iShares Edge MSCI Multifactor Emerging ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for iShares Edge MSCI Multifactor Emerging
(Updated on May 02, 2024)
The iShares Edge MSCI Multifactor Emerging ETF price gained 2.22% on the last trading day (Thursday, 2nd May 2024), rising from $44.81 to $45.80. During the last trading day the ETF fluctuated 1.63% from a day low at $45.23 to a day high of $45.97. The price has risen in 7 of the last 10 days and is up by 5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 78 thousand shares were bought and sold for approximately $3.57 million.
The ETF has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $45.78, a level that may pose a second chance to hit a runner. According to fan-theory $47.78 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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EMGF Signals & Forecast
Mostly positive signals in the chart today. The iShares Edge MSCI Multifactor Emerging ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $44.87 and $44.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.41%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for iShares Edge MSCI Multifactor Emerging ETF
iShares Edge MSCI Multifactor Emerging finds support from accumulated volume at $44.95 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 $0.735 between high and low, or 1.63%. For the last week the ETF has had daily average volatility of 0.91%.
Our recommended stop-loss: $43.63 (-4.73%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (EMGF) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect iShares Edge MSCI Multifactor Emerging Markets ETF to open at $45.67, and during the day (based on 14 day Average True Range), to move between $45.30 and $46.30, which gives a possible trading interval of +/-$0.501 (+/-1.09%) up or down from last closing price. If iShares Edge MSCI Multifactor Emerging Markets ETF takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $44.95, some $0.85 (1.86%) from the current price of $45.80, our system finds the risk reward attractive.
Is iShares Edge MSCI Multifactor Emerging Markets ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for iShares Edge MSCI Multifactor Emerging ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.
Current score: 4.633 Buy Candidate Unchanged
Predicted Opening Price for iShares Edge MSCI Multifactor Emerging Markets ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $45.67 ( 0.295%) | $45.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMGF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.40 | 1.31 % | |
| R2 | 46.12 | 0.697 % | ||
| R1 | 45.95 | 0.318 % | ||
| Current price: | 45.80 | |||
| Support | S1 | 45.38 | -0.91 % | |
| S2 | 45.21 | -1.29 % | ||
| S3 | 44.93 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 45.80 | |||
| Support | S1 | 44.95 | -1.86% | |
| S2 | 44.82 | -2.14% | ||
| S3 | 44.80 | -2.18% |
EMGF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $2.11 | 5.12% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.435 | 1.03% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $1.21 | 2.96% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.452 | 1.03% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.0290 | 0.0571% |
FAQ
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