Pacer Trendpilot US Mid Cap ETF Forecast
Red day on Friday for Pacer Trendpilot US Mid Cap ETF after losing 0.0280%
(Updated on May 17, 2024)
The Pacer Trendpilot US Mid Cap ETF price fell by -0.0280% on the last day (Friday, 17th May 2024) from $35.72 to $35.71. During the last trading day the ETF fluctuated 0.280% from a day low at $35.68 to a day high of $35.78. The price has been going up and down for this period, and there has been a 2.91% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -4 thousand shares and in total, 18 thousand shares were bought and sold for approximately $656.56 thousand.
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 2.31% during the next 3 months and, with a 90% probability hold a price between $34.50 and $37.34 at the end of this 3-month period.
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PTMC Signals & Forecast
The Pacer Trendpilot US Mid 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 $35.68 and $34.80. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.92%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -11.46% to $31.62 within 33 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Pacer Trendpilot US Mid Cap ETF
Pacer Trendpilot US Mid Cap finds support from accumulated volume at $34.78 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.0999 between high and low, or 0.280%. For the last week the ETF has had daily average volatility of 0.614%.
Our recommended stop-loss: $34.29 (-3.97%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (PTMC) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Pacer Trendpilot US Mid Cap ETF to open at $35.72, and during the day (based on 14 day Average True Range), to move between $35.35 and $36.07, which gives a possible trading interval of +/-$0.364 (+/-1.02%) up or down from last closing price. If Pacer Trendpilot US Mid Cap ETF takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.82 (0.31%) than the support at $34.78 (2.60%), 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 Trendpilot US Mid Cap ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pacer Trendpilot US Mid Cap ETF to perform well in the short-term.
Current score: 3.773 Buy Candidate Unchanged
Predicted Opening Price for Pacer Trendpilot US Mid Cap ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $35.72 ( 0.0372%) | $35.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTMC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.82 | 0.317 % | |
| R2 | 35.79 | 0.210 % | ||
| R1 | 35.76 | 0.144 % | ||
| Current price: | 35.71 | |||
| Support | S1 | 35.69 | -0.0696 % | |
| S2 | 35.66 | -0.136 % | ||
| S3 | 35.62 | -0.243 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.04 | 0.92 % | |
| R2 | 36.03 | 0.90 % | ||
| R1 | 35.82 | 0.308 % | ||
| Current price | 35.71 | |||
| Support | S1 | 34.78 | -2.60% | |
| S2 | 33.91 | -5.05% | ||
| S3 | 33.16 | -7.14% |
PTMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.631 | 1.90% |
| 2 | Dec 21, 2022 | Dec 22, 2022 | Dec 29, 2022 | $0.255 | 0.81% |
| 3 | Dec 18, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.171 | 0.523% |
| 4 | Dec 23, 2019 | Dec 24, 2019 | Dec 27, 2019 | $0.432 | 1.41% |
| 5 | Dec 21, 2018 | Dec 24, 2018 | Dec 27, 2018 | $0.275 | 0.89% |
FAQ
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