PowerShares FTSE RAFI US 1500 Small-Mid ETF Forecast
Stronger technical forecast for PowerShares FTSE RAFI US 1500 Small-Mid ETF price after Wednesday trading.
(Updated on May 01, 2024)
The PowerShares FTSE RAFI US 1500 Small-Mid ETF price gained 0.352% on the last trading day (Wednesday, 1st May 2024), rising from $36.91 to $37.04. During the last trading day the ETF fluctuated 2.25% from a day low at $36.92 to a day high of $37.75. The price has risen in 7 of the last 10 days and is up by 2.38% 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, 24 thousand more shares were traded than the day before. In total, 90 thousand shares were bought and sold for approximately $3.32 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PowerShares FTSE RAFI US 1500 Small-Mid ETF with a 90% probability to be traded between $36.43 and $39.60 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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PRFZ Signals & Forecast
The PowerShares FTSE RAFI US 1500 Small-Mid ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $37.28 and $37.76. 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 Wednesday, April 17, 2024, and so far it has risen 2.38%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for PowerShares FTSE RAFI US 1500 Small-Mid ETF
PowerShares FTSE RAFI US 1500 Small-Mid finds support from accumulated volume at $37.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.83 (2.25%) between high and low. For the last week, the ETF has had daily average volatility of 1.17%.
Our recommended stop-loss: $34.93 (-5.70%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (PRFZ) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect PowerShares FTSE RAFI US 1500 Small-Mid Portfolio to open at $37.24, and during the day (based on 14 day Average True Range), to move between $36.45 and $37.63, which gives a possible trading interval of +/-$0.586 (+/-1.58%) up or down from last closing price. If PowerShares FTSE RAFI US 1500 Small-Mid Portfolio takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.03 (0.03%) than the resistance at $37.49 (1.21%), 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 FTSE RAFI US 1500 Small-Mid 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: 1.085 Buy Candidate Upgraded
Predicted Opening Price for PowerShares FTSE RAFI US 1500 Small-Mid Portfolio of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $37.24 ( 0.531%) | $37.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRFZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.07 | 2.77 % | |
| R2 | 37.75 | 1.92 % | ||
| R1 | 37.55 | 1.39 % | ||
| Current price: | 37.04 | |||
| Support | S1 | 36.92 | -0.325 % | |
| S2 | 36.72 | -0.85 % | ||
| S3 | 36.41 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.21 | 3.16 % | |
| R2 | 37.91 | 2.35 % | ||
| R1 | 37.49 | 1.21 % | ||
| Current price | 37.04 | |||
| Support | S1 | 37.03 | -0.0270% | |
| S2 | 36.48 | -1.51% | ||
| S3 | 36.21 | -2.24% |
PRFZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0861 | 0.225% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.120 | 0.320% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.143 | 0.437% |
| 4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.150 | 0.455% |
| 5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.601 | 1.90% |
FAQ
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