Pimco Low Duration Euro Corporate Bond ETF Forecast

Pimco Low Duration Euro Corporate Bond ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)

LDCE.F Signals & Forecast

The Pimco Low Duration Euro Corporate Bond 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 99.56€ and 99.57€. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.123%. Further rise is indicated until a new top pivot has been found. Pimco Low Duration Euro Corporate Bond 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, May 02, 2024 in the long-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 Low Duration Euro Corporate Bond ETF

Pimco Low Duration Euro Corporate Bond finds support from accumulated volume at 99.32€ 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 0.148€ between high and low, or 0.149%. For the last week the ETF has had daily average volatility of 0.165%.

Our recommended stop-loss: 93.25€ (-6.15%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (LDCE.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Pimco Low Duration Euro Corporate Bond Source Ucits Etf to open at 99.38€, and during the day (based on 14 day Average True Range), to move between 99.09€ and 99.63€, which gives a possible trading interval of +/-0.271€ (+/-0.27%) up or down from last closing price. If Pimco Low Duration Euro Corporate Bond Source Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 99.32€ (0.04%) than the resistance at 99.46€ (0.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pimco Low Duration Euro Corporate Bond Source Ucits Etf ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.561 Buy Candidate Upgraded

Predicted Opening Price for Pimco Low Duration Euro Corporate Bond Source Ucits Etf of Wednesday, June 26, 2024

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