Ishares Esg Advanced Msci Em Etf ETF Forecast
Ishares Esg Advanced Msci Em Etf ETF downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Ishares Esg Advanced Msci Em Etf ETF price fell by -0.378% on the last day (Tuesday, 25th Jun 2024) from $36.92 to $36.78. During the last trading day the ETF fluctuated 0.219% from a day low at $36.70 to a day high of $36.78. The price has been going up and down for this period, and there has been a 0.6% gain for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately $170.59 thousand.
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 4.93% during the next 3 months and, with a 90% probability hold a price between $37.43 and $40.72 at the end of this 3-month period.
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EMXF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Esg Advanced Msci Em Etf 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 $36.79 and $36.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -3.39%. Further fall is indicated until a new bottom pivot has been found. Ishares Esg Advanced Msci Em Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ishares Esg Advanced Msci Em Etf ETF
Ishares Esg Advanced Msci Em Etf finds support from accumulated volume at $35.80 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 $0.0805 between high and low, or 0.219%. For the last week the ETF has had daily average volatility of 0.612%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EMXF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares Esg Advanced Msci Em Etf to open at $36.75, and during the day (based on 14 day Average True Range), to move between $36.45 and $37.11, which gives a possible trading interval of +/-$0.330 (+/-0.90%) up or down from last closing price. If Ishares Esg Advanced Msci Em Etf takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.99 (0.57%) than the support at $35.80 (2.67%), 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 Esg Advanced Msci Em Etf ETF A Buy?
The Ishares Esg Advanced Msci Em Etf ETF holds several negative signals and despite the positive trend, we believe Ishares Esg Advanced Msci Em Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.927 Sell Candidate Downgraded
Predicted Opening Price for Ishares Esg Advanced Msci Em Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $36.75 ( 0.0730%) | $36.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMXF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.83 | 0.146% |
| R2 | 36.80 | 0.0623% |
| R1 | 36.78 | 0.0107% |
| Price | 36.78 | |
| S1 | 36.72 | -0.157% |
| S2 | 36.70 | -0.208% |
| S3 | 36.67 | -0.292% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.56 | 2.12% |
| R2 | 37.01 | 0.624% |
| R1 | 36.99 | 0.570% |
| Price | 36.78 | |
| S1 | 35.80 | -2.67% |
| S2 | 35.38 | -3.81% |
| S3 | 34.77 | -5.47% |
EMXF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.557 | 1.58% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.243 | 0.675% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.613 | 1.81% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.212 | 0.601% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.623 | 1.48% |
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