iShares Edge MSCI Min Vol EAFE ETF Forecast
iShares Edge MSCI Min Vol EAFE ETF price up 0.274% on Tuesday
(Updated on Jul 02, 2024)
The iShares Edge MSCI Min Vol EAFE ETF price gained 0.274% on the last trading day (Tuesday, 2nd Jul 2024), rising from $69.31 to $69.50. During the last trading day the ETF fluctuated 0.521% from a day low at $69.15 to a day high of $69.51. The price has risen in 6 of the last 10 days and is up by 0.61% over the past 2 weeks. Volume fell on the last day by -54 thousand shares and in total, 210 thousand shares were bought and sold for approximately $14.59 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 is moving within a horizontal trend and further movements within this trend can 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 $69.27 and $73.38 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
There are mixed signals in the ETF today. The iShares Edge MSCI Min Vol EAFE ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $70.63. On a fall, the ETF will find some support from the short-term average at $69.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.00%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for iShares Edge MSCI Min Vol EAFE ETF
iShares Edge MSCI Min Vol EAFE finds support from accumulated volume at $69.32 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 $0.360 between high and low, or 0.521%. For the last week the ETF has had daily average volatility of 0.524%.
Our recommended stop-loss: $65.72 (-5.44%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (EFAV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect iShares Edge MSCI Min Vol EAFE ETF to open at $69.39, and during the day (based on 14 day Average True Range), to move between $68.95 and $70.05, which gives a possible trading interval of +/-$0.547 (+/-0.79%) 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 1.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $69.32 (0.26%) than the resistance at $69.82 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares Edge MSCI Min Vol EAFE ETF ETF A Buy?
iShares Edge MSCI Min Vol EAFE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.873 Hold/Accumulate Unchanged
Predicted Opening Price for iShares Edge MSCI Min Vol EAFE ETF of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$69.39 ( 0.163%) | $69.50 |
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 | 69.75 | 0.355% |
R2 | 69.61 | 0.157% |
R1 | 69.52 | 0.0348% |
Price | 69.50 | |
S1 | 69.25 | -0.361% |
S2 | 69.16 | -0.483% |
S3 | 69.03 | -0.681% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 71.65 | 3.09% |
R2 | 69.84 | 0.489% |
R1 | 69.82 | 0.460% |
Price | 69.50 | |
S1 | 69.32 | -0.259% |
S2 | 69.31 | -0.273% |
S3 | 69.19 | -0.446% |
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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