iShares MSCI EAFE Growth ETF Forecast
Weaker technical forecast for iShares MSCI EAFE Growth as ETF downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The iShares MSCI EAFE Growth ETF price fell by -0.224% on the last day (Friday, 28th Jun 2024) from $102.53 to $102.30. During the last trading day the ETF fluctuated 0.90% from a day low at $101.86 to a day high of $102.78. The price has been going up and down for this period, and there has been a -1.21% loss for the last 2 weeks. Volume has increased on the last day by 14 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, 593 thousand shares were bought and sold for approximately $60.63 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.08% during the next 3 months and, with a 90% probability hold a price between $104.52 and $111.64 at the end of this 3-month period.
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EFG Signals & Forecast
There are few to no technical positive signals at the moment. The iShares MSCI EAFE Growth 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 $102.59 and $103.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.72%. 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). 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 MSCI EAFE Growth ETF
iShares MSCI EAFE Growth finds support from accumulated volume at $102.27 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 $0.92 between high and low, or 0.90%. For the last week the ETF has had daily average volatility of 0.704%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EFG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect iShares MSCI EAFE Growth ETF to open at $102.31, and during the day (based on 14 day Average True Range), to move between $101.19 and $103.41, which gives a possible trading interval of +/-$1.11 (+/-1.09%) up or down from last closing price. If iShares MSCI EAFE Growth ETF takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $102.27 (0.03%) than the resistance at $103.52 (1.19%), 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 MSCI EAFE Growth ETF ETF A Buy?
The iShares MSCI EAFE Growth ETF holds several negative signals and despite the positive trend, we believe iShares MSCI EAFE Growth will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.388 Sell Candidate Downgraded
Predicted Opening Price for iShares MSCI EAFE Growth ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $102.31 ( 0.0130%) | $102.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.23 | 0.91% |
| R2 | 102.88 | 0.569% |
| R1 | 102.66 | 0.357% |
| Price | 102.30 | |
| S1 | 101.96 | -0.331% |
| S2 | 101.74 | -0.543% |
| S3 | 101.39 | -0.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 106.25 | 3.86% |
| R2 | 105.19 | 2.83% |
| R1 | 103.52 | 1.19% |
| Price | 102.30 | |
| S1 | 102.27 | -0.0293% |
| S2 | 102.25 | -0.0489% |
| S3 | 98.10 | -4.11% |
EFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.656 | 0.695% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.92 | 0.96% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.180 | 0.214% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.88 | 1.10% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.125 | 0.115% |
FAQ
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