PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF Forecast
PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF price ended at $37.03 on Tuesday, after losing 0.104%.
(Updated on May 07, 2024)
The PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF price fell by -0.104% on the last day (Tuesday, 7th May 2024) from $37.07 to $37.03. During the last trading day the ETF fluctuated 0.94% from a day low at $36.82 to a day high of $37.16. The price has risen in 6 of the last 10 days and is up by 7.31% over the past 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $93.17 thousand.
The ETFhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $37.01, a level that may pose a second chance to hit a runner. According to fan-theory $41.20 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BTEC Signals & Forecast
The PRINCIPAL HEALTHCARE INNOVATORS INDEX 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 $36.18 and $36.09. 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 Monday, May 06, 2024, and so far it has fallen -0.104%. Further fall is indicated until a new bottom pivot has been found. PRINCIPAL HEALTHCARE INNOVATORS INDEX gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF
PRINCIPAL HEALTHCARE INNOVATORS INDEX finds support from accumulated volume at $37.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.345 between high and low, or 0.94%. For the last week, the ETF has had daily average volatility of 1.39%.
Our recommended stop-loss: $36.05 (-2.66%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BTEC) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF to open at $37.00, and during the day (based on 14 day Average True Range), to move between $36.38 and $37.68, which gives a possible trading interval of +/-$0.649 (+/-1.75%) up or down from last closing price. If PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.02 (0.03%) than the resistance at $38.03 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF ETF A Buy?
PRINCIPAL HEALTHCARE INNOVATORS INDEX 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: -0.467 Hold/Accumulate Unchanged
Predicted Opening Price for PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $37.00 ( 0.0789%) | $37.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTEC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.35 | 0.85 % | |
| R2 | 37.22 | 0.497 % | ||
| R1 | 37.13 | 0.277 % | ||
| Current price: | 37.03 | |||
| Support | S1 | 36.87 | -0.435 % | |
| S2 | 36.79 | -0.655 % | ||
| S3 | 36.66 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.85 | 4.91 % | |
| R2 | 38.60 | 4.24 % | ||
| R1 | 38.03 | 2.70 % | ||
| Current price | 37.03 | |||
| Support | S1 | 37.02 | -0.0305% | |
| S2 | 36.68 | -0.95% | ||
| S3 | 33.86 | -8.56% |
BTEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2023 | Dec 29, 2021 | Apr 06, 2023 | $0.453 | 1.36% |
| 2 | Dec 16, 2020 | Dec 17, 2020 | Dec 22, 2020 | $0.215 | 0.344% |
| 3 | Dec 15, 2017 | Dec 15, 2017 | Dec 20, 2017 | $0.0510 | 0.167% |
FAQ
Click here for our free guide on how to buy PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF PRINCIPAL HEALTHCARE INNOVATORS INDEX ETF ETF.
