Pacer Us Small Cap Cash Cows Growth ETF Forecast

Stronger technical forecast for Pacer Us Small Cap Cash Cows Growth ETF price after Monday trading.
(Updated on Jun 17, 2024)

CAFG Signals & Forecast

The Pacer Us Small Cap Cash Cows Growth 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 $23.78 and $23.90. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.86%. Further rise is indicated until a new top pivot has been found. Pacer Us Small Cap Cash Cows Growth has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Pacer Us Small Cap Cash Cows Growth ETF

Pacer Us Small Cap Cash Cows Growth finds support from accumulated volume at $23.57 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 $0.320 between high and low, or 1.36%. For the last week the ETF has had daily average volatility of 0.82%.

Our recommended stop-loss: $22.28 (-5.99%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (CAFG) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Pacer Us Small Cap Cash Cows Growth Leaders Etf to open at $23.65, and during the day (based on 14 day Average True Range), to move between $23.43 and $23.98, which gives a possible trading interval of +/-$0.275 (+/-1.16%) up or down from last closing price. If Pacer Us Small Cap Cash Cows Growth Leaders Etf takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.74 (0.15%) than the support at $23.57 (0.57%), 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 Us Small Cap Cash Cows Growth Leaders Etf ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 1.268 Buy Candidate Upgraded

Predicted Opening Price for Pacer Us Small Cap Cash Cows Growth Leaders Etf of Tuesday, June 18, 2024

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