PowerShares Global Agriculture Portfolio ETF Forecast

Red day on Wednesday for PowerShares Global Agriculture Portfolio ETF after losing 0%
(Updated on Mar 13, 2019)

PAGG Signals & Forecast

There are mixed signals in the ETF today. The PowerShares Global Agriculture Portfolio ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.36 and $25.38. 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. A buy signal was issued from a pivot bottom point on Monday, February 11, 2019, and so far it has risen 1.42%. 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).

Support, Risk & Stop-loss for PowerShares Global Agriculture Portfolio ETF

PowerShares Global Agriculture Portfolio finds support from accumulated volume at $25.33 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%

Our recommended stop-loss: $23.85 (-5.97%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (PAGG) For The Upcoming Trading Day Of Thursday 14th

For the upcoming trading day on Thursday, 14th we expect PowerShares Global Agriculture Portfolio to open at $25.36, and during the day (based on 14 day Average True Range), to move between $25.30 and $25.42, which gives a possible trading interval of +/-$0.0595 (+/-0.23%) up or down from last closing price. If PowerShares Global Agriculture Portfolio takes out the full calculated possible swing range there will be an estimated 0.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.37 (0.03%) than the support at $25.33 (0.13%), 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 Global Agriculture Portfolio ETF A Buy?

PowerShares Global Agriculture Portfolio holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.510 Hold/Accumulate Unchanged

Predicted Opening Price for PowerShares Global Agriculture Portfolio of Thursday, March 14, 2019

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