POWERSHARES FUNDAMENTAL INVESTMENT GRADE ETF Forecast
POWERSHARES FUNDAMENTAL INVESTMENT GRADE ETF price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of POWERSHARES FUNDAMENTAL INVESTMENT GRADE ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0.490% from a day low at $23.31 to a day high of $23.42. The price has risen in 5 of the last 10 days but is still down by -0.55% for this period.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect POWERSHARES FUNDAMENTAL INVESTMENT GRADE ETF with a 90% probability to be traded between $23.46 and $23.78 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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PFIG Signals & Forecast
The POWERSHARES FUNDAMENTAL INVESTMENT GRADE ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $23.40. On a fall, the ETF will find some support from the long-term average at approximately $23.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 14, 2024, and so far it has fallen -0.581%. 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". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, June 04, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, June 04, 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.
Support, Risk & Stop-loss for POWERSHARES FUNDAMENTAL INVESTMENT GRADE ETF
POWERSHARES FUNDAMENTAL INVESTMENT GRADE finds support from accumulated volume at $23.32 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 $0.114 between high and low, or 0.490%. For the last week the ETF has had daily average volatility of 0.411%
Our recommended stop-loss: $22.43 (-3.96%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (PFIG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect POWERSHARES FUNDAMENTAL INVESTMENT GRADE CORPORATE BOND PORTFOLIO to open at $23.36, and during the day (based on 14 day Average True Range), to move between $23.26 and $23.46, which gives a possible trading interval of +/-$0.102 (+/-0.44%) up or down from last closing price. If POWERSHARES FUNDAMENTAL INVESTMENT GRADE CORPORATE BOND PORTFOLIO takes out the full calculated possible swing range there will be an estimated 0.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.39 (0.12%) than the support at $23.32 (0.17%), 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 FUNDAMENTAL INVESTMENT GRADE CORPORATE BOND PORTFOLIO ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for POWERSHARES FUNDAMENTAL INVESTMENT GRADE ETF to perform well in the short-term period.
Current score: 2.645 Buy Candidate Unchanged
Predicted Opening Price for POWERSHARES FUNDAMENTAL INVESTMENT GRADE CORPORATE BOND PORTFOLIO of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$23.36 ( 0.0084%) | $23.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFIG
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.48 | 0.497% |
R2 | 23.43 | 0.310% |
R1 | 23.41 | 0.195% |
Price | 23.36 | |
S1 | 23.32 | -0.178% |
S2 | 23.29 | -0.293% |
S3 | 23.25 | -0.480% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.47 | 0.471% |
R2 | 23.45 | 0.385% |
R1 | 23.39 | 0.122% |
Price | 23.36 | |
S1 | 23.32 | -0.171% |
S2 | 23.26 | -0.428% |
S3 | 23.13 | -0.98% |
PFIG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 10, 2024 | May 20, 2024 | May 24, 2024 | $0.0807 | 0.347% |
2 | Jan 10, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0739 | 0.321% |
3 | Jan 10, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0739 | 0.315% |
4 | Jan 10, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.0709 | 0.304% |
5 | Jan 10, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0735 | 0.313% |
FAQ
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