Pimco Senior Loan Active Exchange-traded ETF Forecast

Pimco Senior Loan Active Exchange-traded ETF upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on Jun 27, 2024)

LONZ Signals & Forecast

The Pimco Senior Loan Active Exchange-traded ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $51.13 and $51.18. 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). 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 Tuesday, June 25, 2024, and so far it has fallen -0.0976%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Friday, June 21, 2024 in the short-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 Senior Loan Active Exchange-traded ETF

Pimco Senior Loan Active Exchange-traded finds support from accumulated volume at $51.15 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 $0.0999 between high and low, or 0.196%. For the last week the ETF has had daily average volatility of 0.152%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LONZ) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Pimco Senior Loan Active Exchange-traded Fund to open at $51.16, and during the day (based on 14 day Average True Range), to move between $51.08 and $51.30, which gives a possible trading interval of +/-$0.112 (+/-0.22%) 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 0.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $51.15 (0.07%) than the resistance at $51.31 (0.23%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.431 Sell Candidate Upgraded

Predicted Opening Price for Pimco Senior Loan Active Exchange-traded Fund of Friday, June 28, 2024

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