PowerShares S&P SmallCap Consumer ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for PowerShares S&P SmallCap Consumer ETF price after Thursday trading.
(Updated on May 02, 2024)
The PowerShares S&P SmallCap Consumer ETF price gained 2.06% on the last trading day (Thursday, 2nd May 2024), rising from $100.27 to $102.34. During the last trading day the ETF fluctuated 0.471% from a day low at $101.86 to a day high of $102.34. The price has risen in 6 of the last 10 days and is up by 5.74% 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, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $341.71 thousand.
The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.79% during the next 3 months and, with a 90% probability hold a price between $93.59 and $104.81 at the end of this 3-month period.
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PSCD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). PowerShares S&P SmallCap Consumer 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PowerShares S&P SmallCap Consumer ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $102.76. On a fall, the ETF will find some support from the short-term average at $101.54. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.704%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Friday, May 05, 2023 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 Friday, May 05, 2023 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 S&P SmallCap Consumer ETF
PowerShares S&P SmallCap Consumer finds support from accumulated volume at $102.04 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 $0.480 (0.471%) between high and low. For the last week, the ETF has had daily average volatility of 0.399%.
Our recommended stop-loss: $98.23 (-4.02%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (PSCD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect PowerShares S&P SmallCap Consumer Discretionary Portfolio to open at $102.18, and during the day (based on 14 day Average True Range), to move between $100.99 and $103.69, which gives a possible trading interval of +/-$1.35 (+/-1.32%) up or down from last closing price. If PowerShares S&P SmallCap Consumer Discretionary Portfolio takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $102.04 (0.30%) than the resistance at $104.29 (1.91%), 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 S&P SmallCap Consumer Discretionary Portfolio ETF A Buy?
PowerShares S&P SmallCap Consumer 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.957 Hold/Accumulate Upgraded
Predicted Opening Price for PowerShares S&P SmallCap Consumer Discretionary Portfolio of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$102.18 ( 0.156%) | $102.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSCD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 102.66 | 0.313 % | |
R2 | 102.48 | 0.134 % | ||
R1 | 102.36 | 0.0228 % | ||
Current price: | 102.34 | |||
Support | S1 | 102.00 | -0.336 % | |
S2 | 101.88 | -0.446 % | ||
S3 | 101.70 | -0.625 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 106.13 | 3.70 % | |
R2 | 105.70 | 3.28 % | ||
R1 | 104.29 | 1.91 % | ||
Current price | 102.34 | |||
Support | S1 | 102.04 | -0.297% | |
S2 | 100.66 | -1.64% | ||
S3 | 97.70 | -4.53% |
PSCD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.329 | 0.310% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.346 | 0.335% |
3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.266 | 0.317% |
4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.188 | 0.214% |
5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.329 | 0.387% |
FAQ
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