iShares Emerging Markets Dividend ETF Forecast

iShares Emerging Markets Dividend ETF price up 0.429% on Thursday
(Updated on May 09, 2024)

DVYE Signals & Forecast

Mostly positive signals in the chart today. The iShares Emerging Markets 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 $27.84 and $26.75. 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 7.50%. 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 is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Monday, August 28, 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.

Buy

Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Monday, August 28, 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 with a target of $27.13. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.

Support, Risk & Stop-loss for iShares Emerging Markets Dividend ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $26.66 and $26.57. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, iShares Emerging Markets Dividend finds support just below today's level at $26.66. If this is broken, then the next support from accumulated volume will be at $26.57 and $26.16.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.263 (0.94%) between high and low. For the last week, the ETF has had daily average volatility of 0.721%.

The iShares Emerging Markets Dividend ETF is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.

Our recommended stop-loss: $26.71 (-4.93%) (This ETF has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (DVYE) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect iShares Emerging Markets Dividend ETF to open at $28.09, and during the day (based on 14 day Average True Range), to move between $27.79 and $28.39, which gives a possible trading interval of +/-$0.297 (+/-1.06%) up or down from last closing price. If iShares Emerging Markets Dividend ETF takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $26.66, some $1.43 (5.09%) from the current price of $28.09, our system finds the risk reward attractive.

Is iShares Emerging Markets Dividend ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for iShares Emerging Markets Dividend ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.

Current score: 4.629 Buy Candidate Unchanged

Predicted Opening Price for iShares Emerging Markets Dividend ETF of Friday, May 10, 2024

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