Pacer Developed Markets International ETF Forecast
Green day on Monday for Pacer Developed Markets International ETF after gaining 1.28%
(Updated on Jun 24, 2024)
The Pacer Developed Markets International ETF price gained 1.28% on the last trading day (Monday, 24th Jun 2024), rising from $31.22 to $31.62. During the last trading day the ETF fluctuated 0.86% from a day low at $31.40 to a day high of $31.67. The price has risen in 6 of the last 10 days but is still down by -1.53% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 236 thousand shares were bought and sold for approximately $7.48 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pacer Developed Markets International ETF with a 90% probability to be traded between $31.61 and $33.66 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ICOW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.51%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pacer Developed Markets International 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 $32.28. On a fall, the ETF will find some support from the short-term average at $31.38. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Pacer Developed Markets International ETF
Pacer Developed Markets International finds support from accumulated volume at $31.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.270 (0.86%) between high and low. For the last week, the ETF has had daily average volatility of 0.703%.
Our recommended stop-loss: $29.63 (-6.28%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (ICOW) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Pacer Developed Markets International Cash Cows 100 ETF to open at $31.56, and during the day (based on 14 day Average True Range), to move between $31.26 and $31.98, which gives a possible trading interval of +/-$0.364 (+/-1.15%) up or down from last closing price. If Pacer Developed Markets International 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.
Since the stock is closer to the support from accumulated volume at $31.57 (0.16%) than the resistance at $31.86 (0.76%), 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 Developed Markets International Cash Cows 100 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 Developed Markets International ETF to perform well in the short-term period.
Current score: 2.638 Buy Candidate Unchanged
Predicted Opening Price for Pacer Developed Markets International Cash Cows 100 ETF of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$31.56 ( 0.179%) | $31.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICOW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.83 | 0.676% |
R2 | 31.73 | 0.349% |
R1 | 31.67 | 0.148% |
Price | 31.62 | |
S1 | 31.46 | -0.505% |
S2 | 31.40 | -0.707% |
S3 | 31.29 | -1.03% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 32.22 | 1.90% |
R2 | 32.13 | 1.60% |
R1 | 31.86 | 0.759% |
Price | 31.62 | |
S1 | 31.57 | -0.158% |
S2 | 31.24 | -1.20% |
S3 | 31.15 | -1.49% |
ICOW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.0571 | 0.178% |
2 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.257 | 0.82% |
3 | Sep 20, 2023 | Sep 21, 2023 | Sep 27, 2023 | $0.472 | 1.58% |
4 | Jun 21, 2023 | Jun 22, 2023 | Jun 28, 2023 | $0.370 | 1.26% |
5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.0280 | 0.0964% |
FAQ
Click here for our free guide on how to buy Pacer Developed Markets International Cash Cows 100 ETF ETF.