ISHARES MSCI EM ETF Forecast
ISHARES MSCI EM ETF downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The ISHARES MSCI EM ETF price gained 0.252% on the last trading day (Thursday, 25th Apr 2024), rising from $31.77 to $31.85. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.32% from a day low at $31.48 to a day high of $31.89. The price has been going up and down for this period, and there has been a -2.3% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 505 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $35.70 million.
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 3.10% during the next 3 months and, with a 90% probability hold a price between $32.17 and $34.11 at the end of this 3-month period.
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ESGE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.28%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ISHARES MSCI EM 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 $32.11. On a fall, the ETF will find some support from the short-term average at $31.50. 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).
Support, Risk & Stop-loss for ISHARES MSCI EM ETF
ISHARES MSCI EM finds support from accumulated volume at $31.80 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 $0.417 between high and low, or 1.32%. For the last week the ETF has had daily average volatility of 0.91%.
Our recommended stop-loss: $30.13 (-5.41%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ESGE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ISHARES MSCI EM ESG OPTIMIZED ETF to open at $31.74, and during the day (based on 14 day Average True Range), to move between $31.49 and $32.21, which gives a possible trading interval of +/-$0.357 (+/-1.12%) up or down from last closing price. If ISHARES MSCI EM ESG OPTIMIZED ETF takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.88 (0.09%) than the support at $31.80 (0.16%), 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 EM ESG OPTIMIZED ETF ETF A Buy?
ISHARES MSCI EM holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.890 Hold/Accumulate Downgraded
Predicted Opening Price for ISHARES MSCI EM ESG OPTIMIZED ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $31.74 ( 0.349%) | $31.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESGE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.16 | 0.96 % | |
| R2 | 32.00 | 0.460 % | ||
| R1 | 31.90 | 0.151 % | ||
| Current price: | 31.85 | |||
| Support | S1 | 31.58 | -0.85 % | |
| S2 | 31.48 | -1.16 % | ||
| S3 | 31.32 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.38 | 1.66 % | |
| R2 | 32.23 | 1.19 % | ||
| R1 | 31.88 | 0.0942 % | ||
| Current price | 31.85 | |||
| Support | S1 | 31.80 | -0.157% | |
| S2 | 31.56 | -0.91% | ||
| S3 | 31.41 | -1.38% |
ESGE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.454 | 1.43% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.227 | 0.702% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.531 | 1.77% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.276 | 0.84% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.83 | 2.13% |
FAQ
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