FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX ETF Forecast

$162.88
+0.0554 (+0.0340%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Stronger technical forecast for FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX ETF price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Dec 01, 2023 Gain 12.61% PDF

The FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX ETF price gained 0.0340% on the last trading day (Thursday, 28th Mar 2024), rising from $162.83 to $162.88. During the last trading day the ETF fluctuated 0.173% from a day low at $162.60 to a day high of $162.88. The price has risen in 5 of the last 10 days and is up by 1.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 672 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $224.12 thousand.

The ETF lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $162.45 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 11.12% during the next 3 months and, with a 90% probability hold a price between $180.52 and $184.65 at the end of this 3-month period.

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ESGG Signals & Forecast

The FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $162.11 and $159.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 1.75%. Further rise is indicated until a new top pivot has been found. FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX ETF

FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX finds support from accumulated volume at $157.59 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 $0.281 between high and low, or 0.173%. For the last week the ETF has had daily average volatility of 0.107%.

Our recommended stop-loss: $153.61 (-5.69%) (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 (ESGG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND to open at $162.79, and during the day (based on 14 day Average True Range), to move between $161.99 and $163.77, which gives a possible trading interval of +/-$0.89 (+/-0.55%) up or down from last closing price. If FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND takes out the full calculated possible swing range there will be an estimated 1.10% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $157.59, some $5.29 (3.25%) from the current price of $162.88, our system finds the risk reward attractive.

Is FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF A Buy?

FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.783 Strong Buy Candidate Upgraded

Predicted Opening Price for FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$162.79 ( 0.0574%) $162.88

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ESGG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 163.07 0.115 %
R2 162.96 0.0491 %
R1 162.89 0.0084 %
Current price: 162.88
Support S1 162.68 -0.123 %
S2 162.61 -0.164 %
S3 162.51 -0.230 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 162.88
Support S1 157.59 -3.25%
S2 154.98 -4.85%
S3 148.65 -8.74%

ESGG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 15, 2024 Mar 21, 2024 $0.271 0.167%
2 Dec 15, 2023 Dec 15, 2023 Dec 15, 2023 $0.762 0.518%
3 Sep 14, 2023 Sep 15, 2023 Sep 21, 2023 $0.459 0.336%
4 Jun 15, 2023 Jun 16, 2023 Jun 23, 2023 $1.06 0.774%
5 Mar 16, 2023 Mar 17, 2023 Mar 23, 2023 $0.302 0.237%

FAQ

What is the symbol for FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF and on which exchange is it traded?
The symbol for FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND is ESGG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF?
FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF?
FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF.

What's the current price of FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF?
As of the end of day on the 2024-03-28, the price of an FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND (ESGG) share was $162.88.

What is the 52-week high and low for FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF?
The 52-week high for FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF is $163.03 and the 52-week low is $129.05.

What is the market capitalization of FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF?
As of the 2024-03-28, the market capitalization of FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND is 183.372M.
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