POWERSHARES CHINA SMALL CAP PORTFOLIO Stock Forecast
Volatile ride for POWERSHARES CHINA SMALL CAP PORTFOLIO stock price on Tuesday moving between $5.20 and $5.84
(Updated on Jun 25, 2024)
The POWERSHARES CHINA SMALL CAP PORTFOLIO stock price fell by -5.68% on the last day (Tuesday, 25th Jun 2024) from $5.81 to $5.48. During the last trading day the stock fluctuated 12.31% from a day low at $5.20 to a day high of $5.84. The price has been going up and down for this period, and there has been a -19.17% loss for the last 2 weeks. Volume has increased on the last day by 78 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, 608 thousand shares were bought and sold for approximately $3.33 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.70 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.89% during the next 3 months and, with a 90% probability hold a price between $5.59 and $11.67 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HAO Signals & Forecast
There are few to no technical positive signals at the moment. The POWERSHARES CHINA SMALL CAP PORTFOLIO stock 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 $5.55 and $6.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -11.90%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for POWERSHARES CHINA SMALL CAP PORTFOLIO stock
POWERSHARES CHINA SMALL CAP PORTFOLIO finds support from accumulated volume at $5.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.640 between high and low, or 12.31%. For the last week, the stock has had daily average volatility of 27.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect POWERSHARES CHINA SMALL CAP PORTFOLIO POWERSHARES CHINA SMALL CAP PORTFOLIO to open at $5.51, and during the day (based on 14 day Average True Range), to move between $4.45 and $6.51, which gives a possible trading interval of +/-$1.03 (+/-18.87%) up or down from last closing price. If POWERSHARES CHINA SMALL CAP PORTFOLIO POWERSHARES CHINA SMALL CAP PORTFOLIO takes out the full calculated possible swing range there will be an estimated 37.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.41 (1.28%) than the resistance at $5.60 (2.19%), 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 CHINA SMALL CAP PORTFOLIO POWERSHARES CHINA SMALL CAP PORTFOLIO stock A Buy?
The POWERSHARES CHINA SMALL CAP PORTFOLIO stock holds several negative signals and despite the positive trend, we believe POWERSHARES CHINA SMALL CAP PORTFOLIO will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.034 Sell Candidate Unchanged
Predicted Opening Price for POWERSHARES CHINA SMALL CAP PORTFOLIO POWERSHARES CHINA SMALL CAP PORTFOLIO of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $5.51 ( 0.487%) | $5.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.15 | 12.17% |
| R2 | 5.90 | 7.70% |
| R1 | 5.75 | 4.95% |
| Price | 5.48 | |
| S1 | 5.26 | -3.97% |
| S2 | 5.11 | -6.73% |
| S3 | 4.87 | -11.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.78 | 23.72% |
| R2 | 6.22 | 13.50% |
| R1 | 5.60 | 2.19% |
| Price | 5.48 | |
| S1 | 5.41 | -1.28% |
| S2 | 4.83 | -11.86% |
| S3 | 4.60 | -16.06% |
HAO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 12, 2020 | Feb 12, 2020 | Feb 12, 2020 | $0.0090 | 0.0358% |
| 2 | Dec 23, 2019 | Dec 23, 2019 | Dec 23, 2019 | $0.693 | 2.81% |
| 3 | Dec 24, 2018 | Dec 24, 2018 | Dec 24, 2018 | $1.20 | 5.43% |
| 4 | Dec 26, 2017 | Dec 26, 2017 | Dec 26, 2017 | $1.05 | 3.62% |
| 5 | Dec 23, 2016 | Dec 23, 2016 | Dec 23, 2016 | $0.755 | 3.47% |
FAQ
Click here for our free guide on how to buy POWERSHARES CHINA SMALL CAP PORTFOLIO POWERSHARES CHINA SMALL CAP PORTFOLIO Stock.
