POWERSHARES HIGH YIELD EQUITY DIVIDEND ETF Forecast

$19.88
+0.0400 (+0.202%)
At Close: May 24, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Stronger technical forecast for POWERSHARES HIGH YIELD EQUITY DIVIDEND ETF price after Friday trading.
(Updated on May 24, 2024)

Buy or Hold candidate since May 02, 2024 Loss -0.90% PDF

The POWERSHARES HIGH YIELD EQUITY DIVIDEND ETF price gained 0.202% on the last trading day (Friday, 24th May 2024), rising from $19.84 to $19.88. During the last trading day the ETF fluctuated 0.799% from a day low at $19.82 to a day high of $19.97. The price has risen in 5 of the last 10 days but is still down by -2.93% for this period. Volume fell on the last day by -35 thousand shares and in total, 185 thousand shares were bought and sold for approximately $3.68 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 lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.44% during the next 3 months and, with a 90% probability hold a price between $20.00 and $21.48 at the end of this 3-month period.

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PEY Signals & Forecast

The POWERSHARES HIGH YIELD EQUITY DIVIDEND 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 $20.31 and $20.10. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 0.202%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Tuesday, March 05, 2024 in the long-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.

Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Tuesday, March 05, 2024 in the long-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.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, May 17, 2024 and based on theory for this formation the price should fall by -5.51% to $18.78 within 35 trading days since signal was issued (Tuesday, May 28, 2024).

Support, Risk & Stop-loss for POWERSHARES HIGH YIELD EQUITY DIVIDEND ETF

POWERSHARES HIGH YIELD EQUITY DIVIDEND finds support from accumulated volume at $19.81 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 $0.158 between high and low, or 0.799%. For the last week the ETF has had daily average volatility of 1.09%.

Our recommended stop-loss: $18.75 (-5.66%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (PEY) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO to open at $19.89, and during the day (based on 14 day Average True Range), to move between $19.66 and $20.10, which gives a possible trading interval of +/-$0.224 (+/-1.13%) up or down from last closing price. If POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.93 (0.25%) than the support at $19.81 (0.35%), 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 HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.367 Buy Candidate Upgraded

Predicted Opening Price for POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO of Tuesday, May 28, 2024

Fair opening price May 28, 2024 Current price
$19.89 ( 0.0475%) $19.88

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PEY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 20.05 0.84 %
R2 19.99 0.540 %
R1 19.95 0.352 %
Current price: 19.88
Support S1 19.83 -0.257 %
S2 19.79 -0.445 %
S3 19.73 -0.749 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 20.15 1.36 %
R2 19.99 0.553 %
R1 19.93 0.252 %
Current price 19.88
Support S1 19.81 -0.352%
S2 19.72 -0.80%
S3 19.47 -2.06%

PEY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 20, 2024 May 20, 2024 May 24, 2024 $0.0757 0.380%
2 Apr 22, 2024 Apr 22, 2024 Apr 26, 2024 $0.0701 0.351%
3 Mar 18, 2024 Mar 18, 2024 Mar 22, 2024 $0.0770 0.384%
4 Feb 20, 2024 Feb 20, 2024 Feb 23, 2024 $0.0806 0.408%
5 Jan 22, 2024 Jan 22, 2024 Jan 26, 2024 $0.0843 0.410%

FAQ

What is the symbol for POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF and on which exchange is it traded?
The symbol for POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO is PEY and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF?
POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF.

What's the current price of POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF?
As of the end of day on the May 24, 2024, the price of an POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO (PEY) share was $19.88.

What is the 52-week high and low for POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF?
The 52-week high for POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF is $21.50 and the 52-week low is $17.94.

What is the market capitalization of POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO ETF?
As of the May 24, 2024, the market capitalization of POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO is 922.432M.
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About POWERSHARES HIGH YIELD EQUITY DIVIDEND ACHIEVERS PORTFOLIO

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. includes common stocks in the underlying index that have a consistent record of dividend increases, principally on the basis of dividend yield and consistent growth in dividends.... PEY Profile

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