Pimco Low Duration Us Corporate Bond ETF Forecast

Red day on Tuesday for Pimco Low Duration Us Corporate Bond ETF after losing 0.106%
(Updated on Jun 25, 2024)

LDCU.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.0353%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pimco Low Duration Us Corporate Bond ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $99.51 and $99.34. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, May 30, 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 Us Corporate Bond ETF

Pimco Low Duration Us Corporate Bond finds support from accumulated volume at $98.93 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 $0.115 between high and low, or 0.116%. For the last week the ETF has had daily average volatility of 0.264%

Our recommended stop-loss: $92.94 (-6.17%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (LDCU.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Pimco Low Duration Us Corporate Bond Source Ucits Etf to open at $99.02, and during the day (based on 14 day Average True Range), to move between $98.69 and $99.42, which gives a possible trading interval of +/-$0.368 (+/-0.37%) up or down from last closing price. If Pimco Low Duration Us Corporate Bond Source Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $99.14 (0.09%) than the support at $98.93 (0.13%), 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 Low Duration Us Corporate Bond Source Ucits Etf ETF A Buy?

Pimco Low Duration Us Corporate Bond holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.182 Hold/Accumulate Unchanged

Predicted Opening Price for Pimco Low Duration Us 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.