Pimco Etfs Plc Pimco Euro Short Maturity ETF Forecast

Pimco Etfs Plc Pimco Euro Short Maturity ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

PJS1.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.131%. Further rise is indicated until a new top pivot has been found. Pimco Etfs Plc Pimco Euro Short Maturity 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pimco Etfs Plc Pimco Euro Short Maturity 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 98.03€. On a fall, the ETF will find some support from the short-term average at 97.93€. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, July 07, 2023 in the long-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.

Buy

Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Friday, July 07, 2023 in the long-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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Thursday, June 20, 2024 with a target of 97.90€. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.

Support, Risk & Stop-loss for Pimco Etfs Plc Pimco Euro Short Maturity ETF

Pimco Etfs Plc Pimco Euro Short Maturity finds support from accumulated volume at 97.96€ 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 0.0480€ between high and low, or 0.0490%. For the last week the ETF has had daily average volatility of 0.0715%.

Our recommended stop-loss: 90.63€ (-7.50%) (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 (PJS1.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Pimco Etfs Plc Pimco Euro Short Maturity Ucits Etf to open at 97.99€, and during the day (based on 14 day Average True Range), to move between 97.89€ and 98.06€, which gives a possible trading interval of +/-0.0847€ (+/-0.09%) up or down from last closing price. If Pimco Etfs Plc Pimco Euro Short Maturity Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 97.96€ (0.02%) than the resistance at 98.09€ (0.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pimco Etfs Plc Pimco Euro Short Maturity Ucits Etf ETF A Buy?

Pimco Etfs Plc Pimco Euro Short Maturity 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. 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 Hold/Accumulate candidate.

Current score: 0.720 Hold/Accumulate Downgraded

Predicted Opening Price for Pimco Etfs Plc Pimco Euro Short Maturity Ucits Etf of Monday, July 1, 2024

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