Pacer Us Small Cap Cash Cows Growth ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for Pacer Us Small Cap Cash Cows Growth ETF after losing 0.0750%
(Updated on Jun 25, 2024)
The Pacer Us Small Cap Cash Cows Growth ETF price fell by -0.0750% on the last day (Tuesday, 25th Jun 2024) from $23.46 to $23.44. During the last trading day the ETF fluctuated 0.535% from a day low at $23.36 to a day high of $23.48. The price has fallen in 5 of the last 10 days and is down by -1.6% for this period. Volume has increased on the last day by 85 thousand 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, 85 thousand shares were bought and sold for approximately $2.00 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.31% during the next 3 months and, with a 90% probability hold a price between $23.65 and $25.42 at the end of this 3-month period.
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CAFG Signals & Forecast
There are few to no technical positive signals at the moment. 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 $23.53 and $23.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -4.00%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
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 $23.40 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 $0.125 between high and low, or 0.535%. For the last week the ETF has had daily average volatility of 0.627%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAFG) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Pacer Us Small Cap Cash Cows Growth Leaders Etf to open at $23.43, and during the day (based on 14 day Average True Range), to move between $23.21 and $23.68, which gives a possible trading interval of +/-$0.235 (+/-1.00%) 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 2.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.40 (0.18%) than the resistance at $23.70 (1.12%), 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 Us Small Cap Cash Cows Growth Leaders Etf ETF A Buy?
The Pacer Us Small Cap Cash Cows Growth ETF holds several negative signals and despite the positive trend, we believe Pacer Us Small Cap Cash Cows Growth will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.417 Sell Candidate Unchanged
Predicted Opening Price for Pacer Us Small Cap Cash Cows Growth Leaders Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $23.43 ( 0.0708%) | $23.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAFG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.55 | 0.462% |
| R2 | 23.50 | 0.259% |
| R1 | 23.47 | 0.133% |
| Price | 23.44 | |
| S1 | 23.38 | -0.275% |
| S2 | 23.35 | -0.400% |
| S3 | 23.30 | -0.604% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.92 | 2.04% |
| R2 | 23.85 | 1.73% |
| R1 | 23.70 | 1.12% |
| Price | 23.44 | |
| S1 | 23.40 | -0.181% |
| S2 | 22.97 | -2.02% |
| S3 | 22.67 | -3.29% |
CAFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.0371 | 0.156% |
| 2 | Dec 26, 2023 | Dec 27, 2023 | Jan 03, 2024 | $0.0315 | 0.135% |
| 3 | Sep 20, 2023 | Sep 21, 2023 | Sep 27, 2023 | $0.0372 | 0.179% |
| 4 | Jun 21, 2023 | Jun 22, 2023 | Jun 28, 2023 | $0.0235 | 0.107% |
FAQ
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