Pacer Developed Markets International ETF Forecast
Pacer Developed Markets International ETF price up 0.231% on Friday
(Updated on Jun 28, 2024)
The Pacer Developed Markets International ETF price gained 0.231% on the last trading day (Friday, 28th Jun 2024), rising from $30.29 to $30.36. During the last trading day the ETF fluctuated 0.562% from a day low at $30.25 to a day high of $30.42. The price has been going up and down for this period, and there has been a -3.34% loss for the last 2 weeks. Volume fell on the last day by -106 thousand shares and in total, 189 thousand shares were bought and sold for approximately $5.73 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 is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $30.29 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Pacer Developed Markets International ETF with a 90% probability to be traded between $30.25 and $32.98 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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ICOW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.231%. Further rise is indicated until a new top pivot has been found. 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 Developed Markets International ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $31.11 and $32.14. A break-up above any of these levels will issue buy signals. 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 $30.29 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 $0.170 (0.562%) between high and low. For the last week, the ETF has had daily average volatility of 0.641%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICOW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pacer Developed Markets International Cash Cows 100 ETF to open at $30.34, and during the day (based on 14 day Average True Range), to move between $29.97 and $30.75, which gives a possible trading interval of +/-$0.387 (+/-1.27%) 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 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.29 (0.23%) than the resistance at $31.15 (2.60%), 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?
Pacer Developed Markets International holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.152 Sell Candidate Unchanged
Predicted Opening Price for Pacer Developed Markets International Cash Cows 100 ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $30.34 ( 0.0548%) | $30.36 |
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 | 30.51 | 0.505% |
| R2 | 30.45 | 0.291% |
| R1 | 30.41 | 0.159% |
| Price | 30.36 | |
| S1 | 30.28 | -0.269% |
| S2 | 30.24 | -0.401% |
| S3 | 30.17 | -0.614% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.22 | 6.13% |
| R2 | 31.86 | 4.94% |
| R1 | 31.15 | 2.60% |
| Price | 30.36 | |
| S1 | 30.29 | -0.231% |
| S2 | 0 | - |
| S3 | 0 | - |
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
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