PIMCO ENHANCED SHORT MATURITY STRATEGY ETF Forecast

Red day on Thursday for PIMCO ENHANCED SHORT MATURITY STRATEGY ETF after losing 0.0199%
(Updated on Jun 20, 2024)

MINT Signals & Forecast

The PIMCO ENHANCED SHORT MATURITY STRATEGY 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 $100.42 and $100.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.239%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Friday, May 10, 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 ENHANCED SHORT MATURITY STRATEGY ETF

PIMCO ENHANCED SHORT MATURITY STRATEGY finds support from accumulated volume at $100.39 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 $0.0403 between high and low, or 0.0401%. For the last week the ETF has had daily average volatility of 0.0378%.

Our recommended stop-loss: $92.73 (-7.70%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (MINT) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect PIMCO ENHANCED SHORT MATURITY STRATEGY FUND to open at $100.48, and during the day (based on 14 day Average True Range), to move between $100.41 and $100.53, which gives a possible trading interval of +/-$0.0556 (+/-0.06%) up or down from last closing price. If PIMCO ENHANCED SHORT MATURITY STRATEGY FUND takes out the full calculated possible swing range there will be an estimated 0.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $100.48 (0.01%) than the support at $100.39 (0.08%), 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 ENHANCED SHORT MATURITY STRATEGY FUND ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PIMCO ENHANCED SHORT MATURITY STRATEGY ETF to perform well in the short-term period.

Current score: 1.502 Buy Candidate Unchanged

Predicted Opening Price for PIMCO ENHANCED SHORT MATURITY STRATEGY FUND of Friday, June 21, 2024

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