iShares Global Agriculture Index ETF Forecast
Green day on Friday for iShares Global Agriculture Index
(Updated on May 31, 2024)
The iShares Global Agriculture Index ETF price gained 1.19% on the last trading day (Friday, 31st May 2024), rising from $62.09 to $62.83. During the last trading day the ETF fluctuated 0.88% from a day low at $62.28 to a day high of $62.83. The price has fallen in 6 of the last 10 days and is down by -1.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $206.27 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Global Agriculture Index ETF with a 90% probability to be traded between $62.34 and $66.21 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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COW.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.29%. Further rise is indicated until a new top pivot has been found. iShares Global Agriculture Index has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Global Agriculture Index ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $63.50. On a fall, the ETF will find some support from the short-term average at $62.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for iShares Global Agriculture Index ETF
iShares Global Agriculture Index finds support from accumulated volume at $62.44 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 $0.550 between high and low, or 0.88%. For the last week the ETF has had daily average volatility of 0.495%.
Our recommended stop-loss: $59.13 (-5.88%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (COW.TO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect iShares Global Agriculture Index ETF to open at $62.65, and during the day (based on 14 day Average True Range), to move between $62.31 and $63.35, which gives a possible trading interval of +/-$0.516 (+/-0.82%) up or down from last closing price. If iShares Global Agriculture Index ETF takes out the full calculated possible swing range there will be an estimated 1.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $62.44 (0.62%) than the resistance at $63.59 (1.21%), 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 Global Agriculture Index ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares Global Agriculture Index ETF to perform well in the short-term period.
Current score: 1.106 Buy Candidate Unchanged
Predicted Opening Price for iShares Global Agriculture Index ETF of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
$62.65 ( 0.292%) | $62.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COW.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.20 | 0.584 % | |
R2 | 62.99 | 0.249 % | ||
R1 | 62.86 | 0.0426 % | ||
Current price: | 62.83 | |||
Support | S1 | 62.44 | -0.626 % | |
S2 | 62.31 | -0.83 % | ||
S3 | 62.10 | -1.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 64.33 | 2.39 % | |
R2 | 63.62 | 1.26 % | ||
R1 | 63.59 | 1.21 % | ||
Current price | 62.83 | |||
Support | S1 | 62.44 | -0.621% | |
S2 | 62.05 | -1.24% | ||
S3 | 61.26 | -2.50% |
COW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.314 | 0.506% |
2 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | $0.690 | 1.16% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.387 | 0.561% |
4 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | $1.01 | 1.59% |
5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.430 | 0.684% |
FAQ
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