iShares Commodities Select Strategy ETF Forecast
iShares Commodities Select Strategy ETF price ended at $27.11 on Tuesday, after gaining 0.111%.
(Updated on May 07, 2024)
The iShares Commodities Select Strategy ETF price gained 0.111% on the last trading day (Tuesday, 7th May 2024), rising from $27.08 to $27.11. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.722% from a day low at $26.99 to a day high of $27.19. The price has risen in 7 of the last 10 days but is still down by -1.88% for this period. Volume fell on the last day by -14 thousand shares and in total, 108 thousand shares were bought and sold for approximately $2.94 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.98 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 9.06% during the next 3 months and, with a 90% probability hold a price between $29.42 and $31.37 at the end of this 3-month period.
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COMT Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Commodities Select Strategy 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 $27.12 and $27.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -2.83%. 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).
Support, Risk & Stop-loss for iShares Commodities Select Strategy ETF
iShares Commodities Select Strategy finds support from accumulated volume at $26.88 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 $0.195 between high and low, or 0.722%. For the last week the ETF has had daily average volatility of 0.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COMT) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect iShares Commodities Select Strategy ETF to open at $27.10, and during the day (based on 14 day Average True Range), to move between $26.83 and $27.39, which gives a possible trading interval of +/-$0.280 (+/-1.03%) up or down from last closing price. If iShares Commodities Select Strategy ETF takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.88 (0.85%) than the resistance at $27.69 (2.14%), 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 Commodities Select Strategy ETF ETF A Buy?
The iShares Commodities Select Strategy ETF holds several negative signals and despite the positive trend, we believe iShares Commodities Select Strategy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.601 Sell Candidate Unchanged
Predicted Opening Price for iShares Commodities Select Strategy ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $27.10 ( 0.0553%) | $27.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COMT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.29 | 0.664 % | |
| R2 | 27.22 | 0.389 % | ||
| R1 | 27.17 | 0.219 % | ||
| Current price: | 27.11 | |||
| Support | S1 | 27.02 | -0.330 % | |
| S2 | 26.97 | -0.500 % | ||
| S3 | 26.90 | -0.775 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.81 | 2.58 % | |
| R2 | 27.76 | 2.40 % | ||
| R1 | 27.69 | 2.14 % | ||
| Current price | 27.11 | |||
| Support | S1 | 26.88 | -0.85% | |
| S2 | 25.89 | -4.50% | ||
| S3 | 25.67 | -5.31% |
COMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $1.30 | 5.11% |
| 2 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $8.40 | 30.74% |
| 3 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $5.49 | 18.49% |
| 4 | Dec 14, 2020 | Dec 14, 2020 | Dec 18, 2020 | $0.0960 | 0.359% |
| 5 | Dec 16, 2019 | Dec 16, 2019 | Dec 20, 2019 | $0.86 | 2.64% |
FAQ
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