Principal Contrarian Value Index ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Principal Contrarian Value Index ETF price ended at $36.33 on Tuesday, after losing 0.520%.
(Updated on Jun 25, 2024)
The Principal Contrarian Value Index ETF price fell by -0.520% on the last day (Tuesday, 25th Jun 2024) from $36.52 to $36.33. During the last trading day the ETF fluctuated 0.98% from a day low at $36.17 to a day high of $36.52. The price has been going up and down for this period, and there has been a 0.55% gain for the last 2 weeks. Volume has increased on the last day by 37 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, 131 thousand shares were bought and sold for approximately $4.77 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 3.54% during the next 3 months and, with a 90% probability hold a price between $36.39 and $38.37 at the end of this 3-month period.
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PVAL Signals & Forecast
The Principal Contrarian Value Index ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $36.19 and $36.02. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -0.711%. Further fall is indicated until a new bottom pivot has been found. 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 $36.04 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 $0.355 between high and low, or 0.98%. For the last week the ETF has had daily average volatility of 0.786%.
Our recommended stop-loss: $35.19 (-3.15%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (PVAL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Principal Contrarian Value Index ETF to open at $36.34, and during the day (based on 14 day Average True Range), to move between $35.98 and $36.68, which gives a possible trading interval of +/-$0.349 (+/-0.96%) 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 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.42 (0.25%) than the support at $36.04 (0.80%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Principal Contrarian Value Index ETF to perform well in the short-term.
Current score: 1.813 Buy Candidate Unchanged
Predicted Opening Price for Principal Contrarian Value Index ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $36.34 ( 0.0229%) | $36.33 |
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 | 36.69 | 1.00% |
| R2 | 36.56 | 0.627% |
| R1 | 36.47 | 0.396% |
| Price | 36.33 | |
| S1 | 36.20 | -0.350% |
| S2 | 36.12 | -0.581% |
| S3 | 35.98 | -0.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.59 | 0.716% |
| R2 | 36.46 | 0.358% |
| R1 | 36.42 | 0.248% |
| Price | 36.33 | |
| S1 | 36.04 | -0.798% |
| S2 | 35.12 | -3.33% |
| S3 | 35.10 | -3.39% |
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
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