iShares MSCI Ireland ETF Forecast
Green day on Monday for iShares MSCI Ireland
(Updated on Apr 22, 2024)
The iShares MSCI Ireland ETF price gained 0.758% on the last trading day (Monday, 22nd Apr 2024), rising from $66.00 to $66.50. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.256% from a day low at $66.33 to a day high of $66.50. The price has fallen in 6 of the last 10 days and is down by -4.23% for this period. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately $209.14 thousand. 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 lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $65.89 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 10.32% during the next 3 months and, with a 90% probability hold a price between $72.69 and $77.78 at the end of this 3-month period.
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EIRL Signals & Forecast
There are few to no technical positive signals at the moment. The iShares MSCI Ireland 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 $67.99. On a fall, the ETF will find some support from the short-term average at $66.09. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -4.23%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for iShares MSCI Ireland ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $63.02 and $62.84. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, iShares MSCI Ireland finds support just below today's level at $63.02. If this is broken, then the next support from accumulated volume will be at $62.84 and $62.67.
In general the ETF tends to have controlled movements and therefore the general risk is considered 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 $0.170 between high and low, or 0.256%. For the last week the ETF has had daily average volatility of 0.291%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EIRL) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect iShares MSCI Ireland ETF to open at $66.44, and during the day (based on 14 day Average True Range), to move between $65.83 and $67.17, which gives a possible trading interval of +/-$0.672 (+/-1.01%) up or down from last closing price. If iShares MSCI Ireland ETF takes out the full calculated possible swing range there will be an estimated 2.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $67.77 (1.91%) than the support at $63.02 (5.23%), 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 MSCI Ireland ETF ETF A Buy?
The iShares MSCI Ireland ETF holds several negative signals and despite the positive trend, we believe iShares MSCI Ireland will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.191 Sell Candidate Unchanged
Predicted Opening Price for iShares MSCI Ireland ETF of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $66.44 ( 0.0852%) | $66.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EIRL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.61 | 0.170 % | |
| R2 | 66.55 | 0.0728 % | ||
| R1 | 66.51 | 0.0124 % | ||
| Current price: | 66.50 | |||
| Support | S1 | 66.38 | -0.183 % | |
| S2 | 66.34 | -0.243 % | ||
| S3 | 66.27 | -0.341 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.15 | 2.48 % | |
| R2 | 68.08 | 2.38 % | ||
| R1 | 67.77 | 1.91 % | ||
| Current price | 66.50 | |||
| Support | S1 | 63.02 | -5.23% | |
| S2 | 62.84 | -5.50% | ||
| S3 | 62.67 | -5.77% |
EIRL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.150 | 0.248% |
| 2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.459 | 0.82% |
| 3 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.518 | 1.24% |
| 4 | Dec 17, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.130 | 0.239% |
| 5 | Dec 17, 2020 | Jun 10, 2021 | Jun 16, 2021 | $0.334 | 0.571% |
FAQ
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