iShares S&P Emerging Markets ETF Forecast
Stronger technical forecast for iShares S&P Emerging Markets ETF price after Thursday trading.
(Updated on Apr 25, 2024)
The iShares S&P Emerging Markets ETF price gained 0.91% on the last trading day (Thursday, 25th Apr 2024), rising from $21.87 to $22.07. During the last trading day the ETF fluctuated 1.47% from a day low at $21.75 to a day high of $22.07. The price has risen in 6 of the last 10 days but is still down by -0.68% for this period. Volume fell on the last day by -4 thousand shares and in total, 970 shares were bought and sold for approximately $21.41 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 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 4.61% during the next 3 months and, with a 90% probability hold a price between $22.46 and $23.70 at the end of this 3-month period.
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EMIF Signals & Forecast
The iShares S&P Emerging Markets ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.67 and $21.88. 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 3.32%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, February 16, 2024 in the short-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
The ETF had a Golden Star Signal on Friday, February 16, 2024 in the short-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 S&P Emerging Markets ETF
iShares S&P Emerging Markets finds support from accumulated volume at $21.89 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 1.47%. For the last week the ETF has had daily average volatility of 0.472%
Our recommended stop-loss: $21.06 (-4.58%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (EMIF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iShares S&P Emerging Markets Infrastructure Index Fund to open at $21.96, and during the day (based on 14 day Average True Range), to move between $21.88 and $22.26, which gives a possible trading interval of +/-$0.194 (+/-0.88%) up or down from last closing price. If iShares S&P Emerging Markets Infrastructure Index Fund takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.09 (0.10%) than the support at $21.89 (0.82%), 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 S&P Emerging Markets Infrastructure Index Fund ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares S&P Emerging Markets ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.633 Buy Candidate Upgraded
Predicted Opening Price for iShares S&P Emerging Markets Infrastructure Index Fund of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$21.96 ( 0.483%) | $22.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMIF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.28 | 0.97 % | |
R2 | 22.16 | 0.413 % | ||
R1 | 22.09 | 0.0706 % | ||
Current price: | 22.07 | |||
Support | S1 | 21.84 | -1.04 % | |
S2 | 21.77 | -1.38 % | ||
S3 | 21.64 | -1.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.20 | 0.581 % | |
R2 | 22.15 | 0.347 % | ||
R1 | 22.09 | 0.102 % | ||
Current price | 22.07 | |||
Support | S1 | 21.89 | -0.82% | |
S2 | 21.87 | -0.91% | ||
S3 | 21.81 | -1.18% |
EMIF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.341 | 1.58% |
2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.225 | 1.03% |
3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.335 | 1.65% |
4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.305 | 1.39% |
5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.286 | 1.19% |
FAQ
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