PIMCO Broad U.S. TIPS Index ETF Forecast
Evaluation of PIMCO Broad U.S. TIPS Index ETF downgraded after the last trading session.
(Updated on Jun 17, 2024)
The PIMCO Broad U.S. TIPS Index ETF price fell by -0.218% on the last day (Monday, 17th Jun 2024) from $52.64 to $52.52. During the last trading day the ETF fluctuated 0.0894% from a day low at $52.48 to a day high of $52.53. The price has risen in 7 of the last 10 days and is up by 0.32% over the past 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $357.14 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $52.54 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect PIMCO Broad U.S. TIPS Index ETF with a 90% probability to be traded between $51.13 and $52.11 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TIPZ Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.323%. 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). PIMCO Broad U.S. TIPS Index gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 $52.43 and $52.39. A breakdown below any of these levels will issue sell signals.
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 $0.0469 between high and low, or 0.0894%. For the last week the ETF has had daily average volatility of 0.187%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TIPZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect PIMCO Broad U.S. TIPS Index Exchange-Traded Fund to open at $52.51, and during the day (based on 14 day Average True Range), to move between $52.34 and $52.70, which gives a possible trading interval of +/-$0.182 (+/-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 0.69% 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 (0.25%) than the support at $52.16 (0.69%), 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 negative signals and we believe that 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: -2.007 Sell Candidate Downgraded
Predicted Opening Price for PIMCO Broad U.S. TIPS Index Exchange-Traded Fund of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $52.51 ( 0.0171%) | $52.52 |
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 | 52.56 | 0.0722% |
| R2 | 52.54 | 0.0381% |
| R1 | 52.53 | 0.0170% |
| Price | 52.52 | |
| S1 | 52.49 | -0.0512% |
| S2 | 52.48 | -0.0723% |
| S3 | 52.46 | -0.106% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.29 | 1.47% |
| R2 | 52.86 | 0.647% |
| R1 | 52.65 | 0.248% |
| Price | 52.52 | |
| S1 | 52.16 | -0.685% |
| S2 | 51.94 | -1.10% |
| S3 | 51.77 | -1.43% |
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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