Pacer Lunt Midcap Multi-factor ETF Forecast
Pacer Lunt Midcap Multi-factor ETF price down 0.778% on Tuesday
(Updated on Jun 25, 2024)
The Pacer Lunt Midcap Multi-factor ETF price fell by -0.778% on the last day (Tuesday, 25th Jun 2024) from $44.34 to $44.00. During the last trading day the ETF fluctuated 0.614% from a day low at $43.80 to a day high of $44.07. The price has fallen in 6 of the last 10 days but is still up by 0.83% over the past 2 weeks. Volume has increased on the last day by 7 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, 10 thousand shares were bought and sold for approximately $418.70 thousand.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.21% during the next 3 months and, with a 90% probability hold a price between $42.03 and $43.58 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PAMC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 1.35%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pacer Lunt Midcap 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 $44.16. On a fall, the ETF will find some support from the short-term average at $43.97. 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. Pacer Lunt Midcap Multi-factor 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 Pacer Lunt Midcap Multi-factor ETF
Pacer Lunt Midcap Multi-factor finds support from accumulated volume at $43.79 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 $0.269 between high and low, or 0.614%. For the last week the ETF has had daily average volatility of 0.779%.
Our recommended stop-loss: $41.92 (-4.71%) (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 (PAMC) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Pacer Lunt Midcap Multi-factor Alternator Etf to open at $43.96, and during the day (based on 14 day Average True Range), to move between $43.43 and $44.56, which gives a possible trading interval of +/-$0.561 (+/-1.28%) up or down from last closing price. If Pacer Lunt Midcap Multi-factor Alternator Etf takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.11 (0.26%) than the support at $43.79 (0.47%), 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 Midcap Multi-factor Alternator Etf ETF A Buy?
Pacer Lunt Midcap Multi-factor holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.554 Hold/Accumulate Unchanged
Predicted Opening Price for Pacer Lunt Midcap Multi-factor Alternator Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $43.96 ( 0.0900%) | $44.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAMC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.22 | 0.521% |
| R2 | 44.12 | 0.288% |
| R1 | 44.06 | 0.143% |
| Price | 44.00 | |
| S1 | 43.85 | -0.323% |
| S2 | 43.79 | -0.468% |
| S3 | 43.69 | -0.701% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.52 | 3.47% |
| R2 | 45.01 | 2.31% |
| R1 | 44.11 | 0.262% |
| Price | 44.00 | |
| S1 | 43.79 | -0.466% |
| S2 | 43.64 | -0.82% |
| S3 | 43.41 | -1.33% |
PAMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 19, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.0455 | 0.1000% |
| 2 | Feb 24, 2023 | Dec 27, 2023 | Jan 03, 2024 | $0.0986 | 0.270% |
| 3 | Feb 24, 2023 | Sep 21, 2023 | Sep 27, 2023 | $0.0670 | 0.197% |
| 4 | Feb 24, 2023 | Jun 22, 2023 | Jun 28, 2023 | $0.0257 | 0.0739% |
| 5 | Feb 24, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.0653 | 0.202% |
FAQ
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