PIMCO 1-5 Year U.S. TIPS Index ETF Forecast

PIMCO 1-5 Year U.S. TIPS Index ETF downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)

STPZ Signals & Forecast

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. The PIMCO 1-5 Year U.S. TIPS Index ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $51.27 and $51.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.747%. 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 Tuesday, February 27, 2024 in the short-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 PIMCO 1-5 Year U.S. TIPS Index ETF

PIMCO 1-5 Year U.S. TIPS Index finds support from accumulated volume at $51.13 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 $0.160 between high and low, or 0.313%. For the last week the ETF has had daily average volatility of 0.138%.

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

Trading Expectations (STPZ) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund to open at $51.13, and during the day (based on 14 day Average True Range), to move between $51.05 and $51.23, which gives a possible trading interval of +/-$0.0930 (+/-0.18%) up or down from last closing price. If PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund takes out the full calculated possible swing range there will be an estimated 0.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $51.13 (0.02%) than the resistance at $51.26 (0.23%), 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 1-5 Year U.S. TIPS Index Exchange-Traded Fund ETF A Buy?

PIMCO 1-5 Year U.S. TIPS Index holds several negative signals and is within a narrow and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.968 Sell Candidate Downgraded

Predicted Opening Price for PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund of Thursday, May 2, 2024

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