Pacer Lunt Large Cap Multi-Factor ETF Forecast

Pacer Lunt Large Cap Multi-Factor ETF price ended at $45.07 on Friday, after gaining 0.85%.
(Updated on Apr 26, 2024)

PALC Signals & Forecast

There are mixed signals in the ETF today. The Pacer Lunt Large Cap Multi-Factor ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $45.79. On a fall, the ETF will find some support from the short-term average at $44.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -3.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Pacer Lunt Large Cap Multi-Factor has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Pacer Lunt Large Cap Multi-Factor ETF

Pacer Lunt Large Cap Multi-Factor finds support from accumulated volume at $44.66 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 $0.421 between high and low, or 0.94%. For the last week the ETF has had daily average volatility of 1.06%.

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

Trading Expectations (PALC) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Pacer Lunt Large Cap Multi-Factor Alternator ETF to open at $44.97, and during the day (based on 14 day Average True Range), to move between $44.51 and $45.63, which gives a possible trading interval of +/-$0.565 (+/-1.25%) up or down from last closing price. If Pacer Lunt Large Cap Multi-Factor Alternator ETF takes out the full calculated possible swing range there will be an estimated 2.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $44.66 (0.91%) than the resistance at $45.59 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pacer Lunt Large Cap Multi-Factor Alternator ETF ETF A Buy?

Pacer Lunt Large Cap Multi-Factor 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.

Current score: -3.098 Sell Candidate Unchanged

Predicted Opening Price for Pacer Lunt Large Cap Multi-Factor Alternator ETF of Monday, April 29, 2024

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