POWERSHARES VARIABLE RATE PREFERRED ETF Forecast
POWERSHARES VARIABLE RATE PREFERRED ETF price ended at $23.89 on Monday, after gaining 0.0419%.
(Updated on Jun 17, 2024)
The POWERSHARES VARIABLE RATE PREFERRED ETF price gained 0.0419% on the last trading day (Monday, 17th Jun 2024), rising from $23.88 to $23.89. During the last trading day the ETF fluctuated 0.319% from a day low at $23.82 to a day high of $23.90. The price has risen in 5 of the last 10 days but is still down by -0.21% for this period. Volume fell on the last day by -58 thousand shares and in total, 187 thousand shares were bought and sold for approximately $4.48 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 VARIABLE RATE PREFERRED ETF with a 90% probability to be traded between $23.95 and $24.31 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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VRP Signals & Forecast
The POWERSHARES VARIABLE RATE PREFERRED 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 $23.85 and $23.83. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, June 04, 2024, and so far it has fallen -0.292%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Monday, July 10, 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 Monday, July 10, 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.
Support, Risk & Stop-loss for POWERSHARES VARIABLE RATE PREFERRED ETF
POWERSHARES VARIABLE RATE PREFERRED finds support from accumulated volume at $23.85 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 $0.0761 between high and low, or 0.319%. For the last week the ETF has had daily average volatility of 0.495%.
Our recommended stop-loss: $23.06 (-3.49%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (VRP) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect POWERSHARES VARIABLE RATE PREFERRED PORTFOLIO to open at $23.87, and during the day (based on 14 day Average True Range), to move between $23.78 and $24.00, which gives a possible trading interval of +/-$0.110 (+/-0.46%) up or down from last closing price. If POWERSHARES VARIABLE RATE PREFERRED PORTFOLIO takes out the full calculated possible swing range there will be an estimated 0.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.90 (0.04%) than the support at $23.85 (0.17%), 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 VARIABLE RATE PREFERRED PORTFOLIO ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for POWERSHARES VARIABLE RATE PREFERRED ETF to perform well in the short-term period.
Current score: 1.528 Buy Candidate Unchanged
Predicted Opening Price for POWERSHARES VARIABLE RATE PREFERRED PORTFOLIO of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$23.87 ( 0.0783%) | $23.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRP
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.95 | 0.240% |
R2 | 23.92 | 0.119% |
R1 | 23.90 | 0.0434% |
Price | 23.89 | |
S1 | 23.84 | -0.200% |
S2 | 23.82 | -0.275% |
S3 | 23.80 | -0.397% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.94 | 0.209% |
R2 | 23.93 | 0.167% |
R1 | 23.90 | 0.0419% |
Price | 23.89 | |
S1 | 23.85 | -0.167% |
S2 | 23.83 | -0.251% |
S3 | 23.52 | -1.55% |
VRP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 10, 2024 | May 20, 2024 | May 24, 2024 | $0.102 | 0.427% |
2 | Jan 10, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.111 | 0.472% |
3 | Jan 10, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.106 | 0.447% |
4 | Jan 10, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.102 | 0.432% |
5 | Jan 10, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.107 | 0.454% |
FAQ
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