iShares MSCI Emerging Markets Asia Index ETF Forecast
Green day on Wednesday for iShares MSCI Emerging Markets Asia Index ETF after gaining 0.788%
(Updated on Apr 24, 2024)
The iShares MSCI Emerging Markets Asia Index ETF price gained 0.788% on the last trading day (Wednesday, 24th Apr 2024), rising from $67.24 to $67.77. 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 0.689% from a day low at $67.46 to a day high of $67.93. The price has been going up and down for this period, and there has been a -0.98% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 55 thousand shares were bought and sold for approximately $3.75 million.
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 6.88% during the next 3 months and, with a 90% probability hold a price between $70.55 and $75.16 at the end of this 3-month period.
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EEMA Signals & Forecast
There are mixed signals in the ETF today. The iShares MSCI Emerging Markets Asia Index ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $67.84. On a fall, the ETF will find some support from the short-term average at $66.54. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -2.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell 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.
Support, Risk & Stop-loss for iShares MSCI Emerging Markets Asia Index ETF
iShares MSCI Emerging Markets Asia Index finds support from accumulated volume at $67.42 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 $0.465 between high and low, or 0.689%. For the last week the ETF has had daily average volatility of 0.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EEMA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect iShares MSCI Emerging Markets Asia Index Fund to open at $67.72, and during the day (based on 14 day Average True Range), to move between $66.97 and $68.57, which gives a possible trading interval of +/-$0.80 (+/-1.18%) up or down from last closing price. If iShares MSCI Emerging Markets Asia Index Fund takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $67.42 (0.52%) than the resistance at $68.43 (0.97%), 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 Emerging Markets Asia Index Fund ETF A Buy?
iShares MSCI Emerging Markets Asia Index holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.827 Sell Candidate Unchanged
Predicted Opening Price for iShares MSCI Emerging Markets Asia Index Fund of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$67.72 ( 0.0762%) | $67.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EEMA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 68.18 | 0.610 % | |
R2 | 68.01 | 0.348 % | ||
R1 | 67.90 | 0.186 % | ||
Current price: | 67.77 | |||
Support | S1 | 67.54 | -0.338 % | |
S2 | 67.43 | -0.500 % | ||
S3 | 67.25 | -0.762 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 68.73 | 1.42 % | |
R2 | 68.58 | 1.20 % | ||
R1 | 68.43 | 0.97 % | ||
Current price | 67.77 | |||
Support | S1 | 67.42 | -0.516% | |
S2 | 66.85 | -1.36% | ||
S3 | 64.95 | -4.16% |
EEMA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.629 | 0.96% |
2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.314 | 0.467% |
3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.785 | 1.24% |
4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.345 | 0.502% |
5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $1.68 | 2.07% |
FAQ
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