iShares Asia/Pacific Dividend ETF Forecast

Green day on Monday for iShares Asia/Pacific Dividend ETF after gaining 0.0259%
(Updated on May 20, 2024)

DVYA Signals & Forecast

The iShares Asia/Pacific Dividend 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 $38.05 and $36.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.96%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Wednesday, August 30, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for iShares Asia/Pacific Dividend ETF

iShares Asia/Pacific Dividend finds support from accumulated volume at $36.73 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.0599 between high and low, or 0.155%. For the last week the ETF has had daily average volatility of 0.492%.

The iShares Asia/Pacific Dividend ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs. Since the iShares Asia/Pacific Dividend has been rising for 8 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: $37.57 (-2.76%) (This ETF has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 51 days ago.)

Trading Expectations (DVYA) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect iShares Asia/Pacific Dividend ETF to open at $38.63, and during the day (based on 14 day Average True Range), to move between $38.33 and $38.95, which gives a possible trading interval of +/-$0.306 (+/-0.79%) up or down from last closing price. If iShares Asia/Pacific Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $36.73, some $1.91 (4.94%) from the current price of $38.64, our system finds the risk reward attractive.

Is iShares Asia/Pacific Dividend ETF ETF A Buy?

iShares Asia/Pacific Dividend holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.066 Strong Buy Candidate Unchanged

Predicted Opening Price for iShares Asia/Pacific Dividend ETF of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.