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- 5/10/2024 -
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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 a second positive week after 4 consecutive negative weeks for the PIMCO Active Bond Exchange-Traded Fund (BOND). During the week, the BOND climbed 0.11 points, or 0.12%, and closed at 90.13 on Friday, May 10, 2024. BOND was trading at average weekly trading volume.
 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 chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 88.49 and resistance is at 91.01. 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 long-term trend.
Medium-term trend: [See BOND medium-term trend chart]
A medium-term downtrend had started on December 27, 2023 at 93.18 and reached 88.88 on April 25, 2024. BOND lost 4.30 points, or 4.61%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 88.49 and resistance is at 91.01. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic 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 and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See BOND short-term trend chart]
A short-term uptrend had started on April 25, 2024 at 88.88 and reached 90.63 on May 7, 2024. BOND gained -1.75 points, or -1.97%, in 12 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 88.96 and resistance is at 91.15. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See BOND daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 26, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (89.85) comes close to the price (90.13). 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.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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