PIMCO LOW DURATION EXCHANGE-TRADED FUND ETF Forecast
PIMCO LOW DURATION EXCHANGE-TRADED FUND ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 21, 2024)
The PIMCO LOW DURATION EXCHANGE-TRADED FUND ETF price gained 0.0846% on the last trading day (Friday, 21st Jun 2024), rising from $94.52 to $94.60. During the last trading day the ETF fluctuated 0.116% from a day low at $94.53 to a day high of $94.64. The price has risen in 6 of the last 10 days and is up by 0.2% over the past 2 weeks. Volume fell on the last day by -33 thousand shares and in total, 42 thousand shares were bought and sold for approximately $3.98 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 ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $94.61 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect PIMCO LOW DURATION EXCHANGE-TRADED FUND ETF with a 90% probability to be traded between $93.93 and $94.54 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LDUR Signals & Forecast
The PIMCO LOW DURATION EXCHANGE-TRADED FUND ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $94.53 and $94.44. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.0423%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 11, 2024.
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
The ETF had a Golden Star Signal on Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 11, 2024.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 Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 11, 2024.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 EXCHANGE-TRADED FUND ETF
PIMCO LOW DURATION EXCHANGE-TRADED FUND finds support from accumulated volume at $94.45 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 $0.110 between high and low, or 0.116%. For the last week the ETF has had daily average volatility of 0.222%.
Our recommended stop-loss: $90.15 (-4.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (LDUR) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect PIMCO LOW DURATION EXCHANGE-TRADED FUND to open at $94.59, and during the day (based on 14 day Average True Range), to move between $94.40 and $94.80, which gives a possible trading interval of +/-$0.197 (+/-0.21%) up or down from last closing price. If PIMCO LOW DURATION EXCHANGE-TRADED FUND takes out the full calculated possible swing range there will be an estimated 0.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $94.64 (0.04%) than the support at $94.45 (0.16%), 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 EXCHANGE-TRADED FUND ETF A Buy?
PIMCO LOW DURATION EXCHANGE-TRADED FUND holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.005 Hold/Accumulate Upgraded
Predicted Opening Price for PIMCO LOW DURATION EXCHANGE-TRADED FUND of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$94.59 ( 0.0106%) | $94.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LDUR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 94.70 | 0.106% |
R2 | 94.66 | 0.0613% |
R1 | 94.63 | 0.0338% |
Price | 94.60 | |
S1 | 94.55 | -0.0550% |
S2 | 94.52 | -0.0824% |
S3 | 94.48 | -0.127% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 94.98 | 0.398% |
R2 | 94.86 | 0.275% |
R1 | 94.64 | 0.0423% |
Price | 94.60 | |
S1 | 94.45 | -0.159% |
S2 | 94.32 | -0.301% |
S3 | 94.24 | -0.381% |
LDUR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2024 | May 01, 2024 | May 06, 2024 | $0.370 | 0.392% |
2 | Jan 11, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.380 | 0.402% |
3 | Jan 11, 2024 | Mar 01, 2024 | Mar 06, 2024 | $0.360 | 0.380% |
4 | Jan 11, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.370 | 0.390% |
5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.370 | 0.391% |
FAQ
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