iShares MSCI All Country Asia ex Japan ETF Forecast
Green day on Friday for iShares MSCI All Country Asia ex Japan
(Updated on May 03, 2024)
The iShares MSCI All Country Asia ex Japan ETF price gained 0.798% on the last trading day (Friday, 3rd May 2024), rising from $70.20 to $70.76. During the last trading day the ETF fluctuated 0.712% from a day low at $70.27 to a day high of $70.77. The price has risen in 8 of the last 10 days and is up by 8.05% over the past 2 weeks. Volume fell on the last day by -123 thousand shares and in total, 268 thousand shares were bought and sold for approximately $18.97 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 has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $69.69, a level that may pose a second chance to hit a runner. According to fan-theory $73.41 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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. 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 $68.89 and $67.68. 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 8.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $68.66 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 $0.500 between high and low, or 0.712%. For the last week the ETF has had daily average volatility of 1.03%.
Our recommended stop-loss: $68.36 (-3.39%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AAXJ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect iShares MSCI All Country Asia ex Japan Index Fund to open at $70.60, and during the day (based on 14 day Average True Range), to move between $69.91 and $71.61, which gives a possible trading interval of +/-$0.85 (+/-1.20%) 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 2.40% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $68.66, some $2.10 (2.97%) from the current price of $70.76, our system finds the risk reward attractive.
Is iShares MSCI All Country Asia ex Japan Index Fund ETF A Buy?
iShares MSCI All Country Asia ex Japan holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for iShares MSCI All Country Asia ex Japan Index Fund of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$70.60 ( 0.226%) | $70.76 |
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 | 71.10 | 0.480 % | |
R2 | 70.91 | 0.211 % | ||
R1 | 70.79 | 0.0438 % | ||
Current price: | 70.76 | |||
Support | S1 | 70.41 | -0.496 % | |
S2 | 70.29 | -0.663 % | ||
S3 | 70.10 | -0.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 70.76 | |||
Support | S1 | 68.66 | -2.97% | |
S2 | 67.52 | -4.58% | ||
S3 | 65.86 | -6.92% |
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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