POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF Forecast
Green day on Monday for POWERSHARES BULLETSHARES 2024 HIGH YIELD
(Updated on Jun 17, 2024)
The POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF price gained 0.0659% on the last trading day (Monday, 17th Jun 2024), rising from $22.77 to $22.79. During the last trading day the ETF fluctuated 0.131% from a day low at $22.76 to a day high of $22.79. The price has risen in 5 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume fell on the last day by -77 thousand shares and in total, 57 thousand shares were bought and sold for approximately $1.30 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 moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF with a 90% probability to be traded between $22.75 and $22.86 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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BSJO Signals & Forecast
The POWERSHARES BULLETSHARES 2024 HIGH YIELD 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 $22.77 and $22.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 0.397%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Wednesday, May 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 01, 2023.
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 Wednesday, May 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 01, 2023.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 Wednesday, May 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, November 01, 2023.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 Monday, May 20, 2024 with a target of $22.72. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF
POWERSHARES BULLETSHARES 2024 HIGH YIELD finds support from accumulated volume at $22.76 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0299 between high and low, or 0.131%. For the last week the ETF has had daily average volatility of 0.130%
Our recommended stop-loss: $21.27 (-6.64%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (BSJO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO to open at $22.78, and during the day (based on 14 day Average True Range), to move between $22.75 and $22.82, which gives a possible trading interval of +/-$0.0341 (+/-0.15%) up or down from last closing price. If POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO takes out the full calculated possible swing range there will be an estimated 0.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.79 (0.02%) than the support at $22.76 (0.11%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF to perform well in the short-term period.
Current score: 2.106 Buy Candidate Unchanged
Predicted Opening Price for POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $22.78 ( 0.0294%) | $22.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSJO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.81 | 0.102% |
| R2 | 22.80 | 0.0517% |
| R1 | 22.79 | 0.0207% |
| Price | 22.79 | |
| S1 | 22.77 | -0.0795% |
| S2 | 22.76 | -0.111% |
| S3 | 22.75 | -0.161% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 22.80 | 0.0869% |
| R1 | 22.79 | 0.0219% |
| Price | 22.79 | |
| S1 | 22.76 | -0.110% |
| S2 | 22.74 | -0.197% |
| S3 | 22.71 | -0.329% |
BSJO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 24, 2024 | $0.116 | 0.508% |
| 2 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.116 | 0.509% |
| 3 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.114 | 0.503% |
| 4 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.117 | 0.515% |
| 5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.113 | 0.497% |
FAQ
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