POWERSHARES S&P SMALLCAP 600(R) PURE ETF Forecast
POWERSHARES S&P SMALLCAP 600(R) PURE ETF price down 0.530% on Tuesday
(Updated on Jun 25, 2024)
The POWERSHARES S&P SMALLCAP 600(R) PURE ETF price fell by -0.530% on the last day (Tuesday, 25th Jun 2024) from $47.03 to $46.79. During the last trading day the ETF fluctuated 0.322% from a day low at $46.64 to a day high of $46.79. The price has fallen in 6 of the last 10 days and is down by -0.67% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -4 thousand shares and in total, 3 thousand shares were bought and sold for approximately $125.10 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect POWERSHARES S&P SMALLCAP 600(R) PURE ETF with a 90% probability to be traded between $45.57 and $48.80 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.
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RZG Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.743%. 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 S&P SMALLCAP 600(R) PURE 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 $46.84 and $47.63. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for POWERSHARES S&P SMALLCAP 600(R) PURE ETF
POWERSHARES S&P SMALLCAP 600(R) PURE finds support from accumulated volume at $46.78 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 $0.150 between high and low, or 0.322%. For the last week the ETF has had daily average volatility of 0.412%
Our recommended stop-loss: $43.98 (-6.00%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (RZG) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect POWERSHARES S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO POWERSHARES S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO to open at $46.74, and during the day (based on 14 day Average True Range), to move between $46.26 and $47.31, which gives a possible trading interval of +/-$0.520 (+/-1.11%) up or down from last closing price. If POWERSHARES S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO POWERSHARES S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $46.78 (0.01%) than the resistance at $46.93 (0.31%), 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 S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO POWERSHARES S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO ETF A Buy?
POWERSHARES S&P SMALLCAP 600(R) PURE 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.
Current score: 0.280 Hold/Accumulate Unchanged
Predicted Opening Price for POWERSHARES S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO POWERSHARES S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $46.74 ( 0.107%) | $46.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RZG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.89 | 0.214% |
| R2 | 46.83 | 0.0913% |
| R1 | 46.79 | 0.0156% |
| Price | 46.79 | |
| S1 | 46.68 | -0.229% |
| S2 | 46.64 | -0.305% |
| S3 | 46.59 | -0.427% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.60 | 1.74% |
| R2 | 47.38 | 1.27% |
| R1 | 46.93 | 0.310% |
| Price | 46.79 | |
| S1 | 46.78 | -0.0107% |
| S2 | 46.67 | -0.247% |
| S3 | 46.19 | -1.27% |
RZG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.144 | 0.302% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.154 | 0.345% |
| 3 | Jan 02, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.127 | 0.319% |
| 4 | Jan 02, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.185 | 0.457% |
| 5 | Jan 02, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.559 | 1.47% |
FAQ
Click here for our free guide on how to buy POWERSHARES S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO POWERSHARES S&P SMALLCAP 600(R) PURE GROWTH PORTFOLIO ETF.
