POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO Forecast and Stock Analysis
Technical PAF.L stock analysis for March 22, 2019.
|Shorts||1.48% ( 2013-01-15 )|
POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO fell by -0.88% in the last day from £9.08 to £9.00 The price has been going up and down for this period, and there has been a -3.23% loss for the last 2 weeks. Volume has increased in the last day by 392 844 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 516 203 shares bought and sold for approximately £4.65 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the PAF.L stock was £9.00. This is 0.88% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 5.89% from a day low at £9.00 to a day high of £9.53.
30 day high of the PAF.L stock price was £10.64 and low was £8.50.
90 day high was £11.00 and low was £8.50.
52 week high for the POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO - £11.00 and low - £6.50.
POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £8.69 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.09% during the next 3 months and, with 90% probability hold a price between £8.87 and £11.17 at the end of this period.
There are few to none technical positive signals at the moment. POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £9.82. On a fall, the stock will find some support from the short-term average at £8.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO finds support from accumulated volume at £8.89.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.53 between high and low, or 5.89%. For the last week, the stock has had a daily average volatility of 4.06%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO stock holds several negative signals and despite the positive trend we believe POWERSHARES FTSE RAFI ASIA PACIFIC EX-JAPAN PORTFOLIO will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.