Pacer Lunt Large Cap Multi-Factor ETF Forecast

Stronger technical forecast for Pacer Lunt Large Cap Multi-Factor ETF price after Friday trading.
(Updated on May 10, 2024)

PALC Signals & Forecast

Mostly positive signals in the chart today. The Pacer Lunt Large Cap Multi-Factor ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $45.40 and $45.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 4.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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 $45.59 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 $0.240 between high and low, or 0.524%. For the last week the ETF has had daily average volatility of 0.591%.

Since the Pacer Lunt Large Cap Multi-Factor has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $43.83 (-4.58%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (PALC) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Pacer Lunt Large Cap Multi-Factor Alternator ETF to open at $45.95, and during the day (based on 14 day Average True Range), to move between $45.43 and $46.42, which gives a possible trading interval of +/-$0.494 (+/-1.08%) 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 2.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $46.24 (0.68%) than the support at $45.59 (0.74%), 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 Pacer Lunt Large Cap Multi-Factor Alternator ETF 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 Pacer Lunt Large Cap Multi-Factor ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.603 Buy Candidate Upgraded

Predicted Opening Price for Pacer Lunt Large Cap Multi-Factor Alternator ETF of Monday, May 13, 2024

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