Pimco Low Duration Us Corporate Bond ETF Forecast
Green day on Friday for Pimco Low Duration Us Corporate Bond
(Updated on Jun 28, 2024)
The Pimco Low Duration Us Corporate Bond ETF price gained 0.0758% on the last trading day (Friday, 28th Jun 2024), rising from $98.92 to $98.99. During the last trading day the ETF fluctuated 0.86% from a day low at $98.88 to a day high of $99.73. The price has fallen in 6 of the last 10 days and is down by -1.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 468 more shares were traded than the day before. In total, 468 shares were bought and sold for approximately $46.33 thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $98.96 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Pimco Low Duration Us Corporate Bond ETF with a 90% probability to be traded between $100.32 and $101.81 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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LDCU.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.0758%. Further rise is indicated until a new top pivot has been found. Pimco Low Duration Us 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. The very low volume increases the risk and reduces the other technical signals issued. 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. 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 $99.01 and $99.33. 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). 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.
Golden Star 12 Months
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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.85 between high and low, or 0.86%. For the last week the ETF has had daily average volatility of 0.353%.
Our recommended stop-loss: $92.97 (-6.08%) (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 (LDCU.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pimco Low Duration Us Corporate Bond Source Ucits Etf to open at $99.20, and during the day (based on 14 day Average True Range), to move between $98.60 and $99.38, which gives a possible trading interval of +/-$0.391 (+/-0.39%) 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 0.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $99.03 (0.04%) than the support at $98.93 (0.06%), 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Pimco Low Duration Us Corporate Bond Source Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$99.20 ( 0.212%) | $98.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LDCU.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 100.05 | 1.07% |
R2 | 99.73 | 0.743% |
R1 | 99.52 | 0.540% |
Price | 98.99 | |
S1 | 98.88 | -0.116% |
S2 | 98.67 | -0.319% |
S3 | 98.35 | -0.647% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 99.39 | 0.404% |
R2 | 99.18 | 0.192% |
R1 | 99.03 | 0.0404% |
Price | 98.99 | |
S1 | 98.93 | -0.0606% |
S2 | 98.25 | -0.748% |
S3 | 98.07 | -0.93% |
LDCU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $1.15 | 1.16% |
2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $1.10 | 1.11% |
3 | Sep 21, 2023 | Sep 21, 2023 | Sep 21, 2023 | $0.95 | 0.98% |
4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.650 | 0.667% |
5 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | $0.724 | 0.749% |
FAQ
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