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Downtrend Broken Resist.Archive
- 4/26/2024 -
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PIMCO Active Bond Exchange-Traded Fund (BOND) Technical Analysis
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| Summary:
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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 -0.31 points, or -0.35%, and closed at 89.12 on Friday, April 26, 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 price is now at the 50.25% 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 88.88 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 88.66 and resistance is at 91.25. 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 strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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. 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 11, 2024 at 91.98 and reached 88.88 on April 25, 2024. BOND lost 3.10 points, or 3.37%, in 45 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 88.81 and resistance is at 91.87. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See BOND daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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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