POWERSHARES S&P 500 EX-RATE SENSITIVE ETF Forecast

POWERSHARES S&P 500 EX-RATE SENSITIVE ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)

XRLV Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The POWERSHARES S&P 500 EX-RATE SENSITIVE ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $49.74 and $49.40. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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.

Buy

Special Signal Notification

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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, June 26, 2024 and based on theory for this formation the price should fall by -2.09% to $48.23 within 25 trading days since signal was issued (Thursday, August 01, 2024).

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 $49.12 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0239%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XRLV) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect POWERSHARES S&P 500 EX-RATE SENSITIVE LOW VOLATILITY PORTFOLIO S&P to open at $49.26, and during the day (based on 14 day Average True Range), to move between $49.01 and $49.51, which gives a possible trading interval of +/-$0.250 (+/-0.51%) 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 1.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $49.12 (0.28%) than the resistance at $49.60 (0.69%), 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 500 EX-RATE SENSITIVE LOW VOLATILITY PORTFOLIO S&P ETF A Buy?

POWERSHARES S&P 500 EX-RATE SENSITIVE holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.341 Sell Candidate Downgraded

Predicted Opening Price for POWERSHARES S&P 500 EX-RATE SENSITIVE LOW VOLATILITY PORTFOLIO S&P of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.