POWERSHARES VRI ETF Forecast
POWERSHARES VRI ETF upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The POWERSHARES VRI ETF price gained 0.0798% on the last trading day (Thursday, 25th Apr 2024), rising from $25.06 to $25.08. During the last trading day the ETF fluctuated 0.0798% from a day low at $25.06 to a day high of $25.08. The price has risen in 5 of the last 10 days but is still down by -0.32% for this period. Volume fell on the last day by -2 thousand shares and in total, 192 thousand shares were bought and sold for approximately $4.81 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.06 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect POWERSHARES VRI ETF with a 90% probability to be traded between $25.10 and $25.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VRIG Signals & Forecast
The POWERSHARES VRI ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $25.12 and $25.12. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.0798%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Friday, December 29, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, December 29, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A buy signal from a double bottom formation was found on Wednesday, April 24, 2024 and based on theory for this formation the price should go up by 0.120% to $25.11 within 26 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for POWERSHARES VRI ETF
POWERSHARES VRI finds support from accumulated volume at $25.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0200 between high and low, or 0.0798%. For the last week the ETF has had daily average volatility of 0.0877%.
Our recommended stop-loss: $23.13 (-7.76%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (VRIG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO to open at $25.07, and during the day (based on 14 day Average True Range), to move between $25.05 and $25.11, which gives a possible trading interval of +/-$0.0315 (+/-0.13%) up or down from last closing price. If POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO takes out the full calculated possible swing range there will be an estimated 0.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.07 (0.04%) than the resistance at $25.13 (0.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.175 Buy Candidate Upgraded
Predicted Opening Price for POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $25.07 ( 0.0266%) | $25.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.09 | 0.0532 % | |
| R2 | 25.09 | 0.0227 % | ||
| R1 | 25.08 | 0.0039 % | ||
| Current price: | 25.08 | |||
| Support | S1 | 25.07 | -0.0570 % | |
| S2 | 25.06 | -0.0759 % | ||
| S3 | 25.05 | -0.106 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.16 | 0.319 % | |
| R2 | 25.15 | 0.279 % | ||
| R1 | 25.13 | 0.179 % | ||
| Current price | 25.08 | |||
| Support | S1 | 25.07 | -0.0399% | |
| S2 | 25.07 | -0.0598% | ||
| S3 | 25.05 | -0.120% |
VRIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.134 | 0.535% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.130 | 0.520% |
| 3 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.129 | 0.516% |
| 4 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.131 | 0.522% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.152 | 0.608% |
FAQ
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