iShares Edge MSCI Min Vol Emerging ETF Forecast

iShares Edge MSCI Min Vol Emerging ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 24, 2024)

EEMV Signals & Forecast

The iShares Edge MSCI Min Vol Emerging ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $57.78. On a fall, the ETF will find some support from the long-term average at approximately $56.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 Friday, May 17, 2024, and so far it has fallen -1.12%. 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 Friday, April 05, 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 Edge MSCI Min Vol Emerging ETF

iShares Edge MSCI Min Vol Emerging finds support from accumulated volume at $56.74 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 $0.100 between high and low, or 0.174%. For the last week the ETF has had daily average volatility of 0.477%.

Our recommended stop-loss: $55.42 (-3.52%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (EEMV) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect iShares Edge MSCI Min Vol Emerging Markets ETF to open at $57.43, and during the day (based on 14 day Average True Range), to move between $57.12 and $57.76, which gives a possible trading interval of +/-$0.318 (+/-0.55%) up or down from last closing price. If iShares Edge MSCI Min Vol Emerging Markets ETF takes out the full calculated possible swing range there will be an estimated 1.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $57.45 (0.02%) than the support at $56.74 (1.22%), 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 Edge MSCI Min Vol Emerging Markets ETF ETF A Buy?

iShares Edge MSCI Min Vol Emerging holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.123 Hold/Accumulate Upgraded

Predicted Opening Price for iShares Edge MSCI Min Vol Emerging Markets ETF of Tuesday, May 28, 2024

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