PowerShares International BuyBack ETF Forecast
PowerShares International BuyBack ETF price ended at $38.73 on Wednesday, after gaining 0.571%.
(Updated on Apr 17, 2024)
The PowerShares International BuyBack ETF price gained 0.571% on the last trading day (Wednesday, 17th Apr 2024), rising from $38.51 to $38.73. During the last trading day the ETF fluctuated 0.84% from a day low at $38.58 to a day high of $38.90. The price has fallen in 7 of the last 10 days and is down by -3.54% for this period. Volume fell on the last day by -7 thousand shares and in total, 27 thousand shares were bought and sold for approximately $1.04 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 lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $38.58 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 11.80% during the next 3 months and, with a 90% probability hold a price between $43.13 and $45.80 at the end of this 3-month period.
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IPKW Signals & Forecast
There are few to no technical positive signals at the moment. The PowerShares International BuyBack 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 $39.39 and $39.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -4.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Wednesday, June 28, 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 Wednesday, June 28, 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 International BuyBack ETF
PowerShares International BuyBack finds support from accumulated volume at $38.51 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 $0.325 between high and low, or 0.84%. For the last week the ETF has had daily average volatility of 1.03%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPKW) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect PowerShares International BuyBack Achievers Portfolio to open at $38.73, and during the day (based on 14 day Average True Range), to move between $38.34 and $39.12, which gives a possible trading interval of +/-$0.386 (+/-1.00%) up or down from last closing price. If PowerShares International BuyBack Achievers Portfolio takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.51 (0.57%) than the resistance at $40.03 (3.34%), 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 International BuyBack Achievers Portfolio ETF A Buy?
The PowerShares International BuyBack ETF holds several negative signals and despite the positive trend, we believe PowerShares International BuyBack will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.037 Sell Candidate Unchanged
Predicted Opening Price for PowerShares International BuyBack Achievers Portfolio of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $38.73 ( 0.0128%) | $38.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPKW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.06 | 0.85 % | |
| R2 | 38.94 | 0.531 % | ||
| R1 | 38.86 | 0.333 % | ||
| Current price: | 38.73 | |||
| Support | S1 | 38.61 | -0.308 % | |
| S2 | 38.53 | -0.506 % | ||
| S3 | 38.41 | -0.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.48 | 4.52 % | |
| R2 | 40.36 | 4.21 % | ||
| R1 | 40.03 | 3.34 % | ||
| Current price | 38.73 | |||
| Support | S1 | 38.51 | -0.568% | |
| S2 | 37.90 | -2.13% | ||
| S3 | 36.41 | -5.99% |
IPKW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.372 | 0.95% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.163 | 0.438% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.226 | 0.643% |
| 4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.198 | 0.584% |
| 5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.410 | 1.25% |
FAQ
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