PowerShares S&P SmallCap Utilities ETF Forecast
Green day on Thursday for PowerShares S&P SmallCap Utilities
(Updated on Apr 18, 2024)
The PowerShares S&P SmallCap Utilities ETF price gained 0.86% on the last trading day (Thursday, 18th Apr 2024), rising from $48.43 to $48.85. During the last trading day the ETF fluctuated 0.719% from a day low at $48.68 to a day high of $49.03. The price has risen in 6 of the last 10 days but is still down by -3.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 119 more shares were traded than the day before. In total, 329 shares were bought and sold for approximately $16.07 thousand.
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 -5.01% during the next 3 months and, with a 90% probability hold a price between $45.78 and $48.88 at the end of this 3-month period.
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PSCU Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found. PowerShares S&P SmallCap Utilities has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PowerShares S&P SmallCap Utilities 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 $49.08 and $50.47. 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 S&P SmallCap Utilities ETF
PowerShares S&P SmallCap Utilities finds support from accumulated volume at $48.43 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 $0.350 between high and low, or 0.719%. For the last week the ETF has had daily average volatility of 0.611%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PSCU) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect PowerShares S&P SmallCap Utilities Portfolio to open at $48.85, and during the day (based on 14 day Average True Range), to move between $48.33 and $49.37, which gives a possible trading interval of +/-$0.521 (+/-1.07%) up or down from last closing price. If PowerShares S&P SmallCap Utilities Portfolio takes out the full calculated possible swing range there will be an estimated 2.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.43 (0.86%) than the resistance at $50.41 (3.19%), 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 S&P SmallCap Utilities Portfolio ETF A Buy?
PowerShares S&P SmallCap Utilities holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.208 Sell Candidate Unchanged
Predicted Opening Price for PowerShares S&P SmallCap Utilities Portfolio of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $48.85 ( 0.0044%) | $48.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSCU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.20 | 0.721 % | |
| R2 | 49.07 | 0.447 % | ||
| R1 | 48.99 | 0.278 % | ||
| Current price: | 48.85 | |||
| Support | S1 | 48.72 | -0.269 % | |
| S2 | 48.64 | -0.438 % | ||
| S3 | 48.50 | -0.712 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.21 | 8.92 % | |
| R2 | 50.79 | 3.97 % | ||
| R1 | 50.41 | 3.19 % | ||
| Current price | 48.85 | |||
| Support | S1 | 48.43 | -0.86% | |
| S2 | 48.28 | -1.17% | ||
| S3 | 0 | . |
PSCU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.123 | 0.245% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.272 | 0.503% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 22, 2023 | $0.378 | 0.755% |
| 4 | Sep 08, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.0250 | 0.0486% |
| 5 | Jun 19, 2023 | Mar 20, 2023 | Mar 24, 2023 | $0.191 | 0.356% |
FAQ
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