POWERSHARES S&P INTERNATIONAL DEVELOPED ETF Forecast
Red day on Friday for POWERSHARES S&P INTERNATIONAL DEVELOPED
(Updated on Jun 21, 2024)
The POWERSHARES S&P INTERNATIONAL DEVELOPED ETF price fell by -0.393% on the last day (Friday, 21st Jun 2024) from $40.75 to $40.59. During the last trading day the ETF fluctuated 0.789% from a day low at $40.41 to a day high of $40.73. The price has fallen in 7 of the last 10 days and is down by -2.92% 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 -3 thousand shares and in total, 45 thousand shares were bought and sold for approximately $1.83 million.
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 $39.42 and $41.80 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IDMO 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 $40.91 and $41.11. 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 -2.92%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for POWERSHARES S&P INTERNATIONAL DEVELOPED ETF
POWERSHARES S&P INTERNATIONAL DEVELOPED finds support from accumulated volume at $40.29 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 $0.319 between high and low, or 0.789%. For the last week the ETF has had daily average volatility of 0.686%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IDMO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect POWERSHARES S&P INTERNATIONAL DEVELOPED MOMENTUM PORTFOLIO to open at $40.58, and during the day (based on 14 day Average True Range), to move between $40.18 and $41.00, which gives a possible trading interval of +/-$0.414 (+/-1.02%) up or down from last closing price. If POWERSHARES S&P INTERNATIONAL DEVELOPED MOMENTUM PORTFOLIO takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.29 (0.74%) than the resistance at $41.37 (1.92%), 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 MOMENTUM 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: -4.372 Sell Candidate Unchanged
Predicted Opening Price for POWERSHARES S&P INTERNATIONAL DEVELOPED MOMENTUM PORTFOLIO of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $40.58 ( 0.0319%) | $40.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDMO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.90 | 0.754% |
| R2 | 40.77 | 0.454% |
| R1 | 40.70 | 0.268% |
| Price | 40.59 | |
| S1 | 40.46 | -0.332% |
| S2 | 40.38 | -0.517% |
| S3 | 40.26 | -0.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.92 | 3.28% |
| R2 | 41.54 | 2.34% |
| R1 | 41.37 | 1.92% |
| Price | 40.59 | |
| S1 | 40.29 | -0.739% |
| S2 | 39.92 | -1.65% |
| S3 | 39.90 | -1.70% |
IDMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.303 | 0.721% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.128 | 0.357% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.325 | 0.96% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.207 | 0.638% |
| 5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.404 | 1.30% |
FAQ
Click here for our free guide on how to buy POWERSHARES S&P INTERNATIONAL DEVELOPED MOMENTUM PORTFOLIO ETF.
