Pacer Benchmark Data & Infrastructure ETF Forecast
Stronger technical forecast for Pacer Benchmark Data & Infrastructure ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Pacer Benchmark Data & Infrastructure ETF price gained 1.03% on the last trading day (Friday, 28th Jun 2024), rising from $27.06 to $27.34. During the last trading day the ETF fluctuated 0.81% from a day low at $27.22 to a day high of $27.44. The price has been going up and down for this period, and there has been a -1.25% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 284 thousand more shares were traded than the day before. In total, 319 thousand shares were bought and sold for approximately $8.72 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pacer Benchmark Data & Infrastructure ETF with a 90% probability to be traded between $26.78 and $28.90 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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SRVR Signals & Forecast
There are mixed signals in the ETF today. The Pacer Benchmark Data & Infrastructure 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 $27.51. On a fall, the ETF will find some support from the short-term average at $27.19. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -3.05%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Pacer Benchmark Data & Infrastructure ETF
Pacer Benchmark Data & Infrastructure finds support from accumulated volume at $27.25 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 $0.220 between high and low, or 0.81%. For the last week the ETF has had daily average volatility of 0.94%.
Our recommended stop-loss: $25.70 (-5.99%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (SRVR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF to open at $27.33, and during the day (based on 14 day Average True Range), to move between $27.03 and $27.65, which gives a possible trading interval of +/-$0.306 (+/-1.12%) up or down from last closing price. If Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.25 (0.33%) than the resistance at $27.56 (0.80%), 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 Benchmark Data & Infrastructure Real Estate SCTR ETF ETF A Buy?
Pacer Benchmark Data & Infrastructure 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.274 Hold/Accumulate Upgraded
Predicted Opening Price for Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $27.33 ( 0.0244%) | $27.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRVR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.55 | 0.780% |
| R2 | 27.47 | 0.473% |
| R1 | 27.42 | 0.283% |
| Price | 27.34 | |
| S1 | 27.25 | -0.332% |
| S2 | 27.20 | -0.522% |
| S3 | 27.11 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.16 | 3.00% |
| R2 | 27.65 | 1.13% |
| R1 | 27.56 | 0.80% |
| Price | 27.34 | |
| S1 | 27.25 | -0.329% |
| S2 | 27.12 | -0.80% |
| S3 | 26.42 | -3.37% |
SRVR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.170 | 0.596% |
| 2 | Feb 24, 2023 | Sep 21, 2023 | Sep 27, 2023 | $0.651 | 2.58% |
| 3 | Feb 24, 2023 | Jun 22, 2023 | Jun 28, 2023 | $0.270 | 0.93% |
| 4 | Feb 24, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.178 | 0.615% |
| 5 | Feb 18, 2022 | Dec 22, 2022 | Dec 29, 2022 | $0.141 | 0.479% |
FAQ
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