POWERSHARES VRI ETF Forecast
POWERSHARES VRI ETF price ended at $25.18 on Monday, after gaining 0.0397%.
(Updated on Apr 15, 2024)
The POWERSHARES VRI ETF price gained 0.0397% on the last trading day (Monday, 15th Apr 2024), rising from $25.17 to $25.18. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.0795% from a day low at $25.17 to a day high of $25.19. The price has risen in 9 of the last 10 days and is up by 0.32% 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, 416 thousand more shares were traded than the day before. In total, 991 thousand shares were bought and sold for approximately $24.95 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $25.20 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect POWERSHARES VRI ETF with a 90% probability to be traded between $25.10 and $25.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
VRIG Signals & Forecast
Mostly positive signals in the chart today. The POWERSHARES VRI 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 $25.15 and $25.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 0.539%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, December 29, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, December 29, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, December 29, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for POWERSHARES VRI ETF
POWERSHARES VRI finds support from accumulated volume at $25.16 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 $0.0200 between high and low, or 0.0795%. For the last week the ETF has had daily average volatility of 0.0954%.
Our recommended stop-loss: $23.19 (-7.90%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (VRIG) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO to open at $25.18, and during the day (based on 14 day Average True Range), to move between $25.15 and $25.21, which gives a possible trading interval of +/-$0.0270 (+/-0.11%) up or down from last closing price. If POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO takes out the full calculated possible swing range there will be an estimated 0.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $25.16, some $0.0200 (0.08%) from the current price of $25.18, our system finds the risk reward attractive.
Is POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for POWERSHARES VRI ETF to perform well in the short-term period.
Current score: 3.309 Buy Candidate Unchanged
Predicted Opening Price for POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $25.18 ( 0.00000000%) | $25.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.20 | 0.0794 % | |
| R2 | 25.19 | 0.0491 % | ||
| R1 | 25.19 | 0.0303 % | ||
| Current price: | 25.18 | |||
| Support | S1 | 25.17 | -0.0303 % | |
| S2 | 25.17 | -0.0491 % | ||
| S3 | 25.16 | -0.0794 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 25.18 | |||
| Support | S1 | 25.16 | -0.0794% | |
| S2 | 25.15 | -0.119% | ||
| S3 | 25.13 | -0.218% |
VRIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.130 | 0.520% |
| 2 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.129 | 0.516% |
| 3 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.131 | 0.522% |
| 4 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.152 | 0.608% |
| 5 | Nov 20, 2023 | Nov 20, 2023 | Nov 24, 2023 | $0.127 | 0.509% |
FAQ
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