iShares ESG Aware MSCI USA Small-Cap ETF Forecast
iShares ESG Aware MSCI USA Small-Cap ETF price up 0.86% on Friday
(Updated on May 03, 2024)
The iShares ESG Aware MSCI USA Small-Cap ETF price gained 0.86% on the last trading day (Friday, 3rd May 2024), rising from $38.17 to $38.50. It has now gained 3 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 1.36% from a day low at $38.42 to a day high of $38.94. The price has risen in 7 of the last 10 days and is up by 3.66% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 137 thousand shares were bought and sold for approximately $5.28 million. 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares ESG Aware MSCI USA Small-Cap ETF with a 90% probability to be traded between $37.18 and $40.52 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ESML Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.08%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares ESG Aware MSCI USA Small-Cap 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 $38.58. On a fall, the ETF will find some support from the short-term average at $38.03. 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.
Support, Risk & Stop-loss for iShares ESG Aware MSCI USA Small-Cap ETF
iShares ESG Aware MSCI USA Small-Cap finds support from accumulated volume at $37.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.524 (1.36%) between high and low. For the last week, the ETF has had daily average volatility of 1.46%.
Our recommended stop-loss: $36.75 (-4.55%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ESML) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect iShares ESG Aware MSCI USA Small-Cap ETF to open at $38.62, and during the day (based on 14 day Average True Range), to move between $37.90 and $39.10, which gives a possible trading interval of +/-$0.605 (+/-1.57%) up or down from last closing price. If iShares ESG Aware MSCI USA Small-Cap ETF takes out the full calculated possible swing range there will be an estimated 3.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.60 (0.26%) than the support at $37.86 (1.66%), 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 ESG Aware MSCI USA Small-Cap ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares ESG Aware MSCI USA Small-Cap ETF to perform well in the short-term period.
Current score: 3.277 Buy Candidate Unchanged
Predicted Opening Price for iShares ESG Aware MSCI USA Small-Cap ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $38.62 ( 0.308%) | $38.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESML
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.14 | 1.67 % | |
| R2 | 38.94 | 1.15 % | ||
| R1 | 38.82 | 0.83 % | ||
| Current price: | 38.50 | |||
| Support | S1 | 38.42 | -0.212 % | |
| S2 | 38.29 | -0.533 % | ||
| S3 | 38.09 | -1.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.39 | 2.31 % | |
| R2 | 39.31 | 2.10 % | ||
| R1 | 38.60 | 0.260 % | ||
| Current price | 38.50 | |||
| Support | S1 | 37.86 | -1.66% | |
| S2 | 37.54 | -2.49% | ||
| S3 | 37.47 | -2.68% |
ESML Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.108 | 0.269% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.139 | 0.374% |
| 3 | Sep 25, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.132 | 0.398% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.115 | 0.324% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.113 | 0.339% |
FAQ
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