PowerShares S&P SmallCap Health Care 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
Green day on Tuesday for PowerShares S&P SmallCap Health Care ETF after gaining 0.82%
(Updated on May 07, 2024)
The PowerShares S&P SmallCap Health Care ETF price gained 0.82% on the last trading day (Tuesday, 7th May 2024), rising from $42.63 to $42.98. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.27% from a day low at $42.66 to a day high of $43.20. The price has risen in 7 of the last 10 days and is up by 4.27% 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, 14 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $811.76 thousand.
The ETFhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $42.58, a level that may pose a second chance to hit a runner. According to fan-theory $45.44 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PSCH Signals & Forecast
Mostly positive signals in the chart today. The PowerShares S&P SmallCap Health Care 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 $42.00 and $41.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 7.32%. 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). PowerShares S&P SmallCap Health Care 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.
Support, Risk & Stop-loss for PowerShares S&P SmallCap Health Care ETF
PowerShares S&P SmallCap Health Care finds support from accumulated volume at $42.94 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 $0.540 (1.27%) between high and low. For the last week, the ETF has had daily average volatility of 1.44%.
Our recommended stop-loss: $41.02 (-4.56%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (PSCH) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect PowerShares S&P SmallCap Health Care Portfolio to open at $42.95, and during the day (based on 14 day Average True Range), to move between $42.36 and $43.60, which gives a possible trading interval of +/-$0.624 (+/-1.45%) up or down from last closing price. If PowerShares S&P SmallCap Health Care Portfolio takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.94 (0.09%) than the resistance at $43.15 (0.40%), 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 Health Care Portfolio ETF A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 3.973 Buy Candidate Unchanged
Predicted Opening Price for PowerShares S&P SmallCap Health Care Portfolio of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $42.95 ( 0.0776%) | $42.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSCH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.49 | 1.18 % | |
| R2 | 43.28 | 0.699 % | ||
| R1 | 43.15 | 0.402 % | ||
| Current price: | 42.98 | |||
| Support | S1 | 42.74 | -0.557 % | |
| S2 | 42.61 | -0.85 % | ||
| S3 | 42.41 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.34 | 0.84 % | |
| R2 | 43.19 | 0.489 % | ||
| R1 | 43.15 | 0.396 % | ||
| Current price | 42.98 | |||
| Support | S1 | 42.94 | -0.0931% | |
| S2 | 42.88 | -0.233% | ||
| S3 | 40.42 | -5.96% |
PSCH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0361 | 0.0847% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.0045 | 0.0107% |
| 3 | Sep 24, 2018 | Sep 24, 2018 | Sep 28, 2018 | $0.0050 | 0.0107% |
| 4 | Dec 16, 2016 | Dec 16, 2016 | Dec 30, 2016 | $0.0190 | 0.0780% |
| 5 | Dec 24, 2014 | Dec 24, 2014 | Dec 24, 2014 | $0.557 | 2.80% |
FAQ
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