PowerShares S&P SmallCap Consumer ETF Forecast
PowerShares S&P SmallCap Consumer ETF price up 1.34% on Tuesday
(Updated on Apr 23, 2024)
The PowerShares S&P SmallCap Consumer ETF price gained 1.34% on the last trading day (Tuesday, 23rd Apr 2024), rising from $35.47 to $35.95. During the last trading day the ETF fluctuated 1.52% from a day low at $35.58 to a day high of $36.12. The price has been going up and down for this period, and there has been a -1.04% loss for the last 2 weeks. Volume fell on the last day by -974 shares and in total, 7 thousand shares were bought and sold for approximately $247.73 thousand. 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 middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -7.31% during the next 3 months and, with a 90% probability hold a price between $32.06 and $33.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PSCC Signals & Forecast
There are mixed signals in the ETF today. The PowerShares S&P SmallCap Consumer ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $36.21. On a fall, the ETF will find some support from the short-term average at $35.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.39%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for PowerShares S&P SmallCap Consumer ETF
PowerShares S&P SmallCap Consumer finds support from accumulated volume at $35.27 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 controlled movements and therefore the general risk is considered 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 $0.540 between high and low, or 1.52%. For the last week the ETF has had daily average volatility of 1.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PSCC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect PowerShares S&P SmallCap Consumer Staples Portfolio to open at $35.88, and during the day (based on 14 day Average True Range), to move between $35.50 and $36.40, which gives a possible trading interval of +/-$0.446 (+/-1.24%) up or down from last closing price. If PowerShares S&P SmallCap Consumer Staples Portfolio takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.46 (1.42%) than the support at $35.27 (1.89%), 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 S&P SmallCap Consumer Staples Portfolio ETF A Buy?
PowerShares S&P SmallCap Consumer holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.838 Sell Candidate Unchanged
Predicted Opening Price for PowerShares S&P SmallCap Consumer Staples Portfolio of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $35.88 ( 0.185%) | $35.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSCC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.42 | 1.32 % | |
| R2 | 36.22 | 0.743 % | ||
| R1 | 36.09 | 0.388 % | ||
| Current price: | 35.95 | |||
| Support | S1 | 35.68 | -0.759 % | |
| S2 | 35.55 | -1.11 % | ||
| S3 | 35.34 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.90 | 2.65 % | |
| R2 | 36.70 | 2.08 % | ||
| R1 | 36.46 | 1.42 % | ||
| Current price | 35.95 | |||
| Support | S1 | 35.27 | -1.89% | |
| S2 | 34.97 | -2.72% | ||
| S3 | 34.89 | -2.96% |
PSCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.131 | 0.357% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.116 | 0.303% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.145 | 0.412% |
| 4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.151 | 0.421% |
| 5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.476 | 1.34% |
FAQ
Click here for our free guide on how to buy PowerShares S&P SmallCap Consumer Staples Portfolio ETF.
