POWERSHARES ZACKS MID-CAP PORTFOLIO ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
POWERSHARES ZACKS MID-CAP PORTFOLIO ETF price up 0.596% on Wednesday
(Updated on Jul 03, 2024)
The POWERSHARES ZACKS MID-CAP PORTFOLIO ETF price gained 0.596% on the last trading day (Wednesday, 3rd Jul 2024), rising from $96.53 to $97.10. During the last trading day the ETF fluctuated 0.239% from a day low at $96.91 to a day high of $97.14. The price has been going up and down for this period, and there has been a -1% loss for the last 2 weeks. Volume fell on the last day by -56 shares and in total, 716 shares were bought and sold for approximately $69.52 thousand. 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 horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect POWERSHARES ZACKS MID-CAP PORTFOLIO ETF with a 90% probability to be traded between $94.90 and $100.43 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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CZA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 0.596%. 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. The POWERSHARES ZACKS MID-CAP PORTFOLIO ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $97.29 and $98.54. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, September 15, 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, September 15, 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.
Support, Risk & Stop-loss for POWERSHARES ZACKS MID-CAP PORTFOLIO ETF
POWERSHARES ZACKS MID-CAP PORTFOLIO finds support from accumulated volume at $97.09 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 $0.231 between high and low, or 0.239%. For the last week the ETF has had daily average volatility of 0.432%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CZA) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect POWERSHARES ZACKS MID-CAP PORTFOLIO POWERSHARES ZACKS MID-CAP PORTFOLIO to open at $97.05, and during the day (based on 14 day Average True Range), to move between $96.33 and $97.87, which gives a possible trading interval of +/-$0.775 (+/-0.80%) up or down from last closing price. If POWERSHARES ZACKS MID-CAP PORTFOLIO POWERSHARES ZACKS MID-CAP PORTFOLIO takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $97.09 (0.01%) than the resistance at $98.50 (1.44%), 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 ZACKS MID-CAP PORTFOLIO POWERSHARES ZACKS MID-CAP PORTFOLIO ETF A Buy?
POWERSHARES ZACKS MID-CAP PORTFOLIO holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.451 Sell Candidate Unchanged
Predicted Opening Price for POWERSHARES ZACKS MID-CAP PORTFOLIO POWERSHARES ZACKS MID-CAP PORTFOLIO of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $97.05 ( 0.0510%) | $97.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CZA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 97.28 | 0.187% |
| R2 | 97.19 | 0.0964% |
| R1 | 97.14 | 0.0401% |
| Price | 97.10 | |
| S1 | 96.96 | -0.142% |
| S2 | 96.91 | -0.198% |
| S3 | 96.82 | -0.289% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 99.34 | 2.31% |
| R2 | 98.69 | 1.64% |
| R1 | 98.50 | 1.44% |
| Price | 97.10 | |
| S1 | 97.09 | -0.0124% |
| S2 | 97.07 | -0.0309% |
| S3 | 95.12 | -2.04% |
CZA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $1.28 | 1.39% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $1.52 | 1.71% |
| 3 | Dec 17, 2021 | Dec 20, 2021 | Dec 31, 2021 | $0.85 | 0.89% |
| 4 | Jan 24, 2020 | Dec 21, 2020 | Dec 31, 2020 | $1.08 | 1.42% |
| 5 | Jan 18, 2019 | Dec 23, 2019 | Dec 31, 2019 | $1.07 | 1.40% |
FAQ
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