POWERSHARES BULLETSHARES 2025 CORPORATE ETF Forecast
POWERSHARES BULLETSHARES 2025 CORPORATE ETF downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)
No changes to the price of POWERSHARES BULLETSHARES 2025 CORPORATE ETF on the last trading day (Monday, 17th Jun 2024). During the last trading day the ETF fluctuated 0.0488% from a day low at $20.49 to a day high of $20.50. The price has risen in 4 of the last 10 days and is up by 0.2% over the past 2 weeks.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $20.51 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect POWERSHARES BULLETSHARES 2025 CORPORATE ETF with a 90% probability to be traded between $20.48 and $20.58 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BSCP Signals & Forecast
The POWERSHARES BULLETSHARES 2025 CORPORATE ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.49 and $20.45. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The ETF had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.
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
The ETF had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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 Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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.
Support, Risk & Stop-loss for POWERSHARES BULLETSHARES 2025 CORPORATE ETF
POWERSHARES BULLETSHARES 2025 CORPORATE finds support from accumulated volume at $20.46 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 $0.0100 between high and low, or 0.0488%. For the last week the ETF has had daily average volatility of 0.0879%.
The POWERSHARES BULLETSHARES 2025 CORPORATE ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: $19.47 (-5.04%) (This ETF has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BSCP) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO to open at $20.50, and during the day (based on 14 day Average True Range), to move between $20.48 and $20.52, which gives a possible trading interval of +/-$0.0187 (+/-0.09%) up or down from last closing price. If POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO takes out the full calculated possible swing range there will be an estimated 0.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $20.46, some $0.0400 (0.20%) from the current price of $20.50, our system finds the risk reward attractive.
Is POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO ETF A Buy?
POWERSHARES BULLETSHARES 2025 CORPORATE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.816 Hold/Accumulate Downgraded
Predicted Opening Price for POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $20.50 ( 0.0163%) | $20.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSCP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.51 | 0.0325% |
| R2 | 20.50 | 0.0139% |
| R1 | 20.50 | 0.0024% |
| Price | 20.50 | |
| S1 | 20.49 | -0.0349% |
| S2 | 20.49 | -0.0464% |
| S3 | 20.49 | -0.0650% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 20.50 | |
| S1 | 20.46 | -0.195% |
| S2 | 20.43 | -0.341% |
| S3 | 20.42 | -0.390% |
BSCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 24, 2024 | $0.0680 | 0.333% |
| 2 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0662 | 0.325% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0662 | 0.324% |
| 4 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.0640 | 0.314% |
| 5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0622 | 0.304% |
FAQ
Click here for our free guide on how to buy POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2025 CORPORATE BOND PORTFOLIO ETF.
