Pacer Trendpilot 100 ETF Forecast
Red day on Friday for Pacer Trendpilot 100
(Updated on May 17, 2024)
The Pacer Trendpilot 100 ETF price fell by -0.0432% on the last day (Friday, 17th May 2024) from $69.52 to $69.49. During the last trading day the ETF fluctuated 0.461% from a day low at $69.36 to a day high of $69.68. The price has risen in 7 of the last 10 days and is up by 2.13% over the past 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 -19 thousand shares and in total, 28 thousand shares were bought and sold for approximately $1.94 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $69.67 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Pacer Trendpilot 100 ETF with a 90% probability to be traded between $66.59 and $69.95 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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PTNQ Signals & Forecast
The Pacer Trendpilot 100 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 $69.09 and $68.07. 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 -0.244%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Thursday, November 02, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, November 02, 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.
Support, Risk & Stop-loss for Pacer Trendpilot 100 ETF
Pacer Trendpilot 100 finds support from accumulated volume at $68.65 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 $0.320 between high and low, or 0.461%. For the last week the ETF has had daily average volatility of 0.457%.
Our recommended stop-loss: $66.96 (-3.65%) (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 (PTNQ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Pacer Trendpilot 100 ETF to open at $69.51, and during the day (based on 14 day Average True Range), to move between $69.05 and $69.93, which gives a possible trading interval of +/-$0.442 (+/-0.64%) up or down from last closing price. If Pacer Trendpilot 100 ETF takes out the full calculated possible swing range there will be an estimated 1.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $69.52 (0.04%) than the support at $68.65 (1.21%), 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 100 ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pacer Trendpilot 100 ETF to perform well in the short-term period.
Current score: 2.389 Buy Candidate Unchanged
Predicted Opening Price for Pacer Trendpilot 100 ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$69.51 ( 0.0288%) | $69.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTNQ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 69.83 | 0.489 % | |
R2 | 69.71 | 0.313 % | ||
R1 | 69.63 | 0.205 % | ||
Current price: | 69.49 | |||
Support | S1 | 69.39 | -0.147 % | |
S2 | 69.31 | -0.256 % | ||
S3 | 69.19 | -0.432 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 69.66 | 0.245 % | ||
R1 | 69.52 | 0.0432 % | ||
Current price | 69.49 | |||
Support | S1 | 68.65 | -1.21% | |
S2 | 68.50 | -1.42% | ||
S3 | 68.48 | -1.45% |
PTNQ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Jan 03, 2024 | $0.306 | 0.474% |
2 | Feb 18, 2022 | Dec 22, 2022 | Dec 29, 2022 | $0.306 | 0.622% |
3 | Dec 18, 2020 | Dec 21, 2020 | Dec 28, 2020 | $0.0830 | 0.160% |
4 | Dec 23, 2019 | Dec 24, 2019 | Dec 27, 2019 | $0.177 | 0.437% |
5 | Dec 21, 2018 | Dec 24, 2018 | Dec 27, 2018 | $0.148 | 0.453% |
FAQ
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