been found. Pacer Bluestar Engineering The Future gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pacer Bluestar Engineering The Future ETF
Pacer Bluestar Engineering The Future finds support from accumulated volume at $22.27 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 $0.0450 between high and low, or 0.202%. For the last week the ETF has had daily average volatility of 0.333%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BULD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Pacer Bluestar Engineering The Future Etf to open at $22.32, and during the day (based on 14 day Average True Range), to move between $22.07 and $22.53, which gives a possible trading interval of +/-$0.228 (+/-1.02%) 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 2.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.33 (0.13%) than the support at $22.27 (0.13%), 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 Pacer Bluestar Engineering The Future Etf ETF A Buy?
Pacer Bluestar Engineering The Future holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.797 Sell Candidate Unchanged
Predicted Opening Price for Pacer Bluestar Engineering The Future Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $22.32 ( 0.0673%) | $22.30 |
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 | 22.36 | 0.269% |
| R2 | 22.34 | 0.192% |
| R1 | 22.33 | 0.144% |
| Price | 22.30 | |
| S1 | 22.30 | -0.0098% |
| S2 | 22.29 | -0.0574% |
| S3 | 22.27 | -0.135% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.50 | 5.38% |
| R2 | 23.32 | 4.57% |
| R1 | 22.33 | 0.135% |
| Price | 22.30 | |
| S1 | 22.27 | -0.135% |
| S2 | 21.83 | -2.11% |
| S3 | 21.36 | -4.22% |
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
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