PowerShares S&P SmallCap Information ETF Forecast
PowerShares S&P SmallCap Information ETF price up 2.44% on Wednesday
(Updated on Mar 27, 2024)
The PowerShares S&P SmallCap Information ETF price gained 2.44% on the last trading day (Wednesday, 27th Mar 2024), rising from $45.10 to $46.20. During the last trading day the ETF fluctuated 1.78% from a day low at $45.43 to a day high of $46.24. The price has fallen in 7 of the last 10 days but is still up by 0.33% 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, 23 thousand more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately $1.54 million.
The ETF lies in the middle of a 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 -2.19% during the next 3 months and, with a 90% probability hold a price between $43.09 and $46.82 at the end of this 3-month period.
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PSCT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 3.24%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PowerShares S&P SmallCap Information 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 $46.36. On a fall, the ETF will find some support from the short-term average at $45.47. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PowerShares S&P SmallCap Information ETF
PowerShares S&P SmallCap Information finds support from accumulated volume at $46.17 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 $0.81 between high and low, or 1.78%. For the last week the ETF has had daily average volatility of 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PSCT) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect PowerShares S&P SmallCap Information Technology Portfolio to open at $45.96, and during the day (based on 14 day Average True Range), to move between $45.47 and $46.93, which gives a possible trading interval of +/-$0.729 (+/-1.58%) up or down from last closing price. If PowerShares S&P SmallCap Information Technology 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 $46.17 (0.06%) than the resistance at $46.29 (0.19%), 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 Information Technology Portfolio ETF A Buy?
PowerShares S&P SmallCap Information holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.250 Sell Candidate Unchanged
Predicted Opening Price for PowerShares S&P SmallCap Information Technology Portfolio of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$45.96 ( 0.527%) | $46.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSCT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.77 | 1.23 % | |
R2 | 46.46 | 0.557 % | ||
R1 | 46.27 | 0.143 % | ||
Current price: | 46.20 | |||
Support | S1 | 45.65 | -1.20 % | |
S2 | 45.46 | -1.61 % | ||
S3 | 45.15 | -2.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.74 | 3.33 % | |
R2 | 46.66 | 1.00 % | ||
R1 | 46.29 | 0.195 % | ||
Current price | 46.20 | |||
Support | S1 | 46.17 | -0.0649% | |
S2 | 46.12 | -0.173% | ||
S3 | 46.05 | -0.325% |
PSCT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0048 | 0.0105% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.0111 | 0.0229% |
3 | Mar 19, 2021 | Mar 22, 2021 | Mar 31, 2021 | $0.0130 | 0.0284% |
4 | Dec 18, 2020 | Dec 21, 2020 | Dec 31, 2020 | $0.0200 | 0.0490% |
5 | Sep 18, 2020 | Sep 21, 2020 | Sep 30, 2020 | $0.0280 | 0.0972% |
FAQ
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