Pacer Trendpilot US Large Cap ETF Forecast
Pacer Trendpilot US Large Cap ETF upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Pacer Trendpilot US Large Cap ETF price gained 0.642% on the last trading day (Tuesday, 2nd Jul 2024), rising from $49.88 to $50.20. During the last trading day the ETF fluctuated 0.90% from a day low at $49.75 to a day high of $50.20. The price has risen in 6 of the last 10 days and is up by 0.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 236 more shares were traded than the day before. In total, 146 thousand shares were bought and sold for approximately $7.33 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 8.80% during the next 3 months and, with a 90% probability hold a price between $52.83 and $56.14 at the end of this 3-month period.
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PTLC Signals & Forecast
Mostly positive signals in the chart today. The Pacer Trendpilot US Large Cap ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $49.89 and $48.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.09%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Pacer Trendpilot US Large Cap ETF
Pacer Trendpilot US Large Cap finds support from accumulated volume at $49.76 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 $0.450 between high and low, or 0.90%. For the last week the ETF has had daily average volatility of 0.746%.
Our recommended stop-loss: $48.46 (-3.46%) (This ETF has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (PTLC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pacer Trendpilot US Large Cap ETF to open at $50.05, and during the day (based on 14 day Average True Range), to move between $49.81 and $50.59, which gives a possible trading interval of +/-$0.389 (+/-0.78%) up or down from last closing price. If Pacer Trendpilot US Large Cap ETF takes out the full calculated possible swing range there will be an estimated 1.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $49.76, some $0.440 (0.88%) from the current price of $50.20, our system finds the risk reward attractive.
Is Pacer Trendpilot US Large Cap ETF ETF A Buy?
Pacer Trendpilot US Large Cap holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.359 Strong Buy Candidate Upgraded
Predicted Opening Price for Pacer Trendpilot US Large Cap ETF of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$50.05 ( 0.299%) | $50.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTLC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.50 | 0.598% |
R2 | 50.33 | 0.255% |
R1 | 50.22 | 0.0436% |
Price | 50.20 | |
S1 | 49.88 | -0.641% |
S2 | 49.77 | -0.85% |
S3 | 49.60 | -1.20% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 50.20 | |
S1 | 49.76 | -0.88% |
S2 | 48.77 | -2.86% |
S3 | 45.68 | -9.00% |
PTLC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.510 | 1.18% |
2 | Dec 21, 2022 | Dec 22, 2022 | Dec 29, 2022 | $0.471 | 1.26% |
3 | Dec 18, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.352 | 1.08% |
4 | Dec 23, 2019 | Dec 24, 2019 | Dec 27, 2019 | $0.368 | 1.10% |
5 | Dec 21, 2018 | Dec 24, 2018 | Dec 27, 2018 | $0.287 | 1.00% |
FAQ
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