PowerShares S&P SmallCap Information ETF Forecast
Green day on Friday for PowerShares S&P SmallCap Information
(Updated on May 03, 2024)
The PowerShares S&P SmallCap Information ETF price gained 1.33% on the last trading day (Friday, 3rd May 2024), rising from $44.96 to $45.56. During the last trading day the ETF fluctuated 1.33% from a day low at $45.31 to a day high of $45.92. The price has risen in 7 of the last 10 days and is up by 7.4% 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, 7 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately $1.21 million.
Given the current short-term trend, the ETF is expected to fall -7.32% during the next 3 months and, with a 90% probability hold a price between $38.78 and $42.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PSCT Signals & Forecast
Mostly positive signals in the chart today. The PowerShares S&P SmallCap Information ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $44.47 and $44.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.40%. 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 Information 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 Information ETF
PowerShares S&P SmallCap Information finds support from accumulated volume at $45.26 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 $0.601 (1.33%) between high and low. For the last week, the ETF has had daily average volatility of 1.58%.
Our recommended stop-loss: $43.66 (-4.18%) (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 (PSCT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect PowerShares S&P SmallCap Information Technology Portfolio to open at $45.60, and during the day (based on 14 day Average True Range), to move between $44.75 and $46.37, which gives a possible trading interval of +/-$0.81 (+/-1.77%) 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 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $45.26 (0.66%) than the resistance at $46.17 (1.34%), 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?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 2.847 Buy Candidate Unchanged
Predicted Opening Price for PowerShares S&P SmallCap Information Technology Portfolio of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $45.60 ( 0.0814%) | $45.56 |
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 | 46.20 | 1.40 % | |
| R2 | 45.97 | 0.90 % | ||
| R1 | 45.83 | 0.586 % | ||
| Current price: | 45.56 | |||
| Support | S1 | 45.37 | -0.423 % | |
| S2 | 45.23 | -0.734 % | ||
| S3 | 45.00 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.05 | 3.27 % | |
| R2 | 46.20 | 1.40 % | ||
| R1 | 46.17 | 1.34 % | ||
| Current price | 45.56 | |||
| Support | S1 | 45.26 | -0.658% | |
| S2 | 44.76 | -1.76% | ||
| S3 | 44.62 | -2.06% |
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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