PowerShares S&P 500 High Div Low Vol ETF Forecast

Evaluation of PowerShares S&P 500 High Div Low Vol ETF downgraded after the last trading session.
(Updated on Apr 24, 2024)

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, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $42.96 and $43.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.80%. 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 $43.28 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 $0.660 between high and low, or 1.53%. For the last week the ETF has had daily average volatility of 1.14%.

Since the PowerShares S&P 500 High Div Low Vol has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $41.52 (-4.96%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (SPHD) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect PowerShares S&P 500 High Div Low VolETF to open at $43.50, and during the day (based on 14 day Average True Range), to move between $43.18 and $44.18, which gives a possible trading interval of +/-$0.497 (+/-1.14%) 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 2.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $43.78 (0.23%) than the support at $43.28 (0.92%), 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 500 High Div Low VolETF ETF A Buy?

PowerShares S&P 500 High Div Low Vol holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.199 Hold/Accumulate Downgraded

Predicted Opening Price for PowerShares S&P 500 High Div Low VolETF of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.