POWERSHARES KBW HIGH DIVIDEND YIELD ETF Forecast
POWERSHARES KBW HIGH DIVIDEND YIELD ETF downgraded to Hold/Accumulate
(Updated on May 07, 2024)
No changes to the price of POWERSHARES KBW HIGH DIVIDEND YIELD ETF on the last trading day (Tuesday, 7th May 2024). During the last trading day the ETF fluctuated 0.87% from a day low at $15.44 to a day high of $15.57. The price has risen in 6 of the last 10 days and is up by 2.05% over the past 2 weeks.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $15.65 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.37% during the next 3 months and, with a 90% probability hold a price between $14.99 and $16.02 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.
KBWD Signals & Forecast
The POWERSHARES KBW HIGH DIVIDEND YIELD ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.34 and $15.14. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for POWERSHARES KBW HIGH DIVIDEND YIELD ETF
POWERSHARES KBW HIGH DIVIDEND YIELD finds support from accumulated volume at $15.29 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 $0.134 between high and low, or 0.87%. For the last week the ETF has had daily average volatility of 1.20%
Our recommended stop-loss: $14.92 (-3.50%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (KBWD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect POWERSHARES KBW HIGH DIVIDEND YIELD FINANCIAL PORTFOLIO to open at $15.49, and during the day (based on 14 day Average True Range), to move between $15.23 and $15.69, which gives a possible trading interval of +/-$0.230 (+/-1.49%) up or down from last closing price. If POWERSHARES KBW HIGH DIVIDEND YIELD FINANCIAL PORTFOLIO takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.49 (0.19%) than the support at $15.29 (1.10%), 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 KBW HIGH DIVIDEND YIELD FINANCIAL PORTFOLIO ETF A Buy?
POWERSHARES KBW HIGH DIVIDEND YIELD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.377 Hold/Accumulate Downgraded
Predicted Opening Price for POWERSHARES KBW HIGH DIVIDEND YIELD FINANCIAL PORTFOLIO of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$15.49 ( 0.182%) | $15.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBWD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.62 | 1.05 % | |
R2 | 15.57 | 0.719 % | ||
R1 | 15.54 | 0.514 % | ||
Current price: | 15.46 | |||
Support | S1 | 15.44 | -0.150 % | |
S2 | 15.41 | -0.355 % | ||
S3 | 15.35 | -0.687 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 15.49 | 0.194 % | ||
Current price | 15.46 | |||
Support | S1 | 15.29 | -1.10% | |
S2 | 15.25 | -1.36% | ||
S3 | 14.76 | -4.53% |
KBWD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.150 | 0.97% |
2 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.146 | 0.97% |
3 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.143 | 0.96% |
4 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.143 | 0.90% |
5 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.140 | 0.88% |
FAQ
Click here for our free guide on how to buy POWERSHARES KBW HIGH DIVIDEND YIELD FINANCIAL PORTFOLIO ETF.