iShares S&P Emerging Markets ETF Forecast

iShares S&P Emerging Markets ETF upgraded to Strong Buy Candidate.
(Updated on May 03, 2024)

EMIF Signals & Forecast

Mostly positive signals in the chart today. 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. 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 $22.19 and $21.93. 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 5.16%. 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). iShares S&P Emerging Markets has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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.

Support, Risk & Stop-loss for iShares S&P Emerging Markets ETF

iShares S&P Emerging Markets finds support from accumulated volume at $22.29 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 $0.0896 between high and low, or 0.399%. For the last week the ETF has had daily average volatility of 0.197%.

Our recommended stop-loss: $21.38 (-4.82%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (EMIF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect iShares S&P Emerging Markets Infrastructure Index Fund to open at $22.48, and during the day (based on 14 day Average True Range), to move between $22.27 and $22.65, which gives a possible trading interval of +/-$0.189 (+/-0.84%) 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 1.68% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $22.29, some $0.173 (0.77%) from the current price of $22.46, our system finds the risk reward attractive.

Is iShares S&P Emerging Markets Infrastructure Index Fund ETF A Buy?

iShares S&P Emerging Markets holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.024 Strong Buy Candidate Upgraded

Predicted Opening Price for iShares S&P Emerging Markets Infrastructure Index Fund of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.