Pacer Emerging Markets Cash Cows 100 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
Green day on Monday for Pacer Emerging Markets Cash Cows 100 ETF after gaining 0.519%
(Updated on May 06, 2024)
The Pacer Emerging Markets Cash Cows 100 ETF price gained 0.519% on the last trading day (Monday, 6th May 2024), rising from $21.19 to $21.30. It has now gained 4 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 0.754% from a day low at $21.21 to a day high of $21.37. The price has risen in 8 of the last 10 days and is up by 6.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $533.76 thousand.
The ETF has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $21.24, a level that may pose a second chance to hit a runner. According to fan-theory $22.31 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ECOW Signals & Forecast
The Pacer Emerging Markets Cash Cows 100 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 $20.76 and $20.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.90%. 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). Pacer Emerging Markets Cash Cows 100 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. The ETF had a Golden Star Signal on Thursday, April 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 13, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, April 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 13, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, April 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 13, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Pacer Emerging Markets Cash Cows 100 ETF
Pacer Emerging Markets Cash Cows 100 finds support from accumulated volume at $20.66 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 $0.160 between high and low, or 0.754%. For the last week the ETF has had daily average volatility of 1.08%.
The Pacer Emerging Markets Cash Cows 100 ETF is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $20.34 (-4.51%) (This ETF has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (ECOW) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Pacer Emerging Markets Cash Cows 100 ETF to open at $21.29, and during the day (based on 14 day Average True Range), to move between $21.06 and $21.54, which gives a possible trading interval of +/-$0.245 (+/-1.15%) up or down from last closing price. If Pacer Emerging Markets Cash Cows 100 ETF takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $20.66, some $0.640 (3.00%) from the current price of $21.30, our system finds the risk reward attractive.
Is Pacer Emerging Markets Cash Cows 100 ETF ETF A Buy?
Pacer Emerging Markets Cash Cows 100 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Pacer Emerging Markets Cash Cows 100 ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $21.29 ( 0.0313%) | $21.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECOW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.45 | 0.720 % | |
| R2 | 21.39 | 0.433 % | ||
| R1 | 21.35 | 0.256 % | ||
| Current price: | 21.30 | |||
| Support | S1 | 21.23 | -0.318 % | |
| S2 | 21.19 | -0.496 % | ||
| S3 | 21.13 | -0.782 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 21.30 | |||
| Support | S1 | 20.66 | -3.00% | |
| S2 | 20.05 | -5.87% | ||
| S3 | 19.83 | -6.90% |
ECOW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.0275 | 0.138% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Jan 03, 2024 | $0.184 | 0.92% |
| 3 | Sep 20, 2023 | Sep 21, 2023 | Sep 27, 2023 | $0.560 | 2.97% |
| 4 | Jun 21, 2023 | Jun 22, 2023 | Jun 28, 2023 | $0.300 | 1.57% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.0580 | 0.308% |
FAQ
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