iShares MSCI Europe Financials Sector ETF Forecast
Stronger technical forecast for iShares MSCI Europe Financials Sector ETF price after Friday trading.
(Updated on Apr 26, 2024)
The iShares MSCI Europe Financials Sector ETF price gained 0.537% on the last trading day (Friday, 26th Apr 2024), rising from $22.34 to $22.46. During the last trading day the ETF fluctuated 0.536% from a day low at $22.38 to a day high of $22.50. The price has risen in 7 of the last 10 days and is up by 2.6% 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, 78 thousand more shares were traded than the day before. In total, 438 thousand shares were bought and sold for approximately $9.85 million.
The ETF lies in the middle of a strong 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 11.96% during the next 3 months and, with a 90% probability hold a price between $24.53 and $26.30 at the end of this 3-month period.
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EUFN Signals & Forecast
The iShares MSCI Europe Financials Sector ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.28 and $22.36. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -2.01%. 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).
Support, Risk & Stop-loss for iShares MSCI Europe Financials Sector ETF
iShares MSCI Europe Financials Sector finds support from accumulated volume at $22.42 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 $0.120 between high and low, or 0.536%. For the last week the ETF has had daily average volatility of 0.92%.
Our recommended stop-loss: $21.47 (-4.40%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (EUFN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect iShares MSCI Europe Financials Sector Index Fund to open at $22.45, and during the day (based on 14 day Average True Range), to move between $22.18 and $22.74, which gives a possible trading interval of +/-$0.279 (+/-1.24%) up or down from last closing price. If iShares MSCI Europe Financials Sector Index Fund takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.42 (0.18%) than the resistance at $22.68 (0.98%), 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 Europe Financials Sector Index Fund ETF A Buy?
iShares MSCI Europe Financials Sector 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.798 Hold/Accumulate Upgraded
Predicted Opening Price for iShares MSCI Europe Financials Sector Index Fund of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $22.45 ( 0.0594%) | $22.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUFN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.57 | 0.475 % | |
| R2 | 22.52 | 0.271 % | ||
| R1 | 22.49 | 0.145 % | ||
| Current price: | 22.46 | |||
| Support | S1 | 22.40 | -0.263 % | |
| S2 | 22.37 | -0.390 % | ||
| S3 | 22.33 | -0.594 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.88 | 1.87 % | |
| R2 | 22.72 | 1.16 % | ||
| R1 | 22.68 | 0.98 % | ||
| Current price | 22.46 | |||
| Support | S1 | 22.42 | -0.178% | |
| S2 | 20.63 | -8.15% | ||
| S3 | 20.57 | -8.41% |
EUFN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.320 | 1.51% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.729 | 3.88% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.0720 | 0.421% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.670 | 4.14% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.414 | 2.16% |
FAQ
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