POWERSHARES BUYBACK ACHIEVERS PORTFOLIO ETF Forecast
Green day on Friday for POWERSHARES BUYBACK ACHIEVERS PORTFOLIO
(Updated on Jun 28, 2024)
The POWERSHARES BUYBACK ACHIEVERS PORTFOLIO ETF price gained 0.0674% on the last trading day (Friday, 28th Jun 2024), rising from $103.83 to $103.90. During the last trading day the ETF fluctuated 1.13% from a day low at $103.43 to a day high of $104.60. The price has risen in 7 of the last 10 days and is up by 0.7% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 13 thousand shares were bought and sold for approximately $1.32 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 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 BUYBACK ACHIEVERS PORTFOLIO ETF with a 90% probability to be traded between $99.20 and $103.50 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PKW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.55%. Further rise is indicated until a new top pivot has been found. 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. The POWERSHARES BUYBACK ACHIEVERS PORTFOLIO 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 $104.18 and $104.06. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Tuesday, June 18, 2024 in the short-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
The ETF had a Golden Star Signal on Tuesday, June 18, 2024 in the short-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 BUYBACK ACHIEVERS PORTFOLIO ETF
POWERSHARES BUYBACK ACHIEVERS PORTFOLIO finds support from accumulated volume at $103.83 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 $1.17 between high and low, or 1.13%. For the last week the ETF has had daily average volatility of 0.82%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PKW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect POWERSHARES BUYBACK ACHIEVERS PORTFOLIO to open at $103.98, and during the day (based on 14 day Average True Range), to move between $103.02 and $104.78, which gives a possible trading interval of +/-$0.88 (+/-0.85%) up or down from last closing price. If POWERSHARES BUYBACK ACHIEVERS PORTFOLIO takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $103.83 (0.07%) than the resistance at $104.80 (0.87%), 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 BUYBACK ACHIEVERS PORTFOLIO ETF A Buy?
POWERSHARES BUYBACK ACHIEVERS PORTFOLIO holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.858 Sell Candidate Unchanged
Predicted Opening Price for POWERSHARES BUYBACK ACHIEVERS PORTFOLIO of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $103.98 ( 0.0735%) | $103.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 105.15 | 1.20% |
| R2 | 104.70 | 0.769% |
| R1 | 104.42 | 0.503% |
| Price | 103.90 | |
| S1 | 103.53 | -0.356% |
| S2 | 103.25 | -0.622% |
| S3 | 102.81 | -1.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.47 | 3.44% |
| R2 | 105.19 | 1.24% |
| R1 | 104.80 | 0.87% |
| Price | 103.90 | |
| S1 | 103.83 | -0.0674% |
| S2 | 101.89 | -1.93% |
| S3 | 101.80 | -2.02% |
PKW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.310 | 0.291% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.381 | 0.385% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.223 | 0.247% |
| 4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.262 | 0.304% |
| 5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.296 | 0.364% |
FAQ
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