iShares MSCI All Country Asia ex Japan ETF Forecast
iShares MSCI All Country Asia ex Japan ETF upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The iShares MSCI All Country Asia ex Japan ETF price gained 0.401% on the last trading day (Thursday, 25th Apr 2024), rising from $67.41 to $67.68. It has now gained 4 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 1.30% from a day low at $66.86 to a day high of $67.73. The price has been going up and down for this period, and there has been a -1.11% loss for the last 2 weeks. Volume fell on the last day by -167 thousand shares and in total, 252 thousand shares were bought and sold for approximately $17.03 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.16% during the next 3 months and, with a 90% probability hold a price between $69.10 and $73.08 at the end of this 3-month period.
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AAXJ Signals & Forecast
The iShares MSCI All Country Asia ex Japan 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 $66.49 and $67.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.34%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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 iShares MSCI All Country Asia ex Japan ETF
iShares MSCI All Country Asia ex Japan finds support from accumulated volume at $67.52 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 $0.87 between high and low, or 1.30%. For the last week the ETF has had daily average volatility of 0.93%.
Our recommended stop-loss: $64.65 (-4.47%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AAXJ) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iShares MSCI All Country Asia ex Japan Index Fund to open at $67.42, and during the day (based on 14 day Average True Range), to move between $66.91 and $68.45, which gives a possible trading interval of +/-$0.770 (+/-1.14%) up or down from last closing price. If iShares MSCI All Country Asia ex Japan Index Fund takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $67.52 (0.24%) than the resistance at $67.97 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares MSCI All Country Asia ex Japan Index Fund ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares MSCI All Country Asia ex Japan ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.077 Buy Candidate Upgraded
Predicted Opening Price for iShares MSCI All Country Asia ex Japan Index Fund of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $67.42 ( 0.379%) | $67.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAXJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.29 | 0.91 % | |
| R2 | 67.96 | 0.415 % | ||
| R1 | 67.76 | 0.112 % | ||
| Current price: | 67.68 | |||
| Support | S1 | 67.09 | -0.87 % | |
| S2 | 66.89 | -1.17 % | ||
| S3 | 66.55 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.66 | 1.45 % | |
| R2 | 68.31 | 0.93 % | ||
| R1 | 67.97 | 0.428 % | ||
| Current price | 67.68 | |||
| Support | S1 | 67.52 | -0.236% | |
| S2 | 65.86 | -2.69% | ||
| S3 | 63.39 | -6.34% |
AAXJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.793 | 1.21% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.397 | 0.581% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.787 | 1.21% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.337 | 0.484% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $1.55 | 1.90% |
FAQ
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