POWERSHARES GLOBAL LISTED PRIVATE EQUITY ETF Forecast
Red day on Tuesday for POWERSHARES GLOBAL LISTED PRIVATE EQUITY
(Updated on Jun 25, 2024)
The POWERSHARES GLOBAL LISTED PRIVATE EQUITY ETF price fell by -0.797% on the last day (Tuesday, 25th Jun 2024) from $61.49 to $61.00. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.99% from a day low at $60.85 to a day high of $61.45. The price has fallen in 6 of the last 10 days and is down by -6.48% for this period. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 34 thousand shares were bought and sold for approximately $2.05 million.
The ETF has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $62.30 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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PSP Signals & Forecast
There are few to no technical positive signals at the moment. The POWERSHARES GLOBAL LISTED PRIVATE EQUITY ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $63.74 and $65.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -9.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for POWERSHARES GLOBAL LISTED PRIVATE EQUITY ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.600 between high and low, or 0.99%. For the last week the ETF has had daily average volatility of 0.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PSP) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect POWERSHARES GLOBAL LISTED PRIVATE EQUITY PORTFOLIO to open at $61.10, and during the day (based on 14 day Average True Range), to move between $59.94 and $62.06, which gives a possible trading interval of +/-$1.06 (+/-1.74%) up or down from last closing price. If POWERSHARES GLOBAL LISTED PRIVATE EQUITY PORTFOLIO takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $63.27, some $2.27 (3.72%) from the current price of $61.00, our system finds the risk reward not very attractive.
Is POWERSHARES GLOBAL LISTED PRIVATE EQUITY PORTFOLIO ETF A Buy?
POWERSHARES GLOBAL LISTED PRIVATE EQUITY holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.697 Sell Candidate Unchanged
Predicted Opening Price for POWERSHARES GLOBAL LISTED PRIVATE EQUITY PORTFOLIO of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $61.10 ( 0.164%) | $61.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 61.70 | 1.15% |
| R2 | 61.47 | 0.772% |
| R1 | 61.33 | 0.540% |
| Price | 61.00 | |
| S1 | 60.87 | -0.212% |
| S2 | 60.73 | -0.444% |
| S3 | 60.50 | -0.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.96 | 8.13% |
| R2 | 65.59 | 7.52% |
| R1 | 63.27 | 3.72% |
| Price | 61.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
PSP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.538 | 0.83% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.747 | 1.23% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.600 | 1.16% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $1.12 | 2.18% |
| 5 | Jan 19, 2022 | Sep 19, 2022 | Sep 23, 2022 | $0.0670 | 0.156% |
FAQ
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