ISHARES MSCI EMERGING MARKETS ETF Forecast

$41.08
+0.160 (+0.391%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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ISHARES MSCI EMERGING MARKETS ETF upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Loss -0.05% PDF

The ISHARES MSCI EMERGING MARKETS ETF price gained 0.391% on the last trading day (Thursday, 28th Mar 2024), rising from $40.92 to $41.08. During the last trading day the ETF fluctuated 0.427% from a day low at $41.02 to a day high of $41.20. The price has risen in 6 of the last 10 days and is up by 0.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 28 million shares were bought and sold for approximately $1.16 billion.

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 6.76% during the next 3 months and, with a 90% probability hold a price between $42.55 and $44.71 at the end of this 3-month period.

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EEM Signals & Forecast

The ISHARES MSCI EMERGING MARKETS 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 $40.98 and $40.48. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, March 12, 2024, and so far it has fallen -0.677%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for ISHARES MSCI EMERGING MARKETS ETF

ISHARES MSCI EMERGING MARKETS finds support from accumulated volume at $40.86 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 $0.175 between high and low, or 0.427%. For the last week the ETF has had daily average volatility of 0.415%.

Our recommended stop-loss: $39.43 (-4.01%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (EEM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ISHARES MSCI EMERGING MARKETS ETF to open at $41.10, and during the day (based on 14 day Average True Range), to move between $40.75 and $41.41, which gives a possible trading interval of +/-$0.329 (+/-0.80%) up or down from last closing price. If ISHARES MSCI EMERGING MARKETS ETF takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $41.10 (0.05%) than the support at $40.86 (0.54%), 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 EMERGING MARKETS 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 MSCI EMERGING MARKETS ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.641 Buy Candidate Upgraded

Predicted Opening Price for ISHARES MSCI EMERGING MARKETS ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$41.10 ( 0.0446%) $41.08

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

Trading levels for EEM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 41.27 0.471 %
R2 41.21 0.308 %
R1 41.17 0.207 %
Current price: 41.08
Support S1 41.03 -0.118 %
S2 40.99 -0.219 %
S3 40.92 -0.381 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 41.36 0.682 %
R2 41.15 0.170 %
R1 41.10 0.0487 %
Current price 41.08
Support S1 40.86 -0.536%
S2 40.21 -2.12%
S3 38.39 -6.55%

EEM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 20, 2023 Dec 20, 2023 Dec 20, 2023 $0.748 1.93%
2 Nov 28, 2022 Jun 07, 2023 Jun 13, 2023 $0.310 0.768%
3 Dec 14, 2021 Dec 13, 2022 Dec 19, 2022 $0.584 1.54%
4 Dec 14, 2021 Jun 09, 2022 Jun 15, 2022 $0.362 0.89%
5 Dec 30, 2021 Dec 30, 2021 Dec 30, 2021 $0.0260 0.0530%

FAQ

What is the symbol for ISHARES MSCI EMERGING MARKETS ETF ETF and on which exchange is it traded?
The symbol for ISHARES MSCI EMERGING MARKETS ETF is EEM and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell ISHARES MSCI EMERGING MARKETS ETF ETF?
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 MSCI EMERGING MARKETS ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy ISHARES MSCI EMERGING MARKETS ETF ETF?
ISHARES MSCI EMERGING MARKETS ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ISHARES MSCI EMERGING MARKETS ETF ETF.

What's the current price of ISHARES MSCI EMERGING MARKETS ETF ETF?
As of the end of day on the 2024-03-28, the price of an ISHARES MSCI EMERGING MARKETS ETF (EEM) share was $41.08.

What is the 52-week high and low for ISHARES MSCI EMERGING MARKETS ETF ETF?
The 52-week high for ISHARES MSCI EMERGING MARKETS ETF ETF is $42.50 and the 52-week low is $36.35.

What is the market capitalization of ISHARES MSCI EMERGING MARKETS ETF ETF?
As of the 2024-03-28, the market capitalization of ISHARES MSCI EMERGING MARKETS ETF is 30.909B.
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About ISHARES MSCI EMERGING MARKETS ETF

The investment seeks to track the investment results of the MSCI Emerging Markets Index. The fund generally invests at least 80% of its assets in the securities of its underlying index and in depositary receipts representing securities in its underlying index. The index is designed to measure equity market performance in the global emerging markets. The underlying index will include large- and mid-capitalization companies and may change over tim... EEM Profile

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