iShares Edge MSCI Min Vol EAFE ETF Forecast
iShares Edge MSCI Min Vol EAFE ETF price ended at $69.18 on Thursday, after losing 0.202%.
(Updated on Jun 20, 2024)
The iShares Edge MSCI Min Vol EAFE ETF price fell by -0.202% on the last day (Thursday, 20th Jun 2024) from $69.32 to $69.18. During the last trading day the ETF fluctuated 0.362% from a day low at $69.00 to a day high of $69.25. The price has been going up and down for this period, and there has been a -4.05% loss for the last 2 weeks. Volume has increased on the last day by 116 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 365 thousand shares were bought and sold for approximately $25.28 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $68.62 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect iShares Edge MSCI Min Vol EAFE ETF with a 90% probability to be traded between $69.72 and $73.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EFAV Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.377%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Edge MSCI Min Vol EAFE ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $69.34 and $70.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for iShares Edge MSCI Min Vol EAFE ETF
iShares Edge MSCI Min Vol EAFE finds support from accumulated volume at $68.63 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 $0.250 between high and low, or 0.362%. For the last week the ETF has had daily average volatility of 0.504%.
Our recommended stop-loss: $65.61 (-5.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (EFAV) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect iShares Edge MSCI Min Vol EAFE ETF to open at $69.14, and during the day (based on 14 day Average True Range), to move between $68.57 and $69.79, which gives a possible trading interval of +/-$0.609 (+/-0.88%) up or down from last closing price. If iShares Edge MSCI Min Vol EAFE ETF takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $69.32 (0.20%) than the support at $68.63 (0.80%), 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 EAFE ETF ETF A Buy?
iShares Edge MSCI Min Vol EAFE 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.
Current score: -0.580 Hold/Accumulate Unchanged
Predicted Opening Price for iShares Edge MSCI Min Vol EAFE ETF of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$69.14 ( 0.0530%) | $69.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFAV
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 69.39 | 0.308% |
R2 | 69.30 | 0.170% |
R1 | 69.24 | 0.0850% |
Price | 69.18 | |
S1 | 69.05 | -0.191% |
S2 | 68.99 | -0.276% |
S3 | 68.89 | -0.414% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 70.88 | 2.46% |
R2 | 70.76 | 2.28% |
R1 | 69.32 | 0.202% |
Price | 69.18 | |
S1 | 68.63 | -0.795% |
S2 | 68.25 | -1.34% |
S3 | 67.85 | -1.92% |
EFAV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.82 | 1.22% |
2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $1.31 | 1.94% |
3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.497 | 0.789% |
4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $1.11 | 1.78% |
5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.634 | 0.84% |
FAQ
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