POWERSHARES FTSE RAFI ASIA PACIFIC Stock Forecast
Weaker technical forecast for POWERSHARES FTSE RAFI ASIA PACIFIC as stock downgraded to Hold/Accumulate.
(Updated on Jun 19, 2024)
No changes to the price of POWERSHARES FTSE RAFI ASIA PACIFIC stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £26.20 to a day high of £26.20. The price has risen in 6 of the last 10 days and is up by 9.62% over the past 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.09% during the next 3 months and, with a 90% probability hold a price between £27.79 and £32.31 at the end of this 3-month period.
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PAF.L Signals & Forecast
The POWERSHARES FTSE RAFI ASIA PACIFIC stock 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 £25.06 and £24.95. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 18, 2024, and so far it has fallen 0%. 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 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for POWERSHARES FTSE RAFI ASIA PACIFIC stock
On the downside, the stock finds support just below today's level from accumulated volume at £24.30 and £22.05. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, POWERSHARES FTSE RAFI ASIA PACIFIC finds support just below today's level at £24.30. If this is broken, then the next support from accumulated volume will be at £22.05 and £20.80.
In general the stock 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 stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.05%
Our recommended stop-loss: £25.21 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (PAF.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO to open at £26.20, and during the day (based on 14 day Average True Range), to move between £25.27 and £27.13, which gives a possible trading interval of +/-£0.93 (+/-3.56%) up or down from last closing price. If POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO takes out the full calculated possible swing range there will be an estimated 7.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £26.25 (0.19%) than the support at £24.30 (7.25%), 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 FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO stock A Buy?
POWERSHARES FTSE RAFI ASIA PACIFIC 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 stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.634 Hold/Accumulate Downgraded
Predicted Opening Price for POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £26.20 ( 0%) | £26.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAF.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.20 | - |
| R2 | 26.20 | - |
| R1 | 26.20 | - |
| Price | 26.20 | |
| S1 | 26.20 | - |
| S2 | 26.20 | - |
| S3 | 26.20 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 26.30 | 0.382% |
| R1 | 26.25 | 0.191% |
| Price | 26.20 | |
| S1 | 24.30 | -7.25% |
| S2 | 22.05 | -15.84% |
| S3 | 20.80 | -20.61% |
PAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Dec 12, 2023 | £0.762 | 4.98% |
| 2 | Sep 14, 2022 | Dec 01, 2022 | Dec 13, 2022 | £0.87 | 5.04% |
| 3 | Sep 15, 2021 | Dec 02, 2021 | Dec 14, 2021 | £0.85 | 5.31% |
| 4 | Sep 16, 2020 | Dec 03, 2020 | Dec 15, 2020 | £0.689 | 3.13% |
| 5 | Sep 18, 2019 | Dec 12, 2019 | Dec 30, 2019 | £0.117 | 1.02% |
FAQ
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