PowerShares S&P 500 High Div Low VolETF Forecast and Stock Analysis
Technical SPHD stock analysis for Wednesday May 22, 2019.
|Shorts||0.60% ( 2013-01-15 )|
|Price to book||USD 1.90|
|Next Earnings Date||n/a|
PowerShares S&P 500 High Div Low VolETF fell by -0.59% in the last day ( Wednesday, 22nd May 2019 ) from $42.02 to $41.77 During day the stock fluctuated 0.53% from a day low at $41.71 to a day high of $41.93. The price has been going up and down for this period, and there has been a -0.07% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -97 186 shares and in total 394 109 shares bought and sold for approximately $16.46 million.
- 30 day high of the SPHD stock price was $42.74 and low was $41.34.
- 90 day high was $43.42 and low was $41.31.
- 52 week high for the PowerShares S&P 500 High Div Low VolETF - $43.42 and low - $36.16.
PowerShares S&P 500 High Div Low VolETF is the lower part of a narrow and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $41.51 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect PowerShares S&P 500 High Div Low VolETF with 90% probability to be traded between $41.51 and $43.31 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. PowerShares S&P 500 High Div Low VolETF holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $41.92 and $42.43. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
PowerShares S&P 500 High Div Low VolETF finds support from accumulated volume at $41.60.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.22 (0.53%) between high and low. For the last week, the stock has had a daily average volatility of 0.78%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.78 %Average volatility
Very Low Low Medium High Very High
PowerShares S&P 500 High Div Low VolETF holds several negative signals and is within a narrow and 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 stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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