- Bullish trend confirmed on both short and long timeframes
- Consistently positive technical signals over the last month
- Trading above its 200-day moving average
PowerShares National AMT-Free MuniBd ETF downgraded to Hold/Accumulate
(Updated on Jul 10, 2026)
The PowerShares National AMT-Free MuniBd ETF price gained 0.214% on the last trading day (Friday, 10th Jul 2026), rising from $23.40 to $23.45. During the last trading day the ETF fluctuated 0.214% from a day low at $23.40 to a day high of $23.45. The price has risen in 5 of the last 10 days but is still down by -0.17% for this period. Volume fell on the last day by -421 thousand shares and in total, 465 thousand shares were bought and sold for approximately $10.90 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PowerShares National AMT-Free MuniBd ETF with a 90% probability to be traded between $23.22 and $23.83 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
PZA Signals & Forecast
The PowerShares National AMT-Free MuniBd ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the ETF. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $23.48. On a fall, the ETF will find some support from the long-term average at approximately $23.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, July 06, 2026, and so far it has fallen -0.509%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Thursday, May 28, 2026 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, May 28, 2026 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for PowerShares National AMT-Free MuniBd ETF
PowerShares National AMT-Free MuniBd finds support from accumulated volume at $23.39 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 ETF. During the last day, the ETF moved $0.0500 between high and low, or 0.214%. For the last week the ETF has had daily average volatility of 0.287%.
Our recommended stop-loss: $22.58 (-3.72%) (This ETF has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (PZA) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect PowerShares National AMT-Free MuniBd ETF to open at $23.43, and during the day (based on 14 day Average True Range), to move between $23.41 and $23.49, which gives a possible trading interval of +/-$0.0811 (+/-0.35%) up or down from last closing price. If PowerShares National AMT-Free MuniBd ETF takes out the full calculated possible swing range there will be an estimated 0.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.49 (0.17%) than the support at $23.39 (0.26%), 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 National AMT-Free MuniBd ETF ETF A Buy?
PowerShares National AMT-Free MuniBd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold candidate.
Current score:
0.600
Hold/Accumulate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on July 13, 2026 - $23.43 ( 0.0711%).
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PZA Performance
Trading levels for PZA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.48 | 0.142% |
| R2 | 23.46 | 0.0607% |
| R1 | 23.45 | 0.0104% |
| Price | 23.45 | |
| S1 | 23.41 | -0.153% |
| S2 | 23.40 | -0.203% |
| S3 | 23.38 | -0.284% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.53 | 0.341% |
| R2 | 23.50 | 0.213% |
| R1 | 23.49 | 0.171% |
| Price | 23.45 | |
| S1 | 23.39 | -0.256% |
| S2 | 23.37 | -0.341% |
| S3 | 23.33 | -0.512% |
PZA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 31, 2025 | Jun 22, 2026 | Jun 26, 2026 | $0.0731 | 0.312% |
| 2 | May 18, 2026 | May 18, 2026 | May 22, 2026 | $0.0733 | 0.319% |
| 3 | Apr 20, 2026 | Apr 20, 2026 | Apr 24, 2026 | $0.0723 | 0.310% |
| 4 | Mar 23, 2026 | Mar 23, 2026 | Mar 27, 2026 | $0.0705 | 0.308% |
| 5 | Feb 23, 2026 | Feb 23, 2026 | Feb 27, 2026 | $0.0677 | 0.289% |
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