POWERSHARES FTSE RAFI DEVELOPED MARKETS ETF Forecast
POWERSHARES FTSE RAFI DEVELOPED MARKETS ETF upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The POWERSHARES FTSE RAFI DEVELOPED MARKETS ETF price gained 0.0615% on the last trading day (Tuesday, 25th Jun 2024), rising from $48.80 to $48.83. During the last trading day the ETF fluctuated 0.493% from a day low at $48.69 to a day high of $48.93. The price has been going up and down for this period, and there has been a -2.81% loss for the last 2 weeks. Volume fell on the last day by -143 thousand shares and in total, 22 thousand shares were bought and sold for approximately $1.06 million. 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $48.47 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.03% during the next 3 months and, with a 90% probability hold a price between $49.45 and $52.59 at the end of this 3-month period.
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PXF Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.144%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The POWERSHARES FTSE RAFI DEVELOPED MARKETS 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 $48.94 and $50.13. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not.
Support, Risk & Stop-loss for POWERSHARES FTSE RAFI DEVELOPED MARKETS ETF
POWERSHARES FTSE RAFI DEVELOPED MARKETS finds support from accumulated volume at $48.80 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 $0.240 between high and low, or 0.493%. For the last week the ETF has had daily average volatility of 0.587%
Our recommended stop-loss: $45.95 (-5.91%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (PXF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect POWERSHARES FTSE RAFI DEVELOPED MARKETS EX-U.S. PORTFOLIO to open at $48.82, and during the day (based on 14 day Average True Range), to move between $48.33 and $49.33, which gives a possible trading interval of +/-$0.496 (+/-1.02%) up or down from last closing price. If POWERSHARES FTSE RAFI DEVELOPED MARKETS EX-U.S. PORTFOLIO 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 support from accumulated volume at $48.80 (0.06%) than the resistance at $49.48 (1.33%), 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 FTSE RAFI DEVELOPED MARKETS EX-U.S. PORTFOLIO ETF A Buy?
POWERSHARES FTSE RAFI DEVELOPED MARKETS 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.559 Hold/Accumulate Upgraded
Predicted Opening Price for POWERSHARES FTSE RAFI DEVELOPED MARKETS EX-U.S. PORTFOLIO of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$48.82 ( 0.0272%) | $48.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PXF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 49.06 | 0.464% |
R2 | 48.96 | 0.276% |
R1 | 48.91 | 0.160% |
Price | 48.83 | |
S1 | 48.73 | -0.215% |
S2 | 48.67 | -0.331% |
S3 | 48.58 | -0.519% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.81 | 4.04% |
R2 | 49.99 | 2.38% |
R1 | 49.48 | 1.33% |
Price | 48.83 | |
S1 | 48.80 | -0.0614% |
S2 | 48.32 | -1.04% |
S3 | 47.68 | -2.36% |
PXF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.372 | 0.754% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.350 | 0.756% |
3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.330 | 0.745% |
4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.648 | 1.48% |
5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.355 | 0.84% |
FAQ
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