POWERSHARES S&P 500 EX-RATE SENSITIVE 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
POWERSHARES S&P 500 EX-RATE SENSITIVE ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
No changes to the price of POWERSHARES S&P 500 EX-RATE SENSITIVE ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $49.26 to a day high of $49.26. The price has risen in 5 of the last 10 days and is up by 0.43% over the past 2 weeks.
The ETF lies in the middle of a narrow and 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 2.06% during the next 3 months and, with a 90% probability hold a price between $49.29 and $51.60 at the end of this 3-month period.
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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.
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.
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
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $49.26 ( 0%) | $49.26 |
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 | 49.26 | - |
| R2 | 49.26 | - |
| R1 | 49.26 | - |
| Price | 49.26 | |
| S1 | 49.26 | - |
| S2 | 49.26 | - |
| S3 | 49.26 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.08 | 1.66% |
| R2 | 49.98 | 1.46% |
| R1 | 49.60 | 0.690% |
| Price | 49.26 | |
| S1 | 49.12 | -0.284% |
| S2 | 48.99 | -0.548% |
| S3 | 48.50 | -1.54% |
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.
