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- 4/19/2024 -
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PIMCO Active Bond Exchange-Traded Fund (BOND) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the PIMCO Active Bond Exchange-Traded Fund (BOND). During the week, the BOND gave back -0.32 points, or -0.36%, and closed at 89.43 on Friday, April 19, 2024. Weekly volume was -35% below average.
 Long-term trend: [See BOND long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 85.10 and reached 93.18 on December 27, 2023. BOND gained -8.08 points, or -9.49%, in 9 weeks. The price is now at the 46.41% retracement level.
 Medium-term trend: [See BOND medium-term trend chart]
A medium-term downtrend had started on December 27, 2023 at 93.18 and reached 88.90 on April 16, 2024. BOND lost 4.28 points, or 4.59%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 88.85 and resistance is at 91.37. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See BOND weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See BOND short-term trend chart]
A short-term downtrend had started on March 27, 2024 at 91.94 and reached 88.90 on April 16, 2024. BOND lost 3.04 points, or 3.31%, in 20 days. The price is now at the 17.43% retracement level.
 Daily Technical Indicators: [See BOND daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (89.78) comes close to the price (89.43). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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