POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF Forecast
POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF price up 0.0440% on Tuesday
(Updated on Jun 25, 2024)
The POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF price gained 0.0440% on the last trading day (Tuesday, 25th Jun 2024), rising from $22.71 to $22.72. During the last trading day the ETF fluctuated 0.0876% from a day low at $22.71 to a day high of $22.73. The price has risen in 6 of the last 10 days but is still down by -0.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 94 thousand more shares were traded than the day before. In total, 163 thousand shares were bought and sold for approximately $3.70 million.
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 $22.71 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF with a 90% probability to be traded between $22.74 and $22.85 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
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.0440%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The POWERSHARES BULLETSHARES 2024 HIGH YIELD 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 $22.77 and $22.75. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for POWERSHARES BULLETSHARES 2024 HIGH YIELD ETF
POWERSHARES BULLETSHARES 2024 HIGH YIELD finds support from accumulated volume at $22.71 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 $0.0199 between high and low, or 0.0876%. For the last week the ETF has had daily average volatility of 0.0720%.
Our recommended stop-loss: $20.94 (-7.82%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BSJO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO to open at $22.72, and during the day (based on 14 day Average True Range), to move between $22.68 and $22.76, which gives a possible trading interval of +/-$0.0355 (+/-0.16%) 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 0.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.71 (0.04%) than the resistance at $22.74 (0.09%), 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 BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO ETF A Buy?
POWERSHARES BULLETSHARES 2024 HIGH YIELD 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.
Current score: 0.433 Hold/Accumulate Unchanged
Predicted Opening Price for POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO POWERSHARES BULLETSHARES 2024 HIGH YIELD CORPORATE BOND PORTFOLIO of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$22.72 ( 0.0001%) | $22.72 |
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 | 22.74 | 0.0874% |
R2 | 22.73 | 0.0540% |
R1 | 22.73 | 0.0333% |
Price | 22.72 | |
S1 | 22.71 | -0.0336% |
S2 | 22.71 | -0.0543% |
S3 | 22.70 | -0.0877% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.77 | 0.220% |
R2 | 22.76 | 0.176% |
R1 | 22.74 | 0.0880% |
Price | 22.72 | |
S1 | 22.71 | -0.0440% |
S2 | 22.71 | -0.0660% |
S3 | 22.70 | -0.110% |
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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