PowerShares S&P 500 High Div Low Vol ETF Forecast
Green day on Wednesday for PowerShares S&P 500 High Div Low Vol
(Updated on Mar 27, 2024)
The PowerShares S&P 500 High Div Low Vol ETF price gained 2.06% on the last trading day (Wednesday, 27th Mar 2024), rising from $43.24 to $44.13. During the last trading day the ETF fluctuated 1.49% from a day low at $43.48 to a day high of $44.13. The price has risen in 6 of the last 10 days and is up by 1.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 478 thousand shares were bought and sold for approximately $21.09 million.
The ETF has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $43.05, a level that may pose a second chance to hit a runner. According to fan-theory $44.43 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SPHD Signals & Forecast
The PowerShares S&P 500 High Div Low Vol ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $43.64 and $42.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 7.24%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PowerShares S&P 500 High Div Low Vol ETF
PowerShares S&P 500 High Div Low Vol finds support from accumulated volume at $42.34 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 $0.650 between high and low, or 1.49%. For the last week the ETF has had daily average volatility of 0.98%.
Our recommended stop-loss: $42.26 (-4.23%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (SPHD) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect PowerShares S&P 500 High Div Low VolETF to open at $43.91, and during the day (based on 14 day Average True Range), to move between $43.68 and $44.58, which gives a possible trading interval of +/-$0.450 (+/-1.02%) up or down from last closing price. If PowerShares S&P 500 High Div Low VolETF takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $42.34, some $1.79 (4.06%) from the current price of $44.13, our system finds the risk reward attractive.
Is PowerShares S&P 500 High Div Low VolETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for PowerShares S&P 500 High Div Low Vol ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.
Current score: 4.014 Buy Candidate Unchanged
Predicted Opening Price for PowerShares S&P 500 High Div Low VolETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$43.91 ( 0.491%) | $44.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPHD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44.56 | 0.98 % | |
R2 | 44.32 | 0.419 % | ||
R1 | 44.16 | 0.0717 % | ||
Current price: | 44.13 | |||
Support | S1 | 43.67 | -1.05 % | |
S2 | 43.51 | -1.40 % | ||
S3 | 43.26 | -1.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 44.13 | |||
Support | S1 | 42.34 | -4.06% | |
S2 | 41.96 | -4.92% | ||
S3 | 41.15 | -6.75% |
SPHD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.134 | 0.308% |
2 | Jan 05, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.145 | 0.342% |
3 | Jan 05, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.153 | 0.361% |
4 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.169 | 0.402% |
5 | Nov 20, 2023 | Nov 20, 2023 | Nov 20, 2023 | $0.164 | 0.414% |
FAQ
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