POWERSHARES VRI 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
Green day on Friday for POWERSHARES VRI ETF after gaining 0.0199%
(Updated on Apr 26, 2024)
The POWERSHARES VRI ETF price gained 0.0199% on the last trading day (Friday, 26th Apr 2024), rising from $25.08 to $25.09. During the last trading day the ETF fluctuated 0.0838% from a day low at $25.07 to a day high of $25.09. The price has risen in 5 of the last 10 days but is still down by -0.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 71 thousand more shares were traded than the day before. In total, 262 thousand shares were bought and sold for approximately $6.58 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.06 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect POWERSHARES VRI ETF with a 90% probability to be traded between $25.10 and $25.24 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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VRIG Signals & Forecast
The POWERSHARES VRI 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 $25.11 and $25.12. 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). 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 Wednesday, April 24, 2024, and so far it has risen 0.0998%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Friday, December 29, 2023 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 Friday, December 29, 2023 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.
A buy signal from a double bottom formation was found on Wednesday, April 24, 2024 and based on theory for this formation the price should go up by 0.100% to $25.11 within 26 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for POWERSHARES VRI ETF
POWERSHARES VRI finds support from accumulated volume at $25.08 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 $0.0210 between high and low, or 0.0838%. For the last week the ETF has had daily average volatility of 0.0886%.
Our recommended stop-loss: $23.01 (-8.26%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (VRIG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO to open at $25.08, and during the day (based on 14 day Average True Range), to move between $25.05 and $25.12, which gives a possible trading interval of +/-$0.0308 (+/-0.12%) up or down from last closing price. If POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO takes out the full calculated possible swing range there will be an estimated 0.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.08 (0.02%) than the resistance at $25.13 (0.16%), 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 VARIABLE RATE INVESTMENT GRADE PORTFOLIO 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.
Current score: 2.624 Buy Candidate Unchanged
Predicted Opening Price for POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $25.08 ( 0.0146%) | $25.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.10 | 0.0691 % | |
| R2 | 25.09 | 0.0371 % | ||
| R1 | 25.09 | 0.0174 % | ||
| Current price: | 25.09 | |||
| Support | S1 | 25.07 | -0.0466 % | |
| S2 | 25.07 | -0.0664 % | ||
| S3 | 25.06 | -0.0983 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.16 | 0.299 % | |
| R2 | 25.15 | 0.259 % | ||
| R1 | 25.13 | 0.159 % | ||
| Current price | 25.09 | |||
| Support | S1 | 25.08 | -0.0199% | |
| S2 | 25.07 | -0.0598% | ||
| S3 | 25.05 | -0.140% |
VRIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.134 | 0.534% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.130 | 0.520% |
| 3 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.129 | 0.516% |
| 4 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.131 | 0.522% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.152 | 0.608% |
FAQ
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