PowerShares S&P 500 High Div Low Vol ETF Forecast
PowerShares S&P 500 High Div Low Vol ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The PowerShares S&P 500 High Div Low Vol ETF price fell by -0.369% on the last day (Friday, 26th Apr 2024) from $43.40 to $43.24. During the last trading day the ETF fluctuated 0.694% from a day low at $43.22 to a day high of $43.52. The price has risen in 6 of the last 10 days and is up by 1.24% over the past 2 weeks. 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 -196 thousand shares and in total, 369 thousand shares were bought and sold for approximately $15.96 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.84% during the next 3 months and, with a 90% probability hold a price between $44.40 and $47.25 at the end of this 3-month period.
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SPHD Signals & Forecast
The PowerShares S&P 500 High Div Low Vol 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 $43.27 and $43.45. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.76%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for PowerShares S&P 500 High Div Low Vol ETF
PowerShares S&P 500 High Div Low Vol finds support from accumulated volume at $42.46 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 $0.300 between high and low, or 0.694%. For the last week the ETF has had daily average volatility of 1.12%.
Our recommended stop-loss: $40.86 (-5.50%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (SPHD) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect PowerShares S&P 500 High Div Low VolETF to open at $43.33, and during the day (based on 14 day Average True Range), to move between $42.75 and $43.73, which gives a possible trading interval of +/-$0.487 (+/-1.13%) up or down from last closing price. If PowerShares S&P 500 High Div Low VolETF takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.28 (0.09%) than the support at $42.46 (1.80%), 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 S&P 500 High Div Low VolETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.123 Buy Candidate Upgraded
Predicted Opening Price for PowerShares S&P 500 High Div Low VolETF of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$43.33 ( 0.200%) | $43.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPHD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.63 | 0.89 % | |
R2 | 43.51 | 0.629 % | ||
R1 | 43.44 | 0.465 % | ||
Current price: | 43.24 | |||
Support | S1 | 43.21 | -0.0646 % | |
S2 | 43.14 | -0.228 % | ||
S3 | 43.03 | -0.493 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.83 | 1.36 % | |
R2 | 43.42 | 0.416 % | ||
R1 | 43.28 | 0.0925 % | ||
Current price | 43.24 | |||
Support | S1 | 42.46 | -1.80% | |
S2 | 42.34 | -2.08% | ||
S3 | 41.15 | -4.83% |
SPHD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 05, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.141 | 0.326% |
2 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.134 | 0.308% |
3 | Jan 05, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.145 | 0.342% |
4 | Jan 05, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.153 | 0.361% |
5 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.169 | 0.402% |
FAQ
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