Pimco Short-term High Yield Corporate ETF Forecast
Pimco Short-term High Yield Corporate ETF price up 0.149% on Friday
(Updated on Jun 28, 2024)
The Pimco Short-term High Yield Corporate ETF price gained 0.149% on the last trading day (Friday, 28th Jun 2024), rising from 73.76€ to 73.87€. During the last trading day the ETF fluctuated 0.325% from a day low at 73.83€ to a day high of 74.07€. The price has been going up and down for this period, and there has been a -0.4% loss for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 3 thousand shares were bought and sold for approximately 203.36€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pimco Short-term High Yield Corporate ETF with a 90% probability to be traded between 73.27€ and 74.75€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
STHE.MI Signals & Forecast
There are mixed signals in the ETF today. The Pimco Short-term High Yield Corporate 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 74.04€. On a fall, the ETF will find some support from the short-term average at 73.81€. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.203%. Further rise is indicated until a new top pivot has been found. The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, September 11, 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.
Golden Star
The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, September 11, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, September 11, 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 73.81€ 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 0.240€ between high and low, or 0.325%. For the last week the ETF has had daily average volatility of 0.274%
Our recommended stop-loss: 69.77€ (-5.55%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (STHE.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pimco Short-term High Yield Corporate Bond Index Source Ucits Etf to open at 73.92€, and during the day (based on 14 day Average True Range), to move between 73.56€ and 74.18€, which gives a possible trading interval of +/-0.308€ (+/-0.42%) 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 0.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 73.81€ (0.08%) than the resistance at 74.29€ (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pimco Short-term High Yield Corporate Bond Index Source Ucits 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 Pimco Short-term High Yield Corporate ETF to perform well in the short-term period.
Current score: 2.472 Buy Candidate Unchanged
Predicted Opening Price for Pimco Short-term High Yield Corporate Bond Index Source Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
73.92€ ( 0.0722%) | 73.87€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STHE.MI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 74.16 | 0.397% |
R2 | 74.07 | 0.273% |
R1 | 74.02 | 0.196% |
Price | 73.87 | |
S1 | 73.83 | -0.0519% |
S2 | 73.78 | -0.129% |
S3 | 73.68 | -0.253% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 74.42 | 0.745% |
R2 | 74.36 | 0.663% |
R1 | 74.29 | 0.569% |
Price | 73.87 | |
S1 | 73.81 | -0.0812% |
S2 | 73.68 | -0.257% |
S3 | 73.61 | -0.352% |
FAQ
Click here for our free guide on how to buy Pimco Short-term High Yield Corporate Bond Index Source Ucits Etf ETF.