POWERSHARES S&P 500 EX-RATE SENSITIVE ETF Forecast
Green day on Monday for POWERSHARES S&P 500 EX-RATE SENSITIVE
(Updated on Jun 24, 2024)
The POWERSHARES S&P 500 EX-RATE SENSITIVE ETF price gained 0.687% on the last trading day (Monday, 24th Jun 2024), rising from $49.74 to $50.08. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.120% from a day low at $50.08 to a day high of $50.14. The price has risen in 6 of the last 10 days and is up by 1.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $1.11 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $50.32 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect POWERSHARES S&P 500 EX-RATE SENSITIVE ETF with a 90% probability to be traded between $48.53 and $50.95 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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XRLV Signals & Forecast
Mostly positive signals in the chart today. The POWERSHARES S&P 500 EX-RATE SENSITIVE 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 $49.49 and $49.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). POWERSHARES S&P 500 EX-RATE SENSITIVE has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Tuesday, July 11, 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 Tuesday, July 11, 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 S&P 500 EX-RATE SENSITIVE ETF
POWERSHARES S&P 500 EX-RATE SENSITIVE finds support from accumulated volume at $49.98 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 $0.0599 between high and low, or 0.120%. For the last week the ETF has had daily average volatility of 0.339%.
Our recommended stop-loss: $47.39 (-5.36%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (XRLV) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect POWERSHARES S&P 500 EX-RATE SENSITIVE LOW VOLATILITY PORTFOLIO S&P to open at $50.10, and during the day (based on 14 day Average True Range), to move between $49.82 and $50.34, which gives a possible trading interval of +/-$0.262 (+/-0.52%) up or down from last closing price. If POWERSHARES S&P 500 EX-RATE SENSITIVE LOW VOLATILITY PORTFOLIO S&P takes out the full calculated possible swing range there will be an estimated 1.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $49.98, some $0.100 (0.20%) from the current price of $50.08, our system finds the risk reward attractive.
Is POWERSHARES S&P 500 EX-RATE SENSITIVE LOW VOLATILITY PORTFOLIO S&P 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 S&P 500 EX-RATE SENSITIVE ETF to perform well in the short-term period.
Current score: 3.399 Buy Candidate Unchanged
Predicted Opening Price for POWERSHARES S&P 500 EX-RATE SENSITIVE LOW VOLATILITY PORTFOLIO S&P of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $50.10 ( 0.0399%) | $50.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XRLV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.16 | 0.159% |
| R2 | 50.14 | 0.114% |
| R1 | 50.12 | 0.0856% |
| Price | 50.08 | |
| S1 | 50.08 | -0.0058% |
| S2 | 50.06 | -0.0340% |
| S3 | 50.04 | -0.0797% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 50.08 | |
| S1 | 49.98 | -0.200% |
| S2 | 49.60 | -0.96% |
| S3 | 48.50 | -3.16% |
XRLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 10, 2024 | May 20, 2024 | May 24, 2024 | $0.0843 | 0.172% |
| 2 | Jan 10, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.0867 | 0.179% |
| 3 | Jan 10, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0902 | 0.183% |
| 4 | Jan 10, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.0940 | 0.192% |
| 5 | Jan 10, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.0916 | 0.192% |
FAQ
Click here for our free guide on how to buy POWERSHARES S&P 500 EX-RATE SENSITIVE LOW VOLATILITY PORTFOLIO S&P ETF.
