Principal Contrarian Value Index ETF Forecast
Red day on Friday for Principal Contrarian Value Index ETF after losing 0.583%
(Updated on Jun 14, 2024)
The Principal Contrarian Value Index ETF price fell by -0.583% on the last day (Friday, 14th Jun 2024) from $36.01 to $35.80. During the last trading day the ETF fluctuated 0.760% from a day low at $35.56 to a day high of $35.83. The price has fallen in 7 of the last 10 days and is down by -0.89% for this period. Volume has increased on the last day by 7 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, 137 thousand shares were bought and sold for approximately $4.92 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.44% during the next 3 months and, with a 90% probability hold a price between $36.18 and $38.19 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PVAL Signals & Forecast
There are few to no technical positive signals at the moment. The Principal Contrarian Value Index ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $35.95 and $35.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -2.16%. 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 Principal Contrarian Value Index ETF
Principal Contrarian Value Index finds support from accumulated volume at $35.43 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 $0.270 between high and low, or 0.760%. For the last week the ETF has had daily average volatility of 0.91%.
Our recommended stop-loss: $34.37 (-3.98%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (PVAL) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Principal Contrarian Value Index ETF to open at $35.73, and during the day (based on 14 day Average True Range), to move between $35.44 and $36.16, which gives a possible trading interval of +/-$0.363 (+/-1.01%) up or down from last closing price. If Principal Contrarian Value Index ETF takes out the full calculated possible swing range there will be an estimated 2.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.84 (0.11%) than the support at $35.43 (1.03%), 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 Principal Contrarian Value Index ETF ETF A Buy?
Principal Contrarian Value Index holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.324 Hold/Accumulate Unchanged
Predicted Opening Price for Principal Contrarian Value Index ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $35.73 ( 0.196%) | $35.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PVAL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.00 | 0.559% |
| R2 | 35.90 | 0.271% |
| R1 | 35.83 | 0.0926% |
| Price | 35.80 | |
| S1 | 35.63 | -0.484% |
| S2 | 35.56 | -0.662% |
| S3 | 35.46 | -0.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.04 | 0.670% |
| R2 | 35.91 | 0.307% |
| R1 | 35.84 | 0.112% |
| Price | 35.80 | |
| S1 | 35.43 | -1.03% |
| S2 | 35.10 | -1.96% |
| S3 | 34.72 | -3.02% |
PVAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Mar 11, 2024 | $0.111 | 0.325% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.212 | 0.710% |
| 3 | Sep 06, 2023 | Sep 07, 2023 | Sep 12, 2023 | $0.111 | 0.374% |
| 4 | Jun 05, 2023 | Jun 06, 2023 | Jun 09, 2023 | $0.0970 | 0.344% |
| 5 | Dec 27, 2022 | Dec 27, 2022 | Dec 27, 2022 | $0.0140 | 0.0519% |
FAQ
Click here for our free guide on how to buy Principal Contrarian Value Index ETF ETF.
