Technical Analysis for PHDG - PowerShares S&P 500 Downside Hedged Portfolio

Grade Last Price % Change Price Change
C 35.41 -0.16% -0.06
PHDG closed up 0.39 percent on Tuesday, April 23, 2024, on 36 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish -0.16%
Doji - Bearish? Reversal -0.16%
Gapped Up Strength -0.16%
Oversold Stochastic Weakness -0.16%
Lower Bollinger Band Walk Weakness 0.23%
Down 3 Days in a Row Weakness 0.23%
Down 4 Days in a Row Weakness 0.23%
Down 5 Days in a Row Weakness 0.23%
Oversold Stochastic Weakness 0.23%
Hammer Candlestick Bullish 0.14%

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Profile

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Invesco Powershares S&P 500 Index CBOE Technical Analysis Volatility VIX EQT Implied Volatility Bursatil Index

Top 10 Components

Symbol Grade Price % Change Allocation
MSFT D 0.32 5.61
AAPL F 1.10 4.57
NVDA B -3.31 3.87
AMZN B -1.69 3.06
META B -0.19 2.01
GOOGL A 0.76 1.67
GOOG A 0.86 1.41
BRK.A C -0.33 1.32
LLY D -1.83 1.09
AVGO D 0.61 1.05

Is PHDG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 36.9199
52 Week Low 30.4862
Average Volume 11,844
200-Day Moving Average 33.53
50-Day Moving Average 36.05
20-Day Moving Average 36.09
10-Day Moving Average 35.69
Average True Range 0.28
RSI (14) 39.02
ADX 24.6
+DI 21.96
-DI 23.70
Chandelier Exit (Long, 3 ATRs) 36.07
Chandelier Exit (Short, 3 ATRs) 36.12
Upper Bollinger Bands 37.08
Lower Bollinger Band 35.10
Percent B (%b) 0.19
BandWidth 5.50
MACD Line -0.21
MACD Signal Line -0.09
MACD Histogram -0.1236
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 35.71
Resistance 3 (R3) 35.73 35.66 35.67
Resistance 2 (R2) 35.66 35.60 35.66 35.66
Resistance 1 (R1) 35.57 35.56 35.54 35.55 35.64
Pivot Point 35.50 35.50 35.49 35.50 35.50
Support 1 (S1) 35.41 35.44 35.38 35.39 35.30
Support 2 (S2) 35.34 35.41 35.34 35.29
Support 3 (S3) 35.25 35.34 35.27
Support 4 (S4) 35.23