iShares MSCI Emerging Markets Asia Index ETF Forecast

iShares MSCI Emerging Markets Asia Index ETF upgraded to Buy Candidate

(Updated on Sep 19, 2024)

EEMA Signals & Forecast

The iShares MSCI Emerging Markets Asia Index 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 $72.38 and $71.95. A breakdown below any of these levels will issue sell signals. iShares MSCI Emerging Markets Asia Index has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, August 19, 2024, and so far it has fallen -0.216%. 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). The ETF had a Golden Star Signal on Wednesday, September 11, 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 Emerging Markets Asia Index ETF

iShares MSCI Emerging Markets Asia Index finds support from accumulated volume at $73.14 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 $0.83 between high and low, or 1.13%. For the last week the ETF has had daily average volatility of 0.81%.

Our recommended stop-loss: $70.91 (-3.97%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (EEMA) For The Upcoming Trading Day Of Friday 20th

For the upcoming trading day on Friday, 20th we expect iShares MSCI Emerging Markets Asia Index Fund to open at $73.67, and during the day (based on 14 day Average True Range), to move between $72.93 and $74.75, which gives a possible trading interval of +/-$0.91 (+/-1.23%) up or down from last closing price. If iShares MSCI Emerging Markets Asia Index Fund takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $74.00 (0.22%) than the support at $73.14 (0.95%), 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 Asia Index Fund ETF A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 2.132 Buy Candidate Upgraded

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Predicted Fair Opening Price