iShares Edge MSCI Min Vol Global ETF Forecast

Stronger technical forecast for iShares Edge MSCI Min Vol Global ETF price after Wednesday trading.
(Updated on Apr 17, 2024)

ACWV Signals & Forecast

The iShares Edge MSCI Min Vol Global ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $102.23 and $103.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.159%. 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.

Support, Risk & Stop-loss for iShares Edge MSCI Min Vol Global ETF

iShares Edge MSCI Min Vol Global finds support from accumulated volume at $101.05 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 $0.430 between high and low, or 0.426%. For the last week the ETF has had daily average volatility of 0.709%.

iShares Edge MSCI Min Vol Global is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $94.79 (-6.24%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 10 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (ACWV) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect iShares Edge MSCI Min Vol Global ETF to open at $101.10, and during the day (based on 14 day Average True Range), to move between $100.44 and $101.76, which gives a possible trading interval of +/-$0.665 (+/-0.66%) up or down from last closing price. If iShares Edge MSCI Min Vol Global ETF takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $101.05 (0.05%) than the resistance at $101.25 (0.15%), 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 Edge MSCI Min Vol Global ETF ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 2.476 Buy Candidate Upgraded

Predicted Opening Price for iShares Edge MSCI Min Vol Global ETF of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.