POWERSHARES S&P INTERNATIONAL DEVELOPED 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 S&P INTERNATIONAL DEVELOPED ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The POWERSHARES S&P INTERNATIONAL DEVELOPED ETF price fell by -0.328% on the last day (Friday, 28th Jun 2024) from $30.52 to $30.42. During the last trading day the ETF fluctuated 0.94% from a day low at $30.24 to a day high of $30.52. The price has fallen in 6 of the last 10 days and is down by -1.39% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -38 thousand shares and in total, 44 thousand shares were bought and sold for approximately $1.34 million.
The ETF lies in the middle of a weak 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 4.51% during the next 3 months and, with a 90% probability hold a price between $31.43 and $33.16 at the end of this 3-month period.
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IDHQ Signals & Forecast
There are few to no technical positive signals at the moment. The POWERSHARES S&P INTERNATIONAL DEVELOPED 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 $30.62 and $30.81. 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 06, 2024, and so far it has fallen -3.11%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for POWERSHARES S&P INTERNATIONAL DEVELOPED ETF
POWERSHARES S&P INTERNATIONAL DEVELOPED finds support from accumulated volume at $30.39 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 $0.284 between high and low, or 0.94%. For the last week the ETF has had daily average volatility of 1.38%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IDHQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect POWERSHARES S&P INTERNATIONAL DEVELOPED QUALITY PORTFOLIO to open at $30.39, and during the day (based on 14 day Average True Range), to move between $30.02 and $30.82, which gives a possible trading interval of +/-$0.400 (+/-1.32%) up or down from last closing price. If POWERSHARES S&P INTERNATIONAL DEVELOPED QUALITY PORTFOLIO takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.39 (0.10%) than the resistance at $30.54 (0.39%), 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 S&P INTERNATIONAL DEVELOPED QUALITY PORTFOLIO ETF A Buy?
The POWERSHARES S&P INTERNATIONAL DEVELOPED ETF holds several negative signals and despite the positive trend, we believe POWERSHARES S&P INTERNATIONAL DEVELOPED will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.362 Sell Candidate Downgraded
Predicted Opening Price for POWERSHARES S&P INTERNATIONAL DEVELOPED QUALITY PORTFOLIO of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $30.39 ( 0.0920%) | $30.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDHQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.68 | 0.84% |
| R2 | 30.57 | 0.485% |
| R1 | 30.50 | 0.264% |
| Price | 30.42 | |
| S1 | 30.28 | -0.448% |
| S2 | 30.22 | -0.669% |
| S3 | 30.11 | -1.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.40 | 3.21% |
| R2 | 31.22 | 2.63% |
| R1 | 30.54 | 0.394% |
| Price | 30.42 | |
| S1 | 30.39 | -0.0986% |
| S2 | 30.14 | -0.92% |
| S3 | 29.55 | -2.86% |
IDHQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.219 | 0.720% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0940 | 0.336% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.172 | 0.660% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.185 | 0.697% |
| 5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.270 | 1.07% |
FAQ
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