PRINCIPAL SHAREHOLDER YIELD INDEX ETF Forecast

$46.87
+0.280 (+0.601%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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PRINCIPAL SHAREHOLDER YIELD INDEX ETF upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 8.00% PDF

The PRINCIPAL SHAREHOLDER YIELD INDEX ETF price gained 0.601% on the last trading day (Thursday, 28th Mar 2024), rising from $46.59 to $46.87. During the last trading day the ETF fluctuated 0.449% from a day low at $46.72 to a day high of $46.93. The price has risen in 6 of the last 10 days and is up by 3.1% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately $155.52 thousand. 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 has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $46.32, a level that may pose a second chance to hit a runner. According to fan-theory $47.64 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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PY Signals & Forecast

The PRINCIPAL SHAREHOLDER YIELD 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 $46.30 and $45.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 8.65%. 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. 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.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for PRINCIPAL SHAREHOLDER YIELD INDEX ETF

PRINCIPAL SHAREHOLDER YIELD INDEX finds support from accumulated volume at $44.53 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 $0.210 between high and low, or 0.449%. For the last week the ETF has had daily average volatility of 0.606%

Our recommended stop-loss: $45.39 (-3.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (PY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect PRINCIPAL SHAREHOLDER YIELD INDEX ETF to open at $46.84, and during the day (based on 14 day Average True Range), to move between $46.54 and $47.20, which gives a possible trading interval of +/-$0.332 (+/-0.71%) up or down from last closing price. If PRINCIPAL SHAREHOLDER YIELD INDEX ETF takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $44.53, some $2.34 (4.99%) from the current price of $46.87, our system finds the risk reward attractive.

Is PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF A Buy?

PRINCIPAL SHAREHOLDER YIELD INDEX holds several positive signals and has broken the weak rising trend up. As the ETF is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.963 Strong Buy Candidate Upgraded

Predicted Opening Price for PRINCIPAL SHAREHOLDER YIELD INDEX ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$46.84 ( 0.0640%) $46.87

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 47.05 0.384 %
R2 46.97 0.213 %
R1 46.92 0.107 %
Current price: 46.87
Support S1 46.76 -0.235 %
S2 46.71 -0.341 %
S3 46.63 -0.512 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 46.87
Support S1 44.53 -4.99%
S2 43.48 -7.24%
S3 43.18 -7.88%

PY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 27, 2023 Dec 27, 2023 Jan 02, 2024 $0.263 0.605%
2 Oct 02, 2023 Oct 02, 2023 Oct 05, 2023 $0.365 0.95%
3 Jul 03, 2023 Jul 03, 2023 Jul 07, 2023 $0.246 0.599%
4 Jun 28, 2023 Apr 03, 2023 Apr 06, 2023 $0.288 0.721%
5 Dec 27, 2022 Dec 28, 2022 Jan 03, 2023 $0.293 0.718%

FAQ

What is the symbol for PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF and on which exchange is it traded?
The symbol for PRINCIPAL SHAREHOLDER YIELD INDEX ETF is PY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF?
PRINCIPAL SHAREHOLDER YIELD INDEX holds several positive signals and has broken the weak rising trend up. As the ETF is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

How to buy PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF?
PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF.

What's the current price of PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF?
As of the end of day on the 2024-03-28, the price of an PRINCIPAL SHAREHOLDER YIELD INDEX ETF (PY) share was $46.87.

What is the 52-week high and low for PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF?
The 52-week high for PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF is $46.93 and the 52-week low is $36.85.

What is the market capitalization of PRINCIPAL SHAREHOLDER YIELD INDEX ETF ETF?
As of the 2024-03-28, the market capitalization of PRINCIPAL SHAREHOLDER YIELD INDEX ETF is 57.938M.
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