PIMCO 25+ YEAR ZERO ETF Forecast
PIMCO 25+ YEAR ZERO ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)
The PIMCO 25+ YEAR ZERO ETF price gained 1.37% on the last trading day (Wednesday, 27th Mar 2024), rising from $78.02 to $79.09. During the last trading day the ETF fluctuated 1.31% from a day low at $78.09 to a day high of $79.11. The price has risen in 6 of the last 10 days and is up by 0.29% 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, 19 thousand more shares were traded than the day before. In total, 219 thousand shares were bought and sold for approximately $17.34 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -5.15% during the next 3 months and, with a 90% probability hold a price between $69.85 and $76.50 at the end of this 3-month period. 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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ZROZ Signals & Forecast
The PIMCO 25+ YEAR ZERO ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $77.63 and $78.06. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, March 06, 2024, and so far it has fallen -2.49%. 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 25+ YEAR ZERO ETF
PIMCO 25+ YEAR ZERO finds support from accumulated volume at $78.62 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 $1.02 between high and low, or 1.31%. For the last week the ETF has had daily average volatility of 1.14%.
Our recommended stop-loss: $75.57 (-4.45%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (ZROZ) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect PIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX FUND to open at $78.76, and during the day (based on 14 day Average True Range), to move between $77.94 and $80.24, which gives a possible trading interval of +/-$1.15 (+/-1.45%) up or down from last closing price. If PIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX FUND takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $78.62 (0.59%) than the resistance at $80.82 (2.19%), 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 25+ YEAR ZERO COUPON U.S. TREASURY INDEX FUND ETF A Buy?
PIMCO 25+ YEAR ZERO 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.903 Hold/Accumulate Upgraded
Predicted Opening Price for PIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX FUND of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$78.76 ( 0.413%) | $79.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZROZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 79.78 | 0.88 % | |
R2 | 79.39 | 0.384 % | ||
R1 | 79.15 | 0.0796 % | ||
Current price: | 79.09 | |||
Support | S1 | 78.37 | -0.91 % | |
S2 | 78.13 | -1.21 % | ||
S3 | 77.74 | -1.70 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 83.38 | 5.42 % | |
R2 | 81.46 | 3.00 % | ||
R1 | 80.82 | 2.19 % | ||
Current price | 79.09 | |||
Support | S1 | 78.62 | -0.594% | |
S2 | 78.31 | -0.99% | ||
S3 | 76.72 | -3.00% |
ZROZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.780 | 0.90% |
2 | Jan 31, 2023 | Oct 02, 2023 | Oct 05, 2023 | $0.710 | 1.04% |
3 | Jan 31, 2023 | Jul 03, 2023 | Jul 07, 2023 | $0.780 | 0.90% |
4 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | $0.730 | 0.764% |
5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.620 | 0.699% |
FAQ
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