PIMCO Equitiy Series RAFI Dynamic ETF Forecast
PIMCO Equitiy Series RAFI Dynamic ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The PIMCO Equitiy Series RAFI Dynamic ETF price fell by -0.682% on the last day (Tuesday, 25th Jun 2024) from $20.54 to $20.40. During the last trading day the ETF fluctuated 0.85% from a day low at $20.28 to a day high of $20.46. The price has risen in 6 of the last 10 days and is up by 1.24% over the past 2 weeks. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 18 thousand shares were bought and sold for approximately $374.46 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.29% during the next 3 months and, with a 90% probability hold a price between $21.44 and $22.99 at the end of this 3-month period.
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MFEM Signals & Forecast
The PIMCO Equitiy Series RAFI Dynamic ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $20.42. On a fall, the ETF will find some support from the long-term average at approximately $20.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, May 17, 2024, and so far it has fallen -2.11%. Further fall is indicated until a new bottom pivot has been found. 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 ETF had a Golden Star Signal on Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.
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 Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.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, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.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 Equitiy Series RAFI Dynamic ETF
PIMCO Equitiy Series RAFI Dynamic finds support from accumulated volume at $19.97 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 $0.173 between high and low, or 0.85%. For the last week the ETF has had daily average volatility of 0.536%.
Our recommended stop-loss: $19.60 (-3.90%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (MFEM) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect PIMCO Equitiy Series RAFI Dynamic Multi-Factor Emerging Markets Equity to open at $20.38, and during the day (based on 14 day Average True Range), to move between $20.23 and $20.57, which gives a possible trading interval of +/-$0.165 (+/-0.81%) up or down from last closing price. If PIMCO Equitiy Series RAFI Dynamic Multi-Factor Emerging Markets Equity takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.42 (0.10%) than the support at $19.97 (2.10%), 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 Equitiy Series RAFI Dynamic Multi-Factor Emerging Markets Equity ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PIMCO Equitiy Series RAFI Dynamic ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.106 Buy Candidate Upgraded
Predicted Opening Price for PIMCO Equitiy Series RAFI Dynamic Multi-Factor Emerging Markets Equity of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$20.38 ( 0.100%) | $20.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFEM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.55 | 0.746% |
R2 | 20.49 | 0.423% |
R1 | 20.45 | 0.223% |
Price | 20.40 | |
S1 | 20.31 | -0.423% |
S2 | 20.27 | -0.623% |
S3 | 20.21 | -0.95% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.84 | 2.16% |
R2 | 20.46 | 0.295% |
R1 | 20.42 | 0.0985% |
Price | 20.40 | |
S1 | 19.97 | -2.10% |
S2 | 19.70 | -3.43% |
S3 | 19.52 | -4.31% |
MFEM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 11, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.140 | 0.720% |
2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.160 | 0.84% |
3 | Feb 03, 2023 | Oct 02, 2023 | Oct 05, 2023 | $0.240 | 1.37% |
4 | Feb 03, 2023 | Jul 03, 2023 | Jul 07, 2023 | $0.260 | 1.42% |
5 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | $0.110 | 0.608% |
FAQ
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