iShares Edge MSCI Min Vol EAFE ETF Forecast
Green day on Friday for iShares Edge MSCI Min Vol EAFE
(Updated on May 03, 2024)
The iShares Edge MSCI Min Vol EAFE ETF price gained 0.643% on the last trading day (Friday, 3rd May 2024), rising from $70.02 to $70.47. During the last trading day the ETF fluctuated 0.584% from a day low at $70.21 to a day high of $70.62. The price has risen in 6 of the last 10 days and is up by 3.25% over the past 2 weeks. Volume fell on the last day by -112 thousand shares and in total, 381 thousand shares were bought and sold for approximately $26.84 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 $68.34 and $71.80 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
Mostly positive signals in the chart today. The iShares Edge MSCI Min Vol EAFE ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $69.65 and $69.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $69.71 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 $0.410 between high and low, or 0.584%. For the last week the ETF has had daily average volatility of 0.746%.
Our recommended stop-loss: $67.34 (-4.44%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (EFAV) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect iShares Edge MSCI Min Vol EAFE ETF to open at $70.43, and during the day (based on 14 day Average True Range), to move between $69.87 and $71.07, which gives a possible trading interval of +/-$0.600 (+/-0.85%) 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 1.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $70.76 (0.41%) than the support at $69.71 (1.08%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares Edge MSCI Min Vol EAFE ETF to perform well in the short-term period.
Current score: 2.089 Buy Candidate Unchanged
Predicted Opening Price for iShares Edge MSCI Min Vol EAFE ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $70.43 ( 0.0520%) | $70.47 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 70.84 | 0.530 % | |
| R2 | 70.69 | 0.308 % | ||
| R1 | 70.59 | 0.170 % | ||
| Current price: | 70.47 | |||
| Support | S1 | 70.28 | -0.274 % | |
| S2 | 70.18 | -0.412 % | ||
| S3 | 70.02 | -0.634 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.98 | 0.724 % | |
| R2 | 70.88 | 0.582 % | ||
| R1 | 70.76 | 0.412 % | ||
| Current price | 70.47 | |||
| Support | S1 | 69.71 | -1.08% | |
| S2 | 68.25 | -3.15% | ||
| S3 | 67.97 | -3.55% |
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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