PowerShares DB Optimum Yield Diversified ETF Forecast
PowerShares DB Optimum Yield Diversified ETF price up 0.144% on Thursday
(Updated on May 02, 2024)
The PowerShares DB Optimum Yield Diversified ETF price gained 0.144% on the last trading day (Thursday, 2nd May 2024), rising from $13.89 to $13.91. During the last trading day the ETF fluctuated 1.01% from a day low at $13.83 to a day high of $13.97. The price has risen in 5 of the last 10 days but is still down by -1.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately $190.64 million.
Given the current short-term trend, the ETF is expected to rise 9.19% during the next 3 months and, with a 90% probability hold a price between $15.19 and $16.09 at the end of this 3-month period.
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PDBC Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PowerShares DB Optimum Yield Diversified ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $14.14 and $14.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -3.20%. 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).
Support, Risk & Stop-loss for PowerShares DB Optimum Yield Diversified ETF
PowerShares DB Optimum Yield Diversified finds support from accumulated volume at $13.89 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 $0.140 between high and low, or 1.01%. For the last week the ETF has had daily average volatility of 1.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PDBC) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect PowerShares DB Optimum Yield Diversified Commodity Strategy Po to open at $13.90, and during the day (based on 14 day Average True Range), to move between $13.75 and $14.07, which gives a possible trading interval of +/-$0.158 (+/-1.13%) up or down from last closing price. If PowerShares DB Optimum Yield Diversified Commodity Strategy Po takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.89 (0.14%) than the resistance at $14.29 (2.73%), 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 DB Optimum Yield Diversified Commodity Strategy Po ETF A Buy?
The PowerShares DB Optimum Yield Diversified ETF holds several negative signals and despite the positive trend, we believe PowerShares DB Optimum Yield Diversified will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.881 Sell Candidate Unchanged
Predicted Opening Price for PowerShares DB Optimum Yield Diversified Commodity Strategy Po of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $13.90 ( 0.0479%) | $13.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDBC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.04 | 0.96 % | |
| R2 | 13.99 | 0.574 % | ||
| R1 | 13.96 | 0.337 % | ||
| Current price: | 13.91 | |||
| Support | S1 | 13.85 | -0.432 % | |
| S2 | 13.82 | -0.670 % | ||
| S3 | 13.76 | -1.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.37 | 3.31 % | |
| R2 | 14.33 | 3.02 % | ||
| R1 | 14.29 | 2.73 % | ||
| Current price | 13.91 | |||
| Support | S1 | 13.89 | -0.144% | |
| S2 | 13.39 | -3.74% | ||
| S3 | 13.31 | -4.31% |
PDBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.560 | 4.18% |
| 2 | Dec 16, 2022 | Dec 19, 2022 | Dec 23, 2022 | $1.93 | 13.13% |
| 3 | Dec 20, 2021 | Dec 20, 2021 | Dec 31, 2021 | $1.76 | 12.50% |
| 4 | Dec 02, 2021 | Dec 03, 2021 | Dec 10, 2021 | $5.39 | 34.71% |
| 5 | Dec 18, 2020 | Dec 21, 2020 | Dec 31, 2020 | $0.0010 | 0.0066% |
FAQ
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