Pimco Short-term High Yield Corporate ETF Forecast

Pimco Short-term High Yield Corporate ETF price down 0.289% on Wednesday
(Updated on Jun 19, 2024)

STHE.L Signals & Forecast

The Pimco Short-term High Yield Corporate 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 74.35€. On a fall, the ETF will find some support from the long-term average at approximately 74.12€. 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. 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, June 12, 2024, and so far it has fallen -0.489%. 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. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, September 08, 2023.

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 Pimco Short-term High Yield Corporate ETF

Pimco Short-term High Yield Corporate finds support from accumulated volume at 74.23€ 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 therefore the general risk is considered very 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€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.430%

Our recommended stop-loss: 71.38€ (-3.85%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (STHE.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Pimco Short-term High Yield Corporate Bond Index Source Ucits Etf to open at 74.24€, and during the day (based on 14 day Average True Range), to move between 73.90€ and 74.57€, which gives a possible trading interval of +/-0.332€ (+/-0.45%) up or down from last closing price. If Pimco Short-term High Yield Corporate Bond Index Source Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 74.24€ (0.01%) than the support at 74.23€ (0.01%), 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 Pimco Short-term High Yield Corporate Bond Index Source Ucits Etf ETF A Buy?

Pimco Short-term High Yield Corporate 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.

Current score: 0.392 Hold/Accumulate Unchanged

Predicted Opening Price for Pimco Short-term High Yield Corporate Bond Index Source Ucits Etf of Thursday, June 20, 2024

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