ISHARES MSCI ISRAEL ETF Forecast
Red day on Friday for ISHARES MSCI ISRAEL ETF after losing 0.549%
(Updated on Jun 21, 2024)
The ISHARES MSCI ISRAEL ETF price fell by -0.549% on the last day (Friday, 21st Jun 2024) from $60.08 to $59.75. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.537% from a day low at $59.63 to a day high of $59.95. The price has fallen in 6 of the last 10 days and is down by -1.24% 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 -3 thousand shares and in total, 18 thousand shares were bought and sold for approximately $1.08 million.
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 MSCI ISRAEL ETF with a 90% probability to be traded between $57.02 and $62.52 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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EIS Signals & Forecast
There are few to no technical positive signals at the moment. The ISHARES MSCI ISRAEL 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 $60.75 and $61.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -5.16%. 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 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 ETF had a Golden Star Signal on Thursday, May 02, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for ISHARES MSCI ISRAEL ETF
ISHARES MSCI ISRAEL finds support from accumulated volume at $59.54 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 $0.320 between high and low, or 0.537%. For the last week the ETF has had daily average volatility of 0.570%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EIS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect ISHARES MSCI ISRAEL ETF to open at $59.78, and during the day (based on 14 day Average True Range), to move between $59.07 and $60.43, which gives a possible trading interval of +/-$0.684 (+/-1.15%) up or down from last closing price. If ISHARES MSCI ISRAEL ETF takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $59.54 (0.36%) than the resistance at $59.97 (0.37%), 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 ISRAEL ETF ETF A Buy?
ISHARES MSCI ISRAEL holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -4.444 Sell Candidate Unchanged
Predicted Opening Price for ISHARES MSCI ISRAEL ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $59.78 ( 0.0446%) | $59.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EIS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.10 | 0.580% |
| R2 | 59.97 | 0.376% |
| R1 | 59.90 | 0.249% |
| Price | 59.75 | |
| S1 | 59.65 | -0.160% |
| S2 | 59.58 | -0.286% |
| S3 | 59.46 | -0.491% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.38 | 1.05% |
| R2 | 60.00 | 0.418% |
| R1 | 59.97 | 0.368% |
| Price | 59.75 | |
| S1 | 59.54 | -0.358% |
| S2 | 58.70 | -1.76% |
| S3 | 58.68 | -1.79% |
EIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.260 | 0.450% |
| 2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.548 | 0.98% |
| 3 | Dec 14, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.331 | 0.581% |
| 4 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.599 | 1.00% |
| 5 | Dec 17, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.693 | 0.92% |
FAQ
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