Pimco Euro Short-term High Yield ETF Forecast

Pimco Euro Short-term High Yield ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)

EUHA.F Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.103%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Pimco Euro Short-term High Yield 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 11.12€ and 11.10€. A breakdown below any of these levels will issue sell signals. The ETF had a Golden Star Signal on Monday, May 06, 2024 in the short-term chart.

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 Pimco Euro Short-term High Yield ETF

Pimco Euro Short-term High Yield finds support from accumulated volume at 11.13€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.0200€ between high and low, or 0.180%. For the last week the ETF has had daily average volatility of 0.306%

Our recommended stop-loss: 10.51€ (-5.64%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (EUHA.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Pimco Euro Short-term High Yield Corporate Bond Ucits Etf Eur Accumulation to open at 11.14€, and during the day (based on 14 day Average True Range), to move between 11.09€ and 11.18€, which gives a possible trading interval of +/-0.0458€ (+/-0.41%) up or down from last closing price. If Pimco Euro Short-term High Yield Corporate Bond Ucits Etf Eur Accumulation takes out the full calculated possible swing range there will be an estimated 0.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 11.14€ (0.01%) than the support at 11.13€ (0.08%), 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 Pimco Euro Short-term High Yield Corporate Bond Ucits Etf Eur Accumulation ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pimco Euro Short-term High Yield ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.094 Buy Candidate Upgraded

Predicted Opening Price for Pimco Euro Short-term High Yield Corporate Bond Ucits Etf Eur Accumulation of Monday, July 1, 2024

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