PowerShares S&P SmallCap Information ETF Forecast

$46.20
+1.10 (+2.44%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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PowerShares S&P SmallCap Information ETF price up 2.44% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 11, 2024 Loss -0.92% PDF

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


# Declaration Date 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

What is the symbol for PowerShares S&P SmallCap Information Technology Portfolio ETF and on which exchange is it traded?
The symbol for PowerShares S&P SmallCap Information Technology Portfolio is PSCT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell PowerShares S&P SmallCap Information Technology Portfolio ETF?
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.

How to buy PowerShares S&P SmallCap Information Technology Portfolio ETF?
PowerShares S&P SmallCap Information Technology Portfolio ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PowerShares S&P SmallCap Information Technology Portfolio ETF.

What's the current price of PowerShares S&P SmallCap Information Technology Portfolio ETF?
As of the end of day on the 2024-03-27, the price of an PowerShares S&P SmallCap Information Technology Portfolio (PSCT) share was $46.20.

What is the 52-week high and low for PowerShares S&P SmallCap Information Technology Portfolio ETF?
The 52-week high for PowerShares S&P SmallCap Information Technology Portfolio ETF is $149.64 and the 52-week low is $38.54.

What is the market capitalization of PowerShares S&P SmallCap Information Technology Portfolio ETF?
As of the 2024-03-27, the market capitalization of PowerShares S&P SmallCap Information Technology Portfolio is 324.888M.
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About PowerShares S&P SmallCap Information Technology Portfolio

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P SmallCap 600® Capped Information Technology Index. The fund generally will invest at least 90% of its total assets in common stocks of small capitalization U.S. information technology companies that comprise the underlying index. These companies are principally engaged in the business of providing information technolo... PSCT Profile

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