Pimco Senior Loan Active Exchange-traded ETF Forecast

Pimco Senior Loan Active Exchange-traded ETF price down 0.0587% on Friday
(Updated on Jun 21, 2024)

LONZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.0784%. 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 Senior Loan Active Exchange-traded 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 $51.10 and $51.18. 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.

Support, Risk & Stop-loss for Pimco Senior Loan Active Exchange-traded ETF

Pimco Senior Loan Active Exchange-traded finds support from accumulated volume at $51.07 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 $0.0300 between high and low, or 0.0587%. For the last week the ETF has had daily average volatility of 0.167%

Pimco Senior Loan Active Exchange-traded is oversold on RSI14 (26). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $47.78 (-6.46%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 26 which reduces the risk some. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (LONZ) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Pimco Senior Loan Active Exchange-traded Fund to open at $51.08, and during the day (based on 14 day Average True Range), to move between $50.97 and $51.19, which gives a possible trading interval of +/-$0.108 (+/-0.21%) up or down from last closing price. If Pimco Senior Loan Active 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 support from accumulated volume at $51.07 (0.02%) than the resistance at $51.15 (0.15%), 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 Senior Loan Active Exchange-traded Fund ETF A Buy?

Pimco Senior Loan Active Exchange-traded 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 Senior Loan Active Exchange-traded Fund of Monday, June 24, 2024

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