iShares MSCI Chile Capped ETF Forecast
Green day on Monday for iShares MSCI Chile Capped
(Updated on May 06, 2024)
The iShares MSCI Chile Capped ETF price gained 0.291% on the last trading day (Monday, 6th May 2024), rising from $27.53 to $27.61. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.93% from a day low at $27.47 to a day high of $28.00. The price has risen in 6 of the last 10 days and is up by 5.22% over the past 2 weeks. Volume fell on the last day by -35 thousand shares and in total, 307 thousand shares were bought and sold for approximately $8.48 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 7.70% during the next 3 months and, with a 90% probability hold a price between $28.19 and $30.75 at the end of this 3-month period.
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ECH Signals & Forecast
Mostly positive signals in the chart today. The iShares MSCI Chile Capped 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 $27.03 and $26.71. 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 7.39%. 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. The ETF had a Golden Star Signal on Tuesday, February 27, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Tuesday, February 27, 2024 in the short-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 MSCI Chile Capped ETF
iShares MSCI Chile Capped finds support from accumulated volume at $27.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.530 (1.93%) between high and low. For the last week, the ETF has had daily average volatility of 1.53%.
Our recommended stop-loss: $26.47 (-4.13%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (ECH) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect iShares MSCI Chile Capped ETF to open at $27.69, and during the day (based on 14 day Average True Range), to move between $27.08 and $28.14, which gives a possible trading interval of +/-$0.531 (+/-1.92%) up or down from last closing price. If iShares MSCI Chile Capped ETF takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.69 (0.29%) than the support at $27.19 (1.52%), 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 Chile Capped ETF ETF A Buy?
iShares MSCI Chile Capped 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: 7.270 Strong Buy Candidate Unchanged
Predicted Opening Price for iShares MSCI Chile Capped ETF of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$27.69 ( 0.302%) | $27.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.22 | 2.22 % | |
R2 | 28.02 | 1.49 % | ||
R1 | 27.90 | 1.04 % | ||
Current price: | 27.61 | |||
Support | S1 | 27.49 | -0.431 % | |
S2 | 27.37 | -0.88 % | ||
S3 | 27.16 | -1.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 27.92 | 1.12 % | ||
R1 | 27.69 | 0.290 % | ||
Current price | 27.61 | |||
Support | S1 | 27.19 | -1.52% | |
S2 | 26.57 | -3.77% | ||
S3 | 25.38 | -8.08% |
ECH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.176 | 0.643% |
2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $1.17 | 4.08% |
3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.689 | 2.71% |
4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $1.14 | 4.22% |
5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.0880 | 0.377% |
FAQ
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