POWERSHARES VRI ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
POWERSHARES VRI ETF price ended at $25.06 on Wednesday, after losing 0.0199%.
(Updated on Apr 24, 2024)
The POWERSHARES VRI ETF price fell by -0.0199% on the last day (Wednesday, 24th Apr 2024) from $25.07 to $25.06. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.120% from a day low at $25.05 to a day high of $25.08. The price has risen in 5 of the last 10 days but is still down by -0.36% for this period. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 194 thousand shares were bought and sold for approximately $4.85 million.
The ETF has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $25.07 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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VRIG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The POWERSHARES VRI ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $25.14 and $25.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -0.556%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Friday, December 29, 2023 in the long-term chart.
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 Friday, December 29, 2023 in the long-term chart.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.
A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 0.150% to $25.10 within 19 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for POWERSHARES VRI ETF
POWERSHARES VRI finds support from accumulated volume at $25.06 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 $0.0300 between high and low, or 0.120%. For the last week the ETF has had daily average volatility of 0.0837%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VRIG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO to open at $25.06, and during the day (based on 14 day Average True Range), to move between $25.03 and $25.09, which gives a possible trading interval of +/-$0.0324 (+/-0.13%) 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 0.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.06 (0.02%) than the resistance at $25.13 (0.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO ETF A Buy?
POWERSHARES VRI 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 ETF.
Current score: -1.938 Sell Candidate Unchanged
Predicted Opening Price for POWERSHARES VARIABLE RATE INVESTMENT GRADE PORTFOLIO of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $25.06 ( 0.0133%) | $25.06 |
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 | 25.09 | 0.133 % | |
| R2 | 25.08 | 0.0873 % | ||
| R1 | 25.07 | 0.0590 % | ||
| Current price: | 25.06 | |||
| Support | S1 | 25.05 | -0.0324 % | |
| S2 | 25.04 | -0.0607 % | ||
| S3 | 25.03 | -0.106 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.16 | 0.399 % | |
| R2 | 25.15 | 0.359 % | ||
| R1 | 25.13 | 0.259 % | ||
| Current price | 25.06 | |||
| Support | S1 | 25.06 | -0.0200% | |
| S2 | 25.05 | -0.0399% | ||
| S3 | 25.05 | -0.0599% |
VRIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 26, 2024 | $0.134 | 0.535% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Mar 22, 2024 | $0.130 | 0.520% |
| 3 | Feb 20, 2024 | Feb 20, 2024 | Feb 23, 2024 | $0.129 | 0.516% |
| 4 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | $0.131 | 0.522% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.152 | 0.608% |
FAQ
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