PPTY – U.S. Diversified Real Estate ETF Forecast
Green day on Monday for PPTY – U.S. Diversified Real Estate
(Updated on Jun 24, 2024)
The PPTY – U.S. Diversified Real Estate ETF price gained 0.97% on the last trading day (Monday, 24th Jun 2024), rising from $29.86 to $30.15. During the last trading day the ETF fluctuated 1.40% from a day low at $29.95 to a day high of $30.37. The price has risen in 7 of the last 10 days and is up by 2.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 150 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $93.31 thousand.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $30.37 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect PPTY – U.S. Diversified Real Estate ETF with a 90% probability to be traded between $28.91 and $30.96 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PPTY Signals & Forecast
Mostly positive signals in the chart today. The PPTY – U.S. Diversified Real Estate ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $29.89 and $29.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 5.35%. 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). PPTY – U.S. Diversified Real Estate has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, June 03, 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 Monday, June 03, 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 PPTY – U.S. Diversified Real Estate ETF
PPTY – U.S. Diversified Real Estate finds support from accumulated volume at $29.78 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 $0.420 between high and low, or 1.40%. For the last week the ETF has had daily average volatility of 0.693%.
Our recommended stop-loss: $28.64 (-5.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (PPTY) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect PPTY – U.S. Diversified Real Estate ETF to open at $30.16, and during the day (based on 14 day Average True Range), to move between $29.87 and $30.43, which gives a possible trading interval of +/-$0.280 (+/-0.93%) up or down from last closing price. If PPTY – U.S. Diversified Real Estate ETF takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.28 (0.43%) than the support at $29.78 (1.23%), 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 PPTY – U.S. Diversified Real Estate ETF 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 PPTY – U.S. Diversified Real Estate ETF to perform well in the short-term period.
Current score: 2.289 Buy Candidate Unchanged
Predicted Opening Price for PPTY – U.S. Diversified Real Estate ETF of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $30.16 ( 0.0220%) | $30.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPTY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.58 | 1.41% |
| R2 | 30.42 | 0.88% |
| R1 | 30.32 | 0.554% |
| Price | 30.15 | |
| S1 | 30.00 | -0.510% |
| S2 | 29.90 | -0.84% |
| S3 | 29.74 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 30.33 | 0.592% |
| R1 | 30.28 | 0.431% |
| Price | 30.15 | |
| S1 | 29.78 | -1.23% |
| S2 | 29.02 | -3.74% |
| S3 | 28.62 | -5.07% |
PPTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 16, 2024 | Apr 18, 2024 | $0.241 | 0.86% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.291 | 0.97% |
| 3 | Jan 09, 2023 | Oct 17, 2023 | Oct 19, 2023 | $0.303 | 1.18% |
| 4 | Jan 09, 2023 | Jul 11, 2023 | Jul 13, 2023 | $0.298 | 1.00% |
| 5 | Jan 09, 2023 | Apr 11, 2023 | Apr 13, 2023 | $0.341 | 1.25% |
FAQ
Click here for our free guide on how to buy PPTY – U.S. Diversified Real Estate ETF ETF.
