POWERSHARES FTSE RAFI EMERGING MARKETS 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
POWERSHARES FTSE RAFI EMERGING MARKETS ETF price ended at $20.25 on Friday, after gaining 0.347%.
(Updated on Jun 28, 2024)
The POWERSHARES FTSE RAFI EMERGING MARKETS ETF price gained 0.347% on the last trading day (Friday, 28th Jun 2024), rising from $20.18 to $20.25. During the last trading day the ETF fluctuated 0.742% from a day low at $20.21 to a day high of $20.36. The price has been going up and down for this period, and there has been a -0.17% loss for the last 2 weeks. Volume fell on the last day by -89 thousand shares and in total, 104 thousand shares were bought and sold for approximately $2.11 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 $20.07 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 6.46% during the next 3 months and, with a 90% probability hold a price between $21.37 and $23.46 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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 $20.37 and $20.64. 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 -5.51%. Further fall is indicated until a new bottom pivot has been found.
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 $0.150 between high and low, or 0.742%. For the last week the ETF has had daily average volatility of 0.758%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PXH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect POWERSHARES FTSE RAFI EMERGING MARKETS PORTFOLIO to open at $20.27, and during the day (based on 14 day Average True Range), to move between $20.04 and $20.46, which gives a possible trading interval of +/-$0.208 (+/-1.03%) 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 2.06% 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 (0.49%) than the support at $20.07 (0.89%), 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?
The POWERSHARES FTSE RAFI EMERGING MARKETS ETF holds several negative signals and despite the positive trend, we believe POWERSHARES FTSE RAFI EMERGING MARKETS will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.299 Sell Candidate Unchanged
Predicted Opening Price for POWERSHARES FTSE RAFI EMERGING MARKETS PORTFOLIO of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $20.27 ( 0.115%) | $20.25 |
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 | 20.42 | 0.86% |
| R2 | 20.37 | 0.573% |
| R1 | 20.33 | 0.398% |
| Price | 20.25 | |
| S1 | 20.22 | -0.168% |
| S2 | 20.18 | -0.343% |
| S3 | 20.12 | -0.626% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.88 | 3.11% |
| R2 | 20.45 | 0.99% |
| R1 | 20.35 | 0.494% |
| Price | 20.25 | |
| S1 | 20.07 | -0.89% |
| S2 | 19.76 | -2.42% |
| S3 | 19.45 | -3.95% |
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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