POWERSHARES S&P INTERNATIONAL DEVELOPED ETF Forecast
Red day on Tuesday for POWERSHARES S&P INTERNATIONAL DEVELOPED ETF after losing 0.218%
(Updated on Jun 25, 2024)
The POWERSHARES S&P INTERNATIONAL DEVELOPED ETF price fell by -0.218% on the last day (Tuesday, 25th Jun 2024) from $27.46 to $27.40. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.504% from a day low at $27.30 to a day high of $27.43. The price has fallen in 7 of the last 10 days and is down by -1.86% for this period. Volume has increased on the last day by 8 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, 22 thousand shares were bought and sold for approximately $599.76 thousand.
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 S&P INTERNATIONAL DEVELOPED ETF with a 90% probability to be traded between $27.32 and $28.87 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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IDLV 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 $27.51 and $27.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -3.66%. 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). POWERSHARES S&P INTERNATIONAL DEVELOPED 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".
Support, Risk & Stop-loss for POWERSHARES S&P INTERNATIONAL DEVELOPED ETF
POWERSHARES S&P INTERNATIONAL DEVELOPED finds support from accumulated volume at $27.36 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.137 between high and low, or 0.504%. For the last week the ETF has had daily average volatility of 0.570%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IDLV) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect POWERSHARES S&P INTERNATIONAL DEVELOPED LOW VOLATILITY PORTFOLIO to open at $27.38, and during the day (based on 14 day Average True Range), to move between $27.17 and $27.63, which gives a possible trading interval of +/-$0.230 (+/-0.84%) up or down from last closing price. If POWERSHARES S&P INTERNATIONAL DEVELOPED LOW VOLATILITY PORTFOLIO takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.36 (0.15%) than the resistance at $27.52 (0.44%), 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 S&P INTERNATIONAL DEVELOPED LOW VOLATILITY PORTFOLIO ETF A Buy?
POWERSHARES S&P INTERNATIONAL DEVELOPED 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: -1.684 Sell Candidate Unchanged
Predicted Opening Price for POWERSHARES S&P INTERNATIONAL DEVELOPED LOW VOLATILITY PORTFOLIO of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $27.38 ( 0.0833%) | $27.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDLV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.51 | 0.418% |
| R2 | 27.46 | 0.227% |
| R1 | 27.43 | 0.108% |
| Price | 27.40 | |
| S1 | 27.32 | -0.275% |
| S2 | 27.29 | -0.393% |
| S3 | 27.24 | -0.585% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.98 | 2.12% |
| R2 | 27.67 | 0.98% |
| R1 | 27.52 | 0.438% |
| Price | 27.40 | |
| S1 | 27.36 | -0.146% |
| S2 | 27.28 | -0.438% |
| S3 | 27.03 | -1.35% |
IDLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.205 | 0.731% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.193 | 0.705% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.228 | 0.86% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.275 | 1.01% |
| 5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.316 | 1.18% |
FAQ
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