iShares MSCI ACWI ex US Index Fund ETF Forecast
iShares MSCI ACWI ex US Index Fund ETF upgraded to Buy Candidate.
(Updated on May 02, 2024)
The iShares MSCI ACWI ex US Index Fund ETF price gained 1.71% on the last trading day (Thursday, 2nd May 2024), rising from $52.03 to $52.92. During the last trading day the ETF fluctuated 1.22% from a day low at $52.38 to a day high of $53.02. The price has been going up and down for this period, and there has been a 3.38% gain for the last 2 weeks. Volume fell on the last day by -223 thousand shares and in total, 957 thousand shares were bought and sold for approximately $50.67 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 2.92% during the next 3 months and, with a 90% probability hold a price between $52.89 and $55.69 at the end of this 3-month period.
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ACWX Signals & Forecast
Mostly positive signals in the chart today. The iShares MSCI ACWI ex US Index Fund ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $52.38 and $52.62. 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 3.44%. 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 ACWI ex US Index Fund ETF
iShares MSCI ACWI ex US Index Fund finds support from accumulated volume at $52.91 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 $0.640 between high and low, or 1.22%. For the last week the ETF has had daily average volatility of 0.93%.
Our recommended stop-loss: $50.53 (-4.52%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (ACWX) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect iShares MSCI ACWI ex US Index Fund to open at $52.77, and during the day (based on 14 day Average True Range), to move between $52.34 and $53.50, which gives a possible trading interval of +/-$0.576 (+/-1.09%) up or down from last closing price. If iShares MSCI ACWI ex US Index Fund takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.91 (0.02%) than the resistance at $53.06 (0.26%), 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 ACWI ex US 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 ACWI ex US Index Fund ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.907 Buy Candidate Upgraded
Predicted Opening Price for iShares MSCI ACWI ex US Index Fund of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $52.77 ( 0.277%) | $52.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACWX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.41 | 0.93 % | |
| R2 | 53.17 | 0.470 % | ||
| R1 | 53.02 | 0.185 % | ||
| Current price: | 52.92 | |||
| Support | S1 | 52.53 | -0.739 % | |
| S2 | 52.38 | -1.02 % | ||
| S3 | 52.13 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.53 | 1.15 % | |
| R2 | 53.39 | 0.89 % | ||
| R1 | 53.06 | 0.265 % | ||
| Current price | 52.92 | |||
| Support | S1 | 52.91 | -0.0189% | |
| S2 | 52.82 | -0.189% | ||
| S3 | 51.20 | -3.25% |
ACWX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.714 | 1.40% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.798 | 1.61% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.382 | 0.84% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.84 | 1.83% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.0850 | 0.153% |
FAQ
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