PIMCO Equitiy Series RAFI Dynamic ETF Forecast
Red day on Tuesday for PIMCO Equitiy Series RAFI Dynamic ETF after losing 0.315%
(Updated on Jun 25, 2024)
The PIMCO Equitiy Series RAFI Dynamic ETF price fell by -0.315% on the last day (Tuesday, 25th Jun 2024) from $47.66 to $47.51. During the last trading day the ETF fluctuated 0.739% from a day low at $47.36 to a day high of $47.71. The price has risen in 6 of the last 10 days and is up by 1.6% over the past 2 weeks. Volume has increased on the last day by 4 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, 4 thousand shares were bought and sold for approximately $194.41 thousand.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $47.82 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.42% during the next 3 months and, with a 90% probability hold a price between $46.75 and $49.45 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MFUS Signals & Forecast
The PIMCO Equitiy Series RAFI Dynamic 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 $47.47 and $46.61. 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 Thursday, June 20, 2024, and so far it has fallen -0.482%. 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".
Support, Risk & Stop-loss for PIMCO Equitiy Series RAFI Dynamic ETF
PIMCO Equitiy Series RAFI Dynamic finds support from accumulated volume at $46.86 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 $0.350 between high and low, or 0.739%. For the last week the ETF has had daily average volatility of 0.260%.
Our recommended stop-loss: $46.17 (-2.82%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (MFUS) 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 U.S. Equity to open at $47.53, and during the day (based on 14 day Average True Range), to move between $47.20 and $47.82, which gives a possible trading interval of +/-$0.313 (+/-0.66%) up or down from last closing price. If PIMCO Equitiy Series RAFI Dynamic Multi-Factor U.S. Equity takes out the full calculated possible swing range there will be an estimated 1.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.61 (0.21%) than the support at $46.86 (1.36%), 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 U.S. 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.
Current score: 1.069 Buy Candidate Unchanged
Predicted Opening Price for PIMCO Equitiy Series RAFI Dynamic Multi-Factor U.S. Equity of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $47.53 ( 0.0351%) | $47.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFUS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.88 | 0.772% |
| R2 | 47.74 | 0.490% |
| R1 | 47.66 | 0.316% |
| Price | 47.51 | |
| S1 | 47.39 | -0.246% |
| S2 | 47.31 | -0.420% |
| S3 | 47.18 | -0.702% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.74 | 0.484% |
| R2 | 47.66 | 0.316% |
| R1 | 47.61 | 0.214% |
| Price | 47.51 | |
| S1 | 46.86 | -1.36% |
| S2 | 46.47 | -2.19% |
| S3 | 44.80 | -5.70% |
MFUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 12, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.160 | 0.347% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.200 | 0.476% |
| 3 | Jan 30, 2023 | Oct 02, 2023 | Oct 05, 2023 | $0.210 | 0.561% |
| 4 | Jan 30, 2023 | Jul 03, 2023 | Jul 07, 2023 | $0.200 | 0.516% |
| 5 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | $0.210 | 0.545% |
FAQ
Click here for our free guide on how to buy PIMCO Equitiy Series RAFI Dynamic Multi-Factor U.S. Equity ETF.
