ISHARES MSCI EAFE ESG OPTIMIZED ETF Forecast
ISHARES MSCI EAFE ESG OPTIMIZED ETF price ended at $77.20 on Wednesday, after losing 0.194%.
(Updated on May 01, 2024)
The ISHARES MSCI EAFE ESG OPTIMIZED ETF price fell by -0.194% on the last day (Wednesday, 1st May 2024) from $77.35 to $77.20. During the last trading day the ETF fluctuated 1.43% from a day low at $77.07 to a day high of $78.17. The price has been going up and down for this period, and there has been a 1.02% gain for the last 2 weeks. Volume has increased on the last day by 63 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, 356 thousand shares were bought and sold for approximately $27.49 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $76.58 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 3.09% during the next 3 months and, with a 90% probability hold a price between $78.95 and $83.65 at the end of this 3-month period.
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ESGD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.29%. 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. 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 $77.76 and $78.51. A break-up above any of these levels will issue buy signals. 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 $77.09 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 $1.10 between high and low, or 1.43%. For the last week the ETF has had daily average volatility of 0.99%.
Our recommended stop-loss: $73.40 (-4.92%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (ESGD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect ISHARES MSCI EAFE ESG OPTIMIZED ETF to open at $77.48, and during the day (based on 14 day Average True Range), to move between $76.36 and $78.04, which gives a possible trading interval of +/-$0.84 (+/-1.09%) 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 2.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $77.09 (0.14%) than the resistance at $77.97 (1.00%), 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?
ISHARES MSCI EAFE ESG OPTIMIZED holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.719 Hold/Accumulate Unchanged
Predicted Opening Price for ISHARES MSCI EAFE ESG OPTIMIZED ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $77.48 ( 0.363%) | $77.20 |
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 | 78.58 | 1.79 % | |
| R2 | 78.16 | 1.24 % | ||
| R1 | 77.90 | 0.91 % | ||
| Current price: | 77.20 | |||
| Support | S1 | 77.06 | -0.182 % | |
| S2 | 76.80 | -0.518 % | ||
| S3 | 76.38 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.91 | 3.51 % | |
| R2 | 79.72 | 3.26 % | ||
| R1 | 77.97 | 1.00 % | ||
| Current price | 77.20 | |||
| Support | S1 | 77.09 | -0.142% | |
| S2 | 75.45 | -2.27% | ||
| S3 | 75.20 | -2.59% |
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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