PIMCO Equitiy Series RAFI Dynamic ETF Forecast

PIMCO Equitiy Series RAFI Dynamic ETF price down 0.111% on Friday
(Updated on Jun 28, 2024)

MFDX Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.520%. 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 Equitiy Series RAFI Dynamic 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 $30.28 and $30.67. 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). PIMCO Equitiy Series RAFI Dynamic gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for PIMCO Equitiy Series RAFI Dynamic ETF

PIMCO Equitiy Series RAFI Dynamic finds support from accumulated volume at $30.06 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 $0.114 between high and low, or 0.376%. For the last week the ETF has had daily average volatility of 0.266%.

Our recommended stop-loss: $28.66 (-5.15%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (MFDX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect PIMCO Equitiy Series RAFI Dynamic Multi-Factor International Equity to open at $30.25, and during the day (based on 14 day Average True Range), to move between $29.98 and $30.45, which gives a possible trading interval of +/-$0.232 (+/-0.77%) up or down from last closing price. If PIMCO Equitiy Series RAFI Dynamic Multi-Factor International Equity takes out the full calculated possible swing range there will be an estimated 1.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $30.06 (0.52%) than the resistance at $30.43 (0.71%), 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 Equitiy Series RAFI Dynamic Multi-Factor International Equity ETF A Buy?

PIMCO Equitiy Series RAFI Dynamic 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: 0.886 Hold/Accumulate Unchanged

Predicted Opening Price for PIMCO Equitiy Series RAFI Dynamic Multi-Factor International Equity of Monday, July 1, 2024

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