PowerShares FTSE RAFI US 1500 Small-Mid ETF Forecast
Green day on Thursday for PowerShares FTSE RAFI US 1500 Small-Mid ETF after gaining 0.138%
(Updated on Apr 18, 2024)
The PowerShares FTSE RAFI US 1500 Small-Mid ETF price gained 0.138% on the last trading day (Thursday, 18th Apr 2024), rising from $36.18 to $36.23. During the last trading day the ETF fluctuated 1.50% from a day low at $36.14 to a day high of $36.68. The price has been going up and down for this period, and there has been a -5.16% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately $2.31 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $36.20 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 4.06% during the next 3 months and, with a 90% probability hold a price between $37.67 and $41.24 at the end of this 3-month period.
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PRFZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.138%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PowerShares FTSE RAFI US 1500 Small-Mid 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 $36.92 and $38.05. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PowerShares FTSE RAFI US 1500 Small-Mid ETF
PowerShares FTSE RAFI US 1500 Small-Mid finds support from accumulated volume at $36.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.541 (1.50%) between high and low. For the last week, the ETF has had daily average volatility of 1.77%.
PowerShares FTSE RAFI US 1500 Small-Mid is oversold on RSI14 (21). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $33.87 (-6.53%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 21 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (PRFZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect PowerShares FTSE RAFI US 1500 Small-Mid Portfolio to open at $36.35, and during the day (based on 14 day Average True Range), to move between $35.63 and $36.83, which gives a possible trading interval of +/-$0.597 (+/-1.65%) up or down from last closing price. If PowerShares FTSE RAFI US 1500 Small-Mid Portfolio takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $36.21 (0.06%) than the resistance at $36.48 (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 FTSE RAFI US 1500 Small-Mid Portfolio ETF A Buy?
PowerShares FTSE RAFI US 1500 Small-Mid holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.203 Hold/Accumulate Unchanged
Predicted Opening Price for PowerShares FTSE RAFI US 1500 Small-Mid Portfolio of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $36.35 ( 0.323%) | $36.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRFZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.89 | 1.82 % | |
| R2 | 36.68 | 1.25 % | ||
| R1 | 36.55 | 0.89 % | ||
| Current price: | 36.23 | |||
| Support | S1 | 36.14 | -0.247 % | |
| S2 | 36.01 | -0.600 % | ||
| S3 | 35.81 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.21 | 5.47 % | |
| R2 | 37.03 | 2.21 % | ||
| R1 | 36.48 | 0.690 % | ||
| Current price | 36.23 | |||
| Support | S1 | 36.21 | -0.0552% | |
| S2 | 36.05 | -0.497% | ||
| S3 | 35.98 | -0.690% |
PRFZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.0861 | 0.225% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.120 | 0.320% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.143 | 0.437% |
| 4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.150 | 0.455% |
| 5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.601 | 1.90% |
FAQ
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