ICOW Pacer Developed Markets International Cash Cows 100 ETF Analysis: bearish-leaning zone at Close 42.42 | aeoae
Pacer Developed Markets International Cash Cows 100 (ICOW) bearish-leaning zone at close 42.42, 62% structure confidence. L1-L4 levels, trend signals, and 60-day backtest data — all updated daily for independent analysis.
Date: 2026-07-20 00:00:00
Close: 42.419998
Trend structure: bearish-leaning zone
Next-session four-line locked levels
L1 (defense baseline): 42.165
L2 (weak-to-strong confirmation): 42.448
L3 (strong zone confirmation): 42.657
L4 (upside target zone): 43.138
Close is above 1 L-line(s).
Boundary accuracy (structure quality): 61.9%
Confidence tier: moderately high confidence
Four-line confidence hub
Composite score: 0.323
Support hit rate: 23.1%
Resistance hit rate: 27.2%
Rating stability: 34.6%
Range accuracy: 32.3%
Peer group ranking
U.S. Mid Cap rank: 90/106 (below peer average)
Top 3 in group: EWH, TMSL, ILCG
Phase target tracking
Lock date: 2026-06-16
Phase target: 47.624
Days elapsed: 22
Status: Tracking
Target return: 8.1%
Gap to target: 12.3%
L4 upside target touch rate
Next 15d: 33.3%
Next 30d: 33.3%
Next 60d: 33.3%
Next 120d: 33.3%
Rating stability: moderate (42.7%)
Boundary accuracy breakdown
recent boundary alignment: 10.1 pts
relative advantage: 18.61 pts
historical depth: 20 pts
stability: 6.41 pts
current structure strength: 3.58 pts
Trend Analysis
Main judgment: The multi-window backdrop is still positive, but the latest pace is more mixed. The move is still alive, but it is clearly shifting from expansion into cooling/decay. The L-line spread is narrowing after expansion, while structure is still in repair/probe territory. This is a direct multi-line drop, so the intermediate support steps were not completed in order and the move reads as a fast weakening. Structure moved from L3-L4 support zone to L1-L2 probe zone. This is a direct multi-line drop, so the structure has gapped lower and the intermediate support steps were not completed in order. This is still a weak-zone probe; only a stable reclaim of L1 and later L2 (42.448) can clear fake-repair risk; if closes fall back below L1 (42.165), risk release resumes, leaning to cash / wait. Key watch: the low-zone bounce still looks unconfirmed and can fail quickly - close vs L1 is 0.6%, close vs L2 is -0.1%, and close position is 27.5%. Do not read this as real repair until L1/L2 are reclaimed and held. Boundary warning: close is only 0.1% from L2 (42.448), so the upgrade confirmation needs a sustained hold above it, not a single touch. L-line trajectory: All four lines are moving up in sync, structure advancing toward strength. Jump type: tight-line pseudo-jump. Evidence 1: The direct multi-line drop shows the intermediate support steps were not completed in order, Structure stats: zone streak 1, width shift -36.7%, current zone L1-L2 probe zone. Evidence 2: Until the key L-lines are reclaimed, this should be treated as a fast weakening move, Behavior check: support softening. Action bias: cash / wait.
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