Previous Hold Today VRIG ranks #2437 as HOLD CANDIDATE. Next Hold
Today VRIG ranks #2437 as HOLD CANDIDATE.

VRIG stock POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO

VRIG stock
POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO

18 January 2019
Change -0.08%
Chart period: 2018-10-19 - 2019-01-18
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO Stock Analysis

Technical stock analysis for 18 January 2019

Hold candidate since 2019-01-15 Gain 0.04%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.05
ROA n/a

POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO fell by -0.08% in the last day from $24.79 to $24.77 The price has risen in 6 of the last 10 days and is up by 0.41% over the past 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 -11 061 shares and in total 47 667 shares bought and sold for approximately $1.18 million.

Close price at the end of the last trading day (Friday, 18th Jan 2019) of the VRIG stock was $24.77. This is 0.08% less than the trading day before Thursday, 17th Jan 2019.

During day the stock fluctuated 0.15% from a day low at $24.77 to a day high of $24.81.

30 day high of the VRIG stock price was $24.81 and low was $24.56.
90 day high was $25.08 and low was $24.56.
52 week high for the POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO - $25.29 and low - $24.56.

Trend

POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO is the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $24.78 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO with 90% probability to be traded between $24.04 and $24.32 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.

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Signals

POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO holds buy signals from both short- and long-term moving averages. In addition, 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 $24.75 and $24.74. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday December 28, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO finds support from accumulated volume at $24.67.

Support: $24.67 Price: $24.77 Resistance: $24.89

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $23.43 (-5.41%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from pivot bottom found 14 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Previous Hold Today VRIG ranks #2437 as HOLD CANDIDATE. Next Hold
Today VRIG ranks #2437 as HOLD CANDIDATE.