POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO ETF Forecast
Evaluation of POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)
The POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO ETF price fell by -0.673% on the last day (Tuesday, 25th Jun 2024) from $43.10 to $42.81. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.83% from a day low at $42.71 to a day high of $43.06. The price has been going up and down for this period, and there has been a 0.87% gain for the last 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 37 thousand shares were bought and sold for approximately $1.57 million.
The ETF lies in the middle of a narrow and 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 3.77% during the next 3 months and, with a 90% probability hold a price between $43.23 and $44.94 at the end of this 3-month period.
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PFM Signals & Forecast
The POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO 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 $43.03. On a fall, the ETF will find some support from the long-term average at approximately $42.52. 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 Thursday, June 20, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO ETF
POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO finds support from accumulated volume at $42.68 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 $0.355 between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 0.525%.
Our recommended stop-loss: $41.45 (-3.19%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (PFM) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO to open at $42.86, and during the day (based on 14 day Average True Range), to move between $42.51 and $43.11, which gives a possible trading interval of +/-$0.302 (+/-0.70%) up or down from last closing price. If POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.85 (0.10%) than the support at $42.68 (0.31%), 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 DIVIDEND ACHIEVERS PORTFOLIO ETF A Buy?
POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO 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: 0.726 Hold/Accumulate Downgraded
Predicted Opening Price for POWERSHARES DIVIDEND ACHIEVERS PORTFOLIO of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $42.86 ( 0.113%) | $42.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.21 | 0.94% |
| R2 | 43.08 | 0.625% |
| R1 | 42.99 | 0.430% |
| Price | 42.81 | |
| S1 | 42.72 | -0.204% |
| S2 | 42.64 | -0.399% |
| S3 | 42.50 | -0.716% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.23 | 0.98% |
| R2 | 43.18 | 0.87% |
| R1 | 42.85 | 0.0988% |
| Price | 42.81 | |
| S1 | 42.68 | -0.314% |
| S2 | 42.44 | -0.86% |
| S3 | 40.51 | -5.37% |
PFM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.180 | 0.427% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.205 | 0.518% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.181 | 0.489% |
| 4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.175 | 0.469% |
| 5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.180 | 0.508% |
FAQ
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