ISHARES MSCI EAFE ESG OPTIMIZED ETF Forecast
Red day on Thursday for ISHARES MSCI EAFE ESG OPTIMIZED ETF after losing 0.262%
(Updated on Apr 18, 2024)
The ISHARES MSCI EAFE ESG OPTIMIZED ETF price fell by -0.262% on the last day (Thursday, 18th Apr 2024) from $76.42 to $76.22. During the last trading day the ETF fluctuated 0.81% from a day low at $76.14 to a day high of $76.75. The price has been going up and down for this period, and there has been a -3.31% loss for the last 2 weeks. Volume has increased on the last day by 84 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, 290 thousand shares were bought and sold for approximately $22.13 million.
Given the current short-term trend, the ETF is expected to rise 6.18% during the next 3 months and, with a 90% probability hold a price between $80.93 and $86.35 at the end of this 3-month period.
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ESGD Signals & Forecast
There are few to no technical positive signals at the moment. The ISHARES MSCI EAFE ESG OPTIMIZED 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 $77.21 and $78.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -4.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for ISHARES MSCI EAFE ESG OPTIMIZED ETF
ISHARES MSCI EAFE ESG OPTIMIZED finds support from accumulated volume at $75.79 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 $0.615 between high and low, or 0.81%. For the last week the ETF has had daily average volatility of 1.08%.
ISHARES MSCI EAFE ESG OPTIMIZED is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESGD) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect ISHARES MSCI EAFE ESG OPTIMIZED ETF to open at $76.37, and during the day (based on 14 day Average True Range), to move between $75.42 and $77.02, which gives a possible trading interval of +/-$0.80 (+/-1.05%) up or down from last closing price. If ISHARES MSCI EAFE ESG OPTIMIZED ETF takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $75.79 (0.56%) than the resistance at $77.97 (2.30%), 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 EAFE ESG OPTIMIZED ETF ETF A Buy?
The ISHARES MSCI EAFE ESG OPTIMIZED ETF holds several negative signals and despite the positive trend, we believe ISHARES MSCI EAFE ESG OPTIMIZED will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.004 Sell Candidate Unchanged
Predicted Opening Price for ISHARES MSCI EAFE ESG OPTIMIZED ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $76.37 ( 0.194%) | $76.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESGD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.98 | 1.00 % | |
| R2 | 76.75 | 0.693 % | ||
| R1 | 76.60 | 0.502 % | ||
| Current price: | 76.22 | |||
| Support | S1 | 76.13 | -0.114 % | |
| S2 | 75.99 | -0.304 % | ||
| S3 | 75.75 | -0.612 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.91 | 4.84 % | |
| R2 | 79.72 | 4.59 % | ||
| R1 | 77.97 | 2.30 % | ||
| Current price | 76.22 | |||
| Support | S1 | 75.79 | -0.564% | |
| S2 | 75.45 | -1.01% | ||
| S3 | 75.20 | -1.34% |
ESGD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.92 | 1.21% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $1.37 | 1.88% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.308 | 0.471% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $1.40 | 2.20% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.114 | 0.143% |
FAQ
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