iShares U.S. Dividend and Buyback ETF Forecast
iShares U.S. Dividend and Buyback ETF price up 0.388% on Friday
(Updated on May 10, 2024)
The iShares U.S. Dividend and Buyback ETF price gained 0.388% on the last trading day (Friday, 10th May 2024), rising from $43.85 to $44.02. It has now gained 7 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.238% from a day low at $43.95 to a day high of $44.05. The price has risen in 8 of the last 10 days and is up by 2.68% over the past 2 weeks. Volume fell on the last day by -148 thousand shares and in total, 59 thousand shares were bought and sold for approximately $2.60 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 2.44% during the next 3 months and, with a 90% probability hold a price between $43.45 and $46.12 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DIVB Signals & Forecast
Mostly positive signals in the chart today. The iShares U.S. Dividend and Buyback 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 $43.38 and $43.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.51%. 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 U.S. Dividend and Buyback ETF
iShares U.S. Dividend and Buyback finds support from accumulated volume at $43.85 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 $0.105 between high and low, or 0.238%. For the last week the ETF has had daily average volatility of 0.569%.
Since the iShares U.S. Dividend and Buyback has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $41.89 (-4.85%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (DIVB) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect iShares U.S. Dividend and Buyback ETF to open at $44.01, and during the day (based on 14 day Average True Range), to move between $43.63 and $44.41, which gives a possible trading interval of +/-$0.392 (+/-0.89%) up or down from last closing price. If iShares U.S. Dividend and Buyback ETF takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.05 (0.07%) than the support at $43.85 (0.39%), 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 U.S. Dividend and Buyback 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 U.S. Dividend and Buyback ETF to perform well in the short-term.
Current score: 2.127 Buy Candidate Unchanged
Predicted Opening Price for iShares U.S. Dividend and Buyback ETF of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$44.01 ( 0.0267%) | $44.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIVB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44.11 | 0.211 % | |
R2 | 44.07 | 0.120 % | ||
R1 | 44.05 | 0.0643 % | ||
Current price: | 44.02 | |||
Support | S1 | 43.97 | -0.118 % | |
S2 | 43.94 | -0.174 % | ||
S3 | 43.90 | -0.265 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44.50 | 1.09 % | |
R2 | 44.25 | 0.522 % | ||
R1 | 44.05 | 0.0682 % | ||
Current price | 44.02 | |||
Support | S1 | 43.85 | -0.386% | |
S2 | 43.59 | -0.98% | ||
S3 | 43.26 | -1.73% |
DIVB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.248 | 0.560% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.348 | 0.86% |
3 | Sep 25, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.387 | 1.05% |
4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.260 | 0.688% |
5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.312 | 0.85% |
FAQ
Click here for our free guide on how to buy iShares U.S. Dividend and Buyback ETF ETF.