PowerShares S&P SmallCap Utilities ETF Forecast
PowerShares S&P SmallCap Utilities ETF upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)
The PowerShares S&P SmallCap Utilities ETF price gained 0.643% on the last trading day (Thursday, 28th Mar 2024), rising from $51.14 to $51.47. During the last trading day the ETF fluctuated 0.0729% from a day low at $51.43 to a day high of $51.47. The price has been going up and down for this period, and there has been a 2.16% gain for the last 2 weeks. Volume fell on the last day by -556 shares and in total, 235 shares were bought and sold for approximately $12.09 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -4.05% during the next 3 months and, with a 90% probability hold a price between $47.60 and $50.20 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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PSCU Signals & Forecast
The PowerShares S&P SmallCap Utilities 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 $50.72 and $51.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 3.04%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PowerShares S&P SmallCap Utilities ETF
PowerShares S&P SmallCap Utilities finds support from accumulated volume at $51.22 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0375 between high and low, or 0.0729%. For the last week the ETF has had daily average volatility of 0.81%
Our recommended stop-loss: $49.02 (-4.75%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (PSCU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect PowerShares S&P SmallCap Utilities Portfolio to open at $51.46, and during the day (based on 14 day Average True Range), to move between $50.94 and $52.00, which gives a possible trading interval of +/-$0.528 (+/-1.03%) up or down from last closing price. If PowerShares S&P SmallCap Utilities Portfolio takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.60 (0.26%) than the support at $51.22 (0.48%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PowerShares S&P SmallCap Utilities Portfolio ETF A Buy?
PowerShares S&P SmallCap Utilities 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: -0.776 Hold/Accumulate Upgraded
Predicted Opening Price for PowerShares S&P SmallCap Utilities Portfolio of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$51.46 ( 0.0243%) | $51.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSCU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 51.49 | 0.0486 % | |
R2 | 51.48 | 0.0207 % | ||
R1 | 51.47 | 0.0035 % | ||
Current price: | 51.47 | |||
Support | S1 | 51.44 | -0.0521 % | |
S2 | 51.43 | -0.0693 % | ||
S3 | 51.42 | -0.0971 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.21 | 3.39 % | |
R2 | 51.74 | 0.531 % | ||
R1 | 51.60 | 0.258 % | ||
Current price | 51.47 | |||
Support | S1 | 51.22 | -0.478% | |
S2 | 50.79 | -1.32% | ||
S3 | 50.38 | -2.11% |
PSCU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.123 | 0.245% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.272 | 0.503% |
3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.378 | 0.755% |
4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.0250 | 0.0486% |
5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.191 | 0.356% |
FAQ
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