POWERSHARES FTSE RAFI EMERGING MARKETS ETF Forecast
POWERSHARES FTSE RAFI EMERGING MARKETS ETF upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The POWERSHARES FTSE RAFI EMERGING MARKETS ETF price fell by -0.613% on the last day (Tuesday, 25th Jun 2024) from $20.39 to $20.27. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.422% from a day low at $20.22 to a day high of $20.30. The price has been going up and down for this period, and there has been a -0.81% loss for the last 2 weeks. 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, 69 thousand shares were bought and sold for approximately $1.39 million.
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 $20.18 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 7.63% during the next 3 months and, with a 90% probability hold a price between $21.72 and $23.74 at the end of this 3-month period.
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PXH Signals & Forecast
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. The POWERSHARES FTSE RAFI EMERGING 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 $20.46 and $20.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -5.44%. Further fall is indicated until a new bottom pivot has been found. POWERSHARES FTSE RAFI EMERGING MARKETS gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for POWERSHARES FTSE RAFI EMERGING MARKETS ETF
POWERSHARES FTSE RAFI EMERGING MARKETS finds support from accumulated volume at $20.07 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 $0.0853 between high and low, or 0.422%. For the last week the ETF has had daily average volatility of 0.656%.
Our recommended stop-loss: $19.25 (-5.02%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (PXH) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect POWERSHARES FTSE RAFI EMERGING MARKETS PORTFOLIO to open at $20.26, and during the day (based on 14 day Average True Range), to move between $20.05 and $20.48, which gives a possible trading interval of +/-$0.213 (+/-1.05%) up or down from last closing price. If POWERSHARES FTSE RAFI EMERGING MARKETS PORTFOLIO takes out the full calculated possible swing range there will be an estimated 2.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.35 (0.42%) than the support at $20.07 (0.96%), 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 FTSE RAFI EMERGING MARKETS PORTFOLIO ETF A Buy?
POWERSHARES FTSE RAFI EMERGING 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: 0.600 Hold/Accumulate Upgraded
Predicted Opening Price for POWERSHARES FTSE RAFI EMERGING MARKETS PORTFOLIO of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $20.26 ( 0.0242%) | $20.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PXH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.35 | 0.397% |
| R2 | 20.31 | 0.236% |
| R1 | 20.29 | 0.137% |
| Price | 20.27 | |
| S1 | 20.23 | -0.185% |
| S2 | 20.21 | -0.284% |
| S3 | 20.17 | -0.445% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.88 | 3.03% |
| R2 | 20.45 | 0.91% |
| R1 | 20.35 | 0.419% |
| Price | 20.27 | |
| S1 | 20.07 | -0.96% |
| S2 | 19.76 | -2.49% |
| S3 | 19.46 | -3.97% |
PXH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0649 | 0.337% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.172 | 0.93% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.359 | 1.99% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.267 | 1.45% |
| 5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.127 | 0.708% |
FAQ
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