Ishares Environmental Infrastructure And ETF Forecast
Ishares Environmental Infrastructure And ETF downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Ishares Environmental Infrastructure And ETF price fell by -0.439% on the last day (Friday, 28th Jun 2024) from $30.53 to $30.40. During the last trading day the ETF fluctuated 0% from a day low at $30.40 to a day high of $30.40. The price has fallen in 6 of the last 10 days and is down by -1.45% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -303 shares and in total, 98 shares were bought and sold for approximately $2.98 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.71% during the next 3 months and, with a 90% probability hold a price between $31.09 and $33.68 at the end of this 3-month period.
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EFRA Signals & Forecast
There are mixed signals in the ETF today. The Ishares Environmental Infrastructure And 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 $30.56 and $31.36. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.516%. 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).
Support, Risk & Stop-loss for Ishares Environmental Infrastructure And ETF
Ishares Environmental Infrastructure And finds support from accumulated volume at $30.24 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.496%
Our recommended stop-loss: $28.54 (-6.11%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (EFRA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Environmental Infrastructure And Industrials Etf to open at $30.40, and during the day (based on 14 day Average True Range), to move between $30.13 and $30.66, which gives a possible trading interval of +/-$0.267 (+/-0.88%) up or down from last closing price. If Ishares Environmental Infrastructure And Industrials Etf takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.24 (0.51%) than the resistance at $30.63 (0.77%), 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 Environmental Infrastructure And Industrials Etf ETF A Buy?
Ishares Environmental Infrastructure And 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.965 Hold/Accumulate Downgraded
Predicted Opening Price for Ishares Environmental Infrastructure And Industrials Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$30.40 ( 0%) | $30.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFRA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 30.40 | - |
R2 | 30.40 | - |
R1 | 30.40 | - |
Price | 30.40 | |
S1 | 30.40 | - |
S2 | 30.40 | - |
S3 | 30.40 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.95 | 5.13% |
R2 | 31.43 | 3.40% |
R1 | 30.63 | 0.770% |
Price | 30.40 | |
S1 | 30.24 | -0.514% |
S2 | 29.91 | -1.60% |
S3 | 29.88 | -1.70% |
EFRA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 19, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.212 | 0.723% |
2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.220 | 0.777% |
3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.0362 | 0.139% |
FAQ
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