Powershares Global Funds Ireland Public ETF Forecast
Powershares Global Funds Ireland Public ETF price up 0.428% on Wednesday
(Updated on Jul 03, 2024)
The Powershares Global Funds Ireland Public ETF price gained 0.428% on the last trading day (Wednesday, 3rd Jul 2024), rising from £38,343.00 to £38,507.00. During the last trading day the ETF fluctuated 0.734% from a day low at £38,313.00 to a day high of £38,594.06. The price has risen in 6 of the last 10 days and is up by 0.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately £522.27 million.
The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 11.64% during the next 3 months and, with a 90% probability hold a price between £41,141.12 and £44,020.13 at the end of this 3-month period.
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EQQQ.L Signals & Forecast
Mostly positive signals in the chart today. The Powershares Global Funds Ireland Public 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 £38,240.14 and £36,875.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 14.09%. 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.
Support, Risk & Stop-loss for Powershares Global Funds Ireland Public ETF
Powershares Global Funds Ireland Public finds support from accumulated volume at £37,475.50 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 £281.06 between high and low, or 0.734%. For the last week, the ETF has had daily average volatility of 0.748%.
Our recommended stop-loss: £37,151.55 (-3.52%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 69 days ago.)
Trading Expectations (EQQQ.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Powershares Global Funds Ireland Public Limited Company - Powershares Eqqq Nasdaq-100 Ucits Etf to open at £38,471.35, and during the day (based on 14 day Average True Range), to move between £38,108.86 and £38,905.14, which gives a possible trading interval of +/-£398.14 (+/-1.03%) up or down from last closing price. If Powershares Global Funds Ireland Public Limited Company - Powershares Eqqq Nasdaq-100 Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £37,475.50, some £1,031.50 (2.68%) from the current price of £38,507.00, our system finds the risk reward attractive.
Is Powershares Global Funds Ireland Public Limited Company - Powershares Eqqq Nasdaq-100 Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Powershares Global Funds Ireland Public ETF to perform well in the short-term.
Current score: 3.909 Buy Candidate Unchanged
Predicted Opening Price for Powershares Global Funds Ireland Public Limited Company - Powershares Eqqq Nasdaq-100 Ucits Etf of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| £38,471.35 ( 0.0926%) | £38,507.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQQQ.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38,752.42 | 0.637% |
| R2 | 38,645.05 | 0.359% |
| R1 | 38,578.72 | 0.186% |
| Price | 38,507.00 | |
| S1 | 38,363.99 | -0.371% |
| S2 | 38,297.66 | -0.544% |
| S3 | 38,190.29 | -0.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 38,507.00 | |
| S1 | 37,475.50 | -2.68% |
| S2 | 37,151.00 | -3.52% |
| S3 | 35,713.00 | -7.26% |
EQQQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 21, 2024 | £54.80 | 0.154% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 21, 2023 | £0.353 | 0.0011% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Sep 21, 2023 | £30.88 | 0.105% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 22, 2023 | £30.18 | 0.105% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 23, 2023 | £31.00 | 0.122% |
FAQ
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