Pacer US Cash Cows 100 ETF Forecast
Evaluation of Pacer US Cash Cows 100 ETF downgraded after the last trading session.
(Updated on May 06, 2024)
The Pacer US Cash Cows 100 ETF price gained 0.675% on the last trading day (Monday, 6th May 2024), rising from $54.78 to $55.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.574% from a day low at $55.01 to a day high of $55.33. The price has risen in 6 of the last 10 days but is still down by -0.4% for this period. Volume fell on the last day by -269 thousand shares and in total, 2 million shares were bought and sold for approximately $112.17 million. 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 in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $54.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 6.08% during the next 3 months and, with a 90% probability hold a price between $57.71 and $63.19 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
COWZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pacer US Cash Cows 100 ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $56.34. On a fall, the ETF will find some support from the short-term average at $55.03. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Pacer US Cash Cows 100 ETF
Pacer US Cash Cows 100 finds support from accumulated volume at $54.84 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 $0.316 between high and low, or 0.574%. For the last week the ETF has had daily average volatility of 1.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COWZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Pacer US Cash Cows 100 ETF to open at $55.16, and during the day (based on 14 day Average True Range), to move between $54.47 and $55.83, which gives a possible trading interval of +/-$0.679 (+/-1.23%) up or down from last closing price. If Pacer US Cash Cows 100 ETF takes out the full calculated possible swing range there will be an estimated 2.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $55.18 (0.05%) than the support at $54.84 (0.56%), 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 Cash Cows 100 ETF ETF A Buy?
Pacer US Cash Cows 100 holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.448 Sell Candidate Downgraded
Predicted Opening Price for Pacer US Cash Cows 100 ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $55.16 ( 0.0216%) | $55.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COWZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.48 | 0.594 % | |
| R2 | 55.36 | 0.376 % | ||
| R1 | 55.28 | 0.240 % | ||
| Current price: | 55.15 | |||
| Support | S1 | 55.04 | -0.197 % | |
| S2 | 54.97 | -0.332 % | ||
| S3 | 54.85 | -0.551 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.09 | 5.33 % | |
| R2 | 57.73 | 4.68 % | ||
| R1 | 55.18 | 0.0544 % | ||
| Current price | 55.15 | |||
| Support | S1 | 54.84 | -0.562% | |
| S2 | 54.78 | -0.671% | ||
| S3 | 54.23 | -1.67% |
COWZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.244 | 0.423% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.298 | 0.569% |
| 3 | Sep 20, 2023 | Sep 21, 2023 | Sep 27, 2023 | $0.300 | 0.607% |
| 4 | Jun 21, 2023 | Jun 22, 2023 | Jun 28, 2023 | $0.191 | 0.405% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.211 | 0.457% |
FAQ
Click here for our free guide on how to buy Pacer US Cash Cows 100 ETF ETF.
