PIMCO Broad U.S. TIPS Index ETF Forecast
Green day on Friday for PIMCO Broad U.S. TIPS Index ETF after gaining 0.0532%
(Updated on Jun 14, 2024)
The PIMCO Broad U.S. TIPS Index ETF price gained 0.0532% on the last trading day (Friday, 14th Jun 2024), rising from $52.61 to $52.64. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.0760% from a day low at $52.61 to a day high of $52.65. The price has risen in 7 of the last 10 days and is up by 0.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $228.12 thousand.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $52.53 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $53.53 sometime during the next 3 months.
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TIPZ Signals & Forecast
The PIMCO Broad U.S. TIPS Index ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $52.45 and $52.38. A breakdown below any of these levels will issue sell signals. PIMCO Broad U.S. TIPS Index has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -0.104%. 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).
Support, Risk & Stop-loss for PIMCO Broad U.S. TIPS Index ETF
PIMCO Broad U.S. TIPS Index finds support from accumulated volume at $52.16 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 $0.0400 between high and low, or 0.0760%. For the last week the ETF has had daily average volatility of 0.182%.
Our recommended stop-loss: $50.55 (-3.96%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (TIPZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect PIMCO Broad U.S. TIPS Index Exchange-Traded Fund to open at $52.63, and during the day (based on 14 day Average True Range), to move between $52.45 and $52.82, which gives a possible trading interval of +/-$0.184 (+/-0.35%) up or down from last closing price. If PIMCO Broad U.S. TIPS Index Exchange-Traded Fund takes out the full calculated possible swing range there will be an estimated 0.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.65 (0.03%) than the support at $52.16 (0.90%), 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 Broad U.S. TIPS Index Exchange-Traded Fund ETF A Buy?
PIMCO Broad U.S. TIPS Index 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: 0.007 Hold/Accumulate Unchanged
Predicted Opening Price for PIMCO Broad U.S. TIPS Index Exchange-Traded Fund of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $52.63 ( 0.0063%) | $52.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIPZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.67 | 0.0697% |
| R2 | 52.66 | 0.0406% |
| R1 | 52.65 | 0.0227% |
| Price | 52.64 | |
| S1 | 52.62 | -0.0354% |
| S2 | 52.61 | -0.0533% |
| S3 | 52.59 | -0.0823% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.29 | 1.24% |
| R2 | 52.86 | 0.427% |
| R1 | 52.65 | 0.0285% |
| Price | 52.64 | |
| S1 | 52.16 | -0.90% |
| S2 | 51.94 | -1.32% |
| S3 | 51.77 | -1.64% |
TIPZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 06, 2024 | $0.420 | 0.80% |
| 2 | Jan 09, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.330 | 0.624% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0600 | 0.112% |
| 4 | Jan 31, 2023 | Dec 01, 2023 | Dec 06, 2023 | $0.220 | 0.419% |
| 5 | Jan 31, 2023 | Nov 01, 2023 | Oct 05, 2023 | $0.280 | 0.549% |
FAQ
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