iShares MSCI Sweden ETF Forecast
iShares MSCI Sweden ETF price ended at $38.74 on Monday, after gaining 1.20%.
(Updated on Apr 22, 2024)
The iShares MSCI Sweden ETF price gained 1.20% on the last trading day (Monday, 22nd Apr 2024), rising from $38.28 to $38.74. During the last trading day the ETF fluctuated 1.08% from a day low at $38.44 to a day high of $38.86. The price has fallen in 7 of the last 10 days and is down by -4.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 164 thousand shares were bought and sold for approximately $6.36 million.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $38.32 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 6.92% during the next 3 months and, with a 90% probability hold a price between $40.98 and $45.58 at the end of this 3-month period.
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EWD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.20%. 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 Sweden 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 $39.99. On a fall, the ETF will find some support from the short-term average at $38.56. 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 Sweden ETF
iShares MSCI Sweden finds support from accumulated volume at $38.36 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 $0.415 (1.08%) between high and low. For the last week, the ETF has had daily average volatility of 1.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EWD) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect iShares MSCI Sweden ETF to open at $38.68, and during the day (based on 14 day Average True Range), to move between $38.17 and $39.31, which gives a possible trading interval of +/-$0.572 (+/-1.48%) up or down from last closing price. If iShares MSCI Sweden ETF takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.36 (0.98%) than the resistance at $39.34 (1.55%), 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 Sweden ETF ETF A Buy?
iShares MSCI Sweden holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.142 Sell Candidate Unchanged
Predicted Opening Price for iShares MSCI Sweden ETF of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $38.68 ( 0.159%) | $38.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.09 | 0.91 % | |
| R2 | 38.93 | 0.503 % | ||
| R1 | 38.84 | 0.250 % | ||
| Current price: | 38.74 | |||
| Support | S1 | 38.52 | -0.568 % | |
| S2 | 38.42 | -0.82 % | ||
| S3 | 38.26 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.08 | 6.04 % | |
| R2 | 39.99 | 3.23 % | ||
| R1 | 39.34 | 1.55 % | ||
| Current price | 38.74 | |||
| Support | S1 | 38.36 | -0.98% | |
| S2 | 37.89 | -2.19% | ||
| S3 | 37.43 | -3.38% |
EWD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.95 | 2.47% |
| 2 | Dec 14, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.198 | 0.612% |
| 3 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.99 | 3.09% |
| 4 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.203 | 0.437% |
| 5 | Dec 17, 2020 | Dec 13, 2021 | Dec 17, 2021 | $1.20 | 2.74% |
FAQ
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