ISHARES MSCI PERU ETF Forecast
Evaluation of ISHARES MSCI PERU ETF downgraded after the last trading session.
(Updated on Jun 20, 2024)
The ISHARES MSCI PERU ETF price gained 1.13% on the last trading day (Thursday, 20th Jun 2024), rising from $40.33 to $40.78. During the last trading day the ETF fluctuated 0.522% from a day low at $40.60 to a day high of $40.81. The price has risen in 5 of the last 10 days but is still down by -3.98% for this period. Volume fell on the last day by -76 thousand shares and in total, 19 thousand shares were bought and sold for approximately $794.52 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 lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $40.01 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.89% during the next 3 months and, with a 90% probability hold a price between $43.17 and $49.69 at the end of this 3-month period.
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EPU Signals & Forecast
There are mixed signals in the ETF today. The ISHARES MSCI PERU ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $42.23. On a fall, the ETF will find some support from the short-term average at $40.30. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 also not. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.33%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for ISHARES MSCI PERU ETF
ISHARES MSCI PERU finds support from accumulated volume at $40.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.212 between high and low, or 0.522%. For the last week the ETF has had daily average volatility of 1.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EPU) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect ISHARES MSCI PERU ETF to open at $40.73, and during the day (based on 14 day Average True Range), to move between $39.96 and $41.60, which gives a possible trading interval of +/-$0.82 (+/-2.01%) up or down from last closing price. If ISHARES MSCI PERU ETF takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.33 (1.12%) than the resistance at $42.28 (3.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ISHARES MSCI PERU ETF ETF A Buy?
ISHARES MSCI PERU holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.976 Sell Candidate Downgraded
Predicted Opening Price for ISHARES MSCI PERU ETF of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $40.73 ( 0.121%) | $40.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.94 | 0.399% |
| R2 | 40.86 | 0.201% |
| R1 | 40.81 | 0.0778% |
| Price | 40.78 | |
| S1 | 40.65 | -0.320% |
| S2 | 40.60 | -0.442% |
| S3 | 40.52 | -0.641% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.97 | 5.38% |
| R2 | 42.36 | 3.87% |
| R1 | 42.28 | 3.68% |
| Price | 40.78 | |
| S1 | 40.33 | -1.12% |
| S2 | 39.92 | -2.11% |
| S3 | 39.55 | -3.02% |
EPU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.709 | 2.10% |
| 2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.723 | 2.35% |
| 3 | Dec 14, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.507 | 1.83% |
| 4 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $1.09 | 3.82% |
| 5 | Dec 17, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.666 | 2.37% |
FAQ
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