Pacer Pacific Asset Floating Rate High ETF Forecast
Pacer Pacific Asset Floating Rate High ETF price up 0.0522% on Tuesday
(Updated on Jun 25, 2024)
The Pacer Pacific Asset Floating Rate High ETF price gained 0.0522% on the last trading day (Tuesday, 25th Jun 2024), rising from $47.89 to $47.92. During the last trading day the ETF fluctuated 0.0835% from a day low at $47.89 to a day high of $47.93. The price has risen in 6 of the last 10 days and is up by 0.09% 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, 48 thousand more shares were traded than the day before. In total, 89 thousand shares were bought and sold for approximately $4.25 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pacer Pacific Asset Floating Rate High ETF with a 90% probability to be traded between $47.92 and $48.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FLRT Signals & Forecast
Mostly positive signals in the chart today. The Pacer Pacific Asset Floating Rate High 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 $47.88 and $47.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 0.546%. 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 is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 09, 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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 09, 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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 09, 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.
A buy signal from a double bottom formation was found on Thursday, May 23, 2024 and based on theory for this formation the price should go up by 0.230% to $48.03 within 20 trading days since signal was issued (Monday, June 24, 2024).
Support, Risk & Stop-loss for Pacer Pacific Asset Floating Rate High ETF
Pacer Pacific Asset Floating Rate High finds support from accumulated volume at $47.82 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 $0.0400 between high and low, or 0.0835%. For the last week the ETF has had daily average volatility of 0.0820%.
Our recommended stop-loss: $44.34 (-7.47%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (FLRT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Pacer Pacific Asset Floating Rate High Income ETF to open at $47.91, and during the day (based on 14 day Average True Range), to move between $47.86 and $47.97, which gives a possible trading interval of +/-$0.0591 (+/-0.12%) up or down from last closing price. If Pacer Pacific Asset Floating Rate High Income ETF takes out the full calculated possible swing range there will be an estimated 0.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.92 (0.01%) than the support at $47.82 (0.21%), 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 Pacific Asset Floating Rate High Income ETF 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 Pacer Pacific Asset Floating Rate High ETF to perform well in the short-term period.
Current score: 2.037 Buy Candidate Unchanged
Predicted Opening Price for Pacer Pacific Asset Floating Rate High Income ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $47.91 ( 0.0070%) | $47.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLRT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.95 | 0.0765% |
| R2 | 47.94 | 0.0446% |
| R1 | 47.93 | 0.0249% |
| Price | 47.92 | |
| S1 | 47.90 | -0.0388% |
| S2 | 47.89 | -0.0585% |
| S3 | 47.87 | -0.0904% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.98 | 0.136% |
| R2 | 47.93 | 0.0313% |
| R1 | 47.92 | 0.0104% |
| Price | 47.92 | |
| S1 | 47.82 | -0.209% |
| S2 | 47.69 | -0.470% |
| S3 | 47.66 | -0.532% |
FLRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 01, 2024 | $0.378 | 0.794% |
| 2 | Feb 19, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.299 | 0.630% |
| 3 | Feb 19, 2024 | Feb 22, 2024 | Feb 28, 2024 | $0.291 | 0.615% |
| 4 | Jan 24, 2024 | Jan 25, 2024 | Jan 31, 2024 | $0.263 | 0.556% |
| 5 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.484 | 1.03% |
FAQ
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