iShares Core Aggressive Allocation ETF Forecast
Weaker technical forecast for iShares Core Aggressive Allocation as ETF downgraded to Buy Candidate.
(Updated on Mar 28, 2024)
The iShares Core Aggressive Allocation ETF price fell by -0.0544% on the last day (Thursday, 28th Mar 2024) from $73.50 to $73.46. During the last trading day the ETF fluctuated 0.264% from a day low at $73.33 to a day high of $73.53. The price has been going up and down for this period, and there has been a 1.49% gain for the last 2 weeks. Volume has increased on the last day by 35 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, 95 thousand shares were bought and sold for approximately $7.00 million.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $73.59 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 8.21% during the next 3 months and, with a 90% probability hold a price between $78.27 and $79.63 at the end of this 3-month period.
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AOA Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.0544%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The iShares Core Aggressive Allocation 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 $73.21 and $71.78. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for iShares Core Aggressive Allocation ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $68.71 and $68.67. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, iShares Core Aggressive Allocation finds support just below today's level at $68.71. If this is broken, then the next support from accumulated volume will be at $68.67 and $68.58.
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 $0.194 between high and low, or 0.264%. For the last week the ETF has had daily average volatility of 0.434%.
Our recommended stop-loss: $71.46 (-2.72%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AOA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect iShares Core Aggressive Allocation ETF to open at $73.44, and during the day (based on 14 day Average True Range), to move between $73.00 and $73.92, which gives a possible trading interval of +/-$0.464 (+/-0.63%) up or down from last closing price. If iShares Core Aggressive Allocation ETF takes out the full calculated possible swing range there will be an estimated 1.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $73.50 (0.05%) than the support at $68.71 (6.47%), 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 Core Aggressive Allocation ETF 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 Core Aggressive Allocation ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.448 Buy Candidate Downgraded
Predicted Opening Price for iShares Core Aggressive Allocation ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$73.44 ( 0.0289%) | $73.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 73.63 | 0.235 % | |
R2 | 73.56 | 0.134 % | ||
R1 | 73.51 | 0.0718 % | ||
Current price: | 73.46 | |||
Support | S1 | 73.36 | -0.130 % | |
S2 | 73.32 | -0.192 % | ||
S3 | 73.24 | -0.293 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 73.50 | 0.0545 % | ||
Current price | 73.46 | |||
Support | S1 | 68.71 | -6.47% | |
S2 | 68.67 | -6.52% | ||
S3 | 68.58 | -6.64% |
AOA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.627 | 0.91% |
2 | Nov 25, 2022 | Oct 03, 2023 | Oct 10, 2023 | $0.225 | 0.353% |
3 | Nov 25, 2022 | Jul 05, 2023 | Jul 11, 2023 | $0.499 | 0.760% |
4 | Nov 25, 2022 | Apr 04, 2023 | Apr 10, 2023 | $0.184 | 0.290% |
5 | Dec 14, 2021 | Dec 23, 2022 | Dec 30, 2022 | $0.379 | 0.634% |
FAQ
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