POWERSHARES KBW HIGH DIVIDEND YIELD ETF Forecast
POWERSHARES KBW HIGH DIVIDEND YIELD ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The POWERSHARES KBW HIGH DIVIDEND YIELD ETF price gained 1.18% on the last trading day (Friday, 26th Apr 2024), rising from $15.19 to $15.37. During the last trading day the ETF fluctuated 1.44% from a day low at $15.23 to a day high of $15.45. The price has risen in 7 of the last 10 days and is up by 3.57% over the past 2 weeks. Volume fell on the last day by -79 thousand shares and in total, 119 thousand shares were bought and sold for approximately $1.84 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 ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $15.46 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect POWERSHARES KBW HIGH DIVIDEND YIELD ETF with a 90% probability to be traded between $14.40 and $15.37 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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KBWD Signals & Forecast
The POWERSHARES KBW HIGH DIVIDEND YIELD ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $15.08 and $15.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.64%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 1.56% to $15.61 within 43 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for POWERSHARES KBW HIGH DIVIDEND YIELD ETF
POWERSHARES KBW HIGH DIVIDEND YIELD finds support from accumulated volume at $15.25 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 $0.220 between high and low, or 1.44%. For the last week the ETF has had daily average volatility of 1.51%.
Our recommended stop-loss: $14.73 (-4.15%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (KBWD) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect POWERSHARES KBW HIGH DIVIDEND YIELD FINANCIAL PORTFOLIO to open at $15.35, and during the day (based on 14 day Average True Range), to move between $15.13 and $15.61, which gives a possible trading interval of +/-$0.241 (+/-1.57%) up or down from last closing price. If POWERSHARES KBW HIGH DIVIDEND YIELD FINANCIAL PORTFOLIO takes out the full calculated possible swing range there will be an estimated 3.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.38 (0.07%) than the support at $15.25 (0.78%), 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 KBW HIGH DIVIDEND YIELD FINANCIAL 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 KBW HIGH DIVIDEND YIELD ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.113 Buy Candidate Upgraded
Predicted Opening Price for POWERSHARES KBW HIGH DIVIDEND YIELD FINANCIAL PORTFOLIO of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $15.35 ( 0.130%) | $15.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBWD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.57 | 1.30 % | |
| R2 | 15.49 | 0.754 % | ||
| R1 | 15.43 | 0.417 % | ||
| Current price: | 15.37 | |||
| Support | S1 | 15.27 | -0.677 % | |
| S2 | 15.21 | -1.01 % | ||
| S3 | 15.13 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.45 | 0.520 % | |
| R2 | 15.44 | 0.455 % | ||
| R1 | 15.38 | 0.0651 % | ||
| Current price | 15.37 | |||
| Support | S1 | 15.25 | -0.781% | |
| S2 | 15.08 | -1.89% | ||
| S3 | 14.76 | -3.97% |
KBWD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.150 | 0.97% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.146 | 0.97% |
| 3 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.143 | 0.96% |
| 4 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.143 | 0.90% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.140 | 0.88% |
FAQ
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