iShares Edge MSCI Min Vol Global ETF Forecast
iShares Edge MSCI Min Vol Global ETF price down 0.82% on Tuesday
(Updated on Apr 30, 2024)
The iShares Edge MSCI Min Vol Global ETF price fell by -0.82% on the last day (Tuesday, 30th Apr 2024) from $103.04 to $102.20. During the last trading day the ETF fluctuated 0.578% from a day low at $102.16 to a day high of $102.75. The price has risen in 6 of the last 10 days and is up by 1.25% over the past 2 weeks. Volume has increased on the last day by 105 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 191 thousand shares were bought and sold for approximately $19.52 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Edge MSCI Min Vol Global ETF with a 90% probability to be traded between $101.55 and $106.08 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ACWV Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.25%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $102.67 and $103.53. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more 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 $101.70 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 $0.591 between high and low, or 0.578%. For the last week the ETF has had daily average volatility of 0.507%.
Our recommended stop-loss: $97.18 (-4.91%) (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 (ACWV) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect iShares Edge MSCI Min Vol Global ETF to open at $102.37, and during the day (based on 14 day Average True Range), to move between $101.53 and $102.87, which gives a possible trading interval of +/-$0.670 (+/-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 resistance from accumulated volume at $102.41 (0.21%) than the support at $101.70 (0.49%), 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 Edge MSCI Min Vol Global ETF ETF A Buy?
iShares Edge MSCI Min Vol Global holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.131 Hold/Accumulate Unchanged
Predicted Opening Price for iShares Edge MSCI Min Vol Global ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $102.37 ( 0.167%) | $102.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACWV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.96 | 0.745 % | |
| R2 | 102.74 | 0.524 % | ||
| R1 | 102.60 | 0.387 % | ||
| Current price: | 102.20 | |||
| Support | S1 | 102.14 | -0.0542 % | |
| S2 | 102.01 | -0.191 % | ||
| S3 | 101.78 | -0.411 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.97 | 2.71 % | |
| R2 | 102.89 | 0.675 % | ||
| R1 | 102.41 | 0.205 % | ||
| Current price | 102.20 | |||
| Support | S1 | 101.70 | -0.489% | |
| S2 | 101.25 | -0.93% | ||
| S3 | 100.94 | -1.23% |
ACWV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $1.56 | 1.59% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.87 | 0.89% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $1.20 | 1.28% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.87 | 0.94% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $1.13 | 1.06% |
FAQ
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