POWERSHARES S&P INTERNATIONAL DEVELOPED ETF Forecast
POWERSHARES S&P INTERNATIONAL DEVELOPED ETF upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 27, 2024)
The POWERSHARES S&P INTERNATIONAL DEVELOPED ETF price gained 0.513% on the last trading day (Thursday, 27th Jun 2024), rising from $40.90 to $41.11. During the last trading day the ETF fluctuated 0.691% from a day low at $40.94 to a day high of $41.22. The price has fallen in 6 of the last 10 days and is down by -1.6% for this period. Volume fell on the last day by -15 thousand shares and in total, 33 thousand shares were bought and sold for approximately $1.35 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $40.12 and $42.30 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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IDMO Signals & Forecast
There are few to no technical positive signals at the moment. The POWERSHARES S&P INTERNATIONAL DEVELOPED ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $41.14. On a fall, the ETF will find some support from the short-term average at $40.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.67%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Tuesday, May 14, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, May 14, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
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 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 $0.283 between high and low, or 0.691%. For the last week the ETF has had daily average volatility of 0.684%
Our recommended stop-loss: $39.23 (-4.56%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (IDMO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect POWERSHARES S&P INTERNATIONAL DEVELOPED MOMENTUM PORTFOLIO to open at $41.09, and during the day (based on 14 day Average True Range), to move between $40.70 and $41.52, which gives a possible trading interval of +/-$0.409 (+/-0.99%) 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 1.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.37 (0.63%) than the support at $40.29 (1.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is POWERSHARES S&P INTERNATIONAL DEVELOPED MOMENTUM PORTFOLIO ETF A Buy?
POWERSHARES S&P INTERNATIONAL DEVELOPED holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.932 Hold/Accumulate Upgraded
Predicted Opening Price for POWERSHARES S&P INTERNATIONAL DEVELOPED MOMENTUM PORTFOLIO of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $41.09 ( 0.0461%) | $41.11 |
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 | 41.37 | 0.643% |
| R2 | 41.27 | 0.379% |
| R1 | 41.20 | 0.217% |
| Price | 41.11 | |
| S1 | 40.98 | -0.309% |
| S2 | 40.92 | -0.472% |
| S3 | 40.81 | -0.735% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.78 | 1.63% |
| R2 | 41.54 | 1.05% |
| R1 | 41.37 | 0.632% |
| Price | 41.11 | |
| S1 | 40.29 | -1.99% |
| S2 | 39.92 | -2.89% |
| S3 | 39.90 | -2.94% |
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
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