iShares MSCI New Zealand 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
iShares MSCI New Zealand ETF upgraded to Buy Candidate.
(Updated on May 03, 2024)
The iShares MSCI New Zealand ETF price gained 2.30% on the last trading day (Friday, 3rd May 2024), rising from $44.72 to $45.75. During the last trading day the ETF fluctuated 0.721% from a day low at $45.58 to a day high of $45.91. The price has been going up and down for this period, and there has been a 3.98% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately $51.10 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 ETFhas broken the narrow and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $45.37, a level that may pose a second chance to hit a runner. According to fan-theory $47.47 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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ENZL Signals & Forecast
The iShares MSCI New Zealand 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 $44.71 and $44.95. 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 4.05%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Wednesday, April 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 06, 2024.
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 Wednesday, April 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 06, 2024.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 Wednesday, April 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 06, 2024.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 New Zealand ETF
iShares MSCI New Zealand finds support from accumulated volume at $45.15 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 $0.328 between high and low, or 0.721%. For the last week the ETF has had daily average volatility of 1.17%
Our recommended stop-loss: $43.58 (-4.73%) (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 (ENZL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect iShares MSCI New Zealand ETF to open at $45.75, and during the day (based on 14 day Average True Range), to move between $45.10 and $46.40, which gives a possible trading interval of +/-$0.651 (+/-1.42%) up or down from last closing price. If iShares MSCI New Zealand ETF takes out the full calculated possible swing range there will be an estimated 2.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.77 (0.04%) than the support at $45.15 (1.31%), 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 MSCI New Zealand ETF ETF A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.128 Buy Candidate Upgraded
Predicted Opening Price for iShares MSCI New Zealand ETF of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$45.75 ( 0.0084%) | $45.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENZL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.07 | 0.710 % | |
R2 | 45.95 | 0.435 % | ||
R1 | 45.87 | 0.266 % | ||
Current price: | 45.75 | |||
Support | S1 | 45.62 | -0.283 % | |
S2 | 45.54 | -0.452 % | ||
S3 | 45.42 | -0.726 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.18 | 0.94 % | |
R2 | 46.09 | 0.743 % | ||
R1 | 45.77 | 0.0437 % | ||
Current price | 45.75 | |||
Support | S1 | 45.15 | -1.31% | |
S2 | 44.75 | -2.19% | ||
S3 | 44.04 | -3.74% |
ENZL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.95 | 1.96% |
2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.473 | 0.98% |
3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.242 | 0.498% |
4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.546 | 1.25% |
5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.89 | 1.57% |
FAQ
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