iShares MSCI KLD 400 Social ETF Forecast
Evaluation of iShares MSCI KLD 400 Social ETF downgraded after the last trading session.
(Updated on May 16, 2024)
The iShares MSCI KLD 400 Social ETF price fell by -0.0693% on the last day (Thursday, 16th May 2024) from $101.03 to $100.96. During the last trading day the ETF fluctuated 0.456% from a day low at $100.92 to a day high of $101.38. The price has risen in 6 of the last 10 days and is up by 4.64% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -31 thousand shares and in total, 64 thousand shares were bought and sold for approximately $6.51 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $101.03 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares MSCI KLD 400 Social ETF with a 90% probability to be traded between $94.51 and $101.23 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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DSI Signals & Forecast
The iShares MSCI KLD 400 Social 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 $99.64 and $98.04. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.0693%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -12.32% to $88.52 within 33 trading days since signal was issued (Friday, May 17, 2024).
Support, Risk & Stop-loss for iShares MSCI KLD 400 Social ETF
iShares MSCI KLD 400 Social finds support from accumulated volume at $99.20 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 $0.460 between high and low, or 0.456%. For the last week the ETF has had daily average volatility of 0.592%.
Our recommended stop-loss: $97.30 (-3.63%) (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 (DSI) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect iShares MSCI KLD 400 Social ETF to open at $101.09, and during the day (based on 14 day Average True Range), to move between $99.98 and $101.94, which gives a possible trading interval of +/-$0.98 (+/-0.97%) up or down from last closing price. If iShares MSCI KLD 400 Social ETF takes out the full calculated possible swing range there will be an estimated 1.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $101.03 (0.07%) than the support at $99.20 (1.74%), 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 MSCI KLD 400 Social 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 MSCI KLD 400 Social ETF to perform well in the short-term period. 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: 3.873 Buy Candidate Downgraded
Predicted Opening Price for iShares MSCI KLD 400 Social ETF of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $101.09 ( 0.125%) | $100.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.55 | 0.581 % | |
| R2 | 101.37 | 0.407 % | ||
| R1 | 101.26 | 0.300 % | ||
| Current price: | 100.96 | |||
| Support | S1 | 100.91 | -0.0486 % | |
| S2 | 100.80 | -0.156 % | ||
| S3 | 100.63 | -0.330 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 101.03 | 0.0693 % | ||
| Current price | 100.96 | |||
| Support | S1 | 99.20 | -1.74% | |
| S2 | 99.18 | -1.76% | ||
| S3 | 96.29 | -4.63% |
DSI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 28, 2023 | Mar 21, 2024 | Mar 27, 2024 | $0.247 | 0.245% |
| 2 | Nov 25, 2022 | Dec 20, 2023 | Dec 27, 2023 | $0.313 | 0.343% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.316 | 0.388% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.188 | 0.227% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.263 | 0.344% |
FAQ
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