Pacer WealthShield ETF Forecast

Pacer WealthShield ETF price down 0.88% on Thursday
(Updated on May 30, 2024)

PWS Signals & Forecast

The Pacer WealthShield ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $28.80. On a fall, the ETF will find some support from the long-term average at approximately $28.36. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -2.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Pacer WealthShield 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Pacer WealthShield ETF

Pacer WealthShield finds support from accumulated volume at $28.42 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 $0.100 between high and low, or 0.353%. For the last week the ETF has had daily average volatility of 0.176%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PWS) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect Pacer WealthShield ETF to open at $28.45, and during the day (based on 14 day Average True Range), to move between $28.28 and $28.62, which gives a possible trading interval of +/-$0.170 (+/-0.60%) up or down from last closing price. If Pacer WealthShield ETF takes out the full calculated possible swing range there will be an estimated 1.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $28.42 (0.09%) than the resistance at $28.96 (1.80%), 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 WealthShield ETF ETF A Buy?

Pacer WealthShield holds several negative signals and is within a 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.

Current score: -1.742 Sell Candidate Unchanged

Predicted Opening Price for Pacer WealthShield ETF of Friday, May 31, 2024

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