iShares MSCI All Country Asia ex Japan ETF Forecast
Green day on Thursday for iShares MSCI All Country Asia ex Japan
(Updated on Mar 28, 2024)
The iShares MSCI All Country Asia ex Japan ETF price gained 0.311% on the last trading day (Thursday, 28th Mar 2024), rising from $67.54 to $67.75. During the last trading day the ETF fluctuated 0.473% from a day low at $67.64 to a day high of $67.96. The price has risen in 6 of the last 10 days but is still down by -0.32% for this period. Volume fell on the last day by -214 thousand shares and in total, 671 thousand shares were bought and sold for approximately $45.47 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 7.37% during the next 3 months and, with a 90% probability hold a price between $70.54 and $74.73 at the end of this 3-month period.
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AAXJ Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -1.33%. 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). 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. Also, 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 $67.66 and $66.80. A breakdown below any of these levels will issue sell signals. 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.
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 $65.86 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 $0.320 between high and low, or 0.473%. For the last week the ETF has had daily average volatility of 0.382%.
Our recommended stop-loss: $65.26 (-3.67%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (AAXJ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect iShares MSCI All Country Asia ex Japan Index Fund to open at $67.78, and during the day (based on 14 day Average True Range), to move between $67.19 and $68.31, which gives a possible trading interval of +/-$0.563 (+/-0.83%) 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 1.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $67.82 (0.10%) than the support at $65.86 (2.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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.
Current score: 1.726 Buy Candidate Unchanged
Predicted Opening Price for iShares MSCI All Country Asia ex Japan Index Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$67.78 ( 0.0492%) | $67.75 |
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 | 68.10 | 0.522 % | |
R2 | 67.98 | 0.341 % | ||
R1 | 67.91 | 0.230 % | ||
Current price: | 67.75 | |||
Support | S1 | 67.66 | -0.131 % | |
S2 | 67.59 | -0.243 % | ||
S3 | 67.46 | -0.423 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 68.66 | 1.34 % | |
R2 | 68.35 | 0.89 % | ||
R1 | 67.82 | 0.103 % | ||
Current price | 67.75 | |||
Support | S1 | 65.86 | -2.79% | |
S2 | 64.30 | -5.09% | ||
S3 | 63.39 | -6.44% |
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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