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Archive
- 11/8/2024 -
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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 first positive week after 5 consecutive negative weeks for the PIMCO Active Bond Exchange-Traded Fund (BOND). During the week, the BOND climbed 0.71 points, or 0.78%, and closed at 91.88 on Friday, November 8, 2024. It was the best weekly gain since August 2, 2024. Weekly volume was 79% above 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 95.32 on September 16, 2024. BOND gained -10.22 points, or -12.01%, in 47 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (92.96) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See BOND medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 95.32 and reached 90.62 on November 6, 2024. BOND lost 4.70 points, or 4.93%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 90.31 and resistance is at 92.05. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 October 11, 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 uptrend had started on November 6, 2024 at 90.62 and reached 92.12 on November 8, 2024. BOND gained -1.50 points, or -1.66%, in 2 days. The price is now at the 16.00% retracement level.
 Daily Technical Indicators: [See BOND daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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