Pacer Us Export Leaders Etf ETF Forecast
Pacer Us Export Leaders Etf ETF downgraded to Sell Candidate
(Updated on Jun 26, 2024)
The Pacer Us Export Leaders Etf ETF price fell by -0.428% on the last day (Wednesday, 26th Jun 2024) from $49.05 to $48.84. During the last trading day the ETF fluctuated 0.475% from a day low at $48.79 to a day high of $49.02. The price has been going up and down for this period, and there has been a -0.29% loss for the last 2 weeks. Volume has increased on the last day by 3 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, 5 thousand shares were bought and sold for approximately $250.35 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pacer Us Export Leaders Etf ETF with a 90% probability to be traded between $48.75 and $50.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PEXL Signals & Forecast
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 Us Export Leaders Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $49.22 and $49.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.93%. Further fall is indicated until a new bottom pivot has been found. Pacer Us Export Leaders Etf 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 Us Export Leaders Etf ETF
Pacer Us Export Leaders Etf finds support from accumulated volume at $48.79 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 $0.232 between high and low, or 0.475%. For the last week the ETF has had daily average volatility of 0.560%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEXL) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Pacer Us Export Leaders Etf to open at $48.88, and during the day (based on 14 day Average True Range), to move between $48.35 and $49.33, which gives a possible trading interval of +/-$0.488 (+/-1.00%) up or down from last closing price. If Pacer Us Export Leaders Etf takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.79 (0.10%) than the resistance at $49.00 (0.33%), 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 Us Export Leaders Etf ETF A Buy?
Pacer Us Export Leaders Etf holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -2.085 Sell Candidate Downgraded
Predicted Opening Price for Pacer Us Export Leaders Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$48.88 ( 0.0874%) | $48.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEXL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 49.11 | 0.562% |
R2 | 49.03 | 0.381% |
R1 | 48.97 | 0.269% |
Price | 48.84 | |
S1 | 48.79 | -0.0938% |
S2 | 48.74 | -0.206% |
S3 | 48.65 | -0.387% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 49.42 | 1.18% |
R2 | 49.04 | 0.411% |
R1 | 49.00 | 0.333% |
Price | 48.84 | |
S1 | 48.79 | -0.104% |
S2 | 48.79 | -0.107% |
S3 | 48.32 | -1.06% |
PEXL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 19, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.0539 | 0.109% |
2 | Feb 24, 2023 | Dec 27, 2023 | Jan 03, 2024 | $0.0461 | 0.104% |
3 | Feb 24, 2023 | Sep 21, 2023 | Sep 27, 2023 | $0.0589 | 0.143% |
4 | Feb 24, 2023 | Jun 22, 2023 | Jun 28, 2023 | $0.0560 | 0.131% |
5 | Feb 24, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.0650 | 0.160% |
FAQ
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