iShares MSCI Sweden ETF Forecast
iShares MSCI Sweden ETF price ended at $39.47 on Friday, after gaining 1.34%.
(Updated on May 03, 2024)
The iShares MSCI Sweden ETF price gained 1.34% on the last trading day (Friday, 3rd May 2024), rising from $38.95 to $39.47. 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 0.790% from a day low at $39.25 to a day high of $39.56. The price has risen in 7 of the last 10 days and is up by 3.11% over the past 2 weeks. Volume fell on the last day by -395 thousand shares and in total, 96 thousand shares were bought and sold for approximately $3.78 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 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 2.23% during the next 3 months and, with a 90% probability hold a price between $39.28 and $42.89 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 3.11%. 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 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 $39.61. On a fall, the ETF will find some support from the short-term average at $38.93. 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 MSCI Sweden ETF
iShares MSCI Sweden finds support from accumulated volume at $39.34 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 $0.310 between high and low, or 0.790%. For the last week the ETF has had daily average volatility of 1.18%.
Our recommended stop-loss: $37.58 (-4.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (EWD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect iShares MSCI Sweden ETF to open at $39.43, and during the day (based on 14 day Average True Range), to move between $38.86 and $40.08, which gives a possible trading interval of +/-$0.610 (+/-1.55%) 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 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.34 (0.33%) than the resistance at $39.96 (1.24%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares MSCI Sweden ETF to perform well in the short-term.
Current score: 1.228 Buy Candidate Unchanged
Predicted Opening Price for iShares MSCI Sweden ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $39.43 ( 0.110%) | $39.47 |
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 | 39.74 | 0.676 % | |
| R2 | 39.62 | 0.376 % | ||
| R1 | 39.55 | 0.190 % | ||
| Current price: | 39.47 | |||
| Support | S1 | 39.31 | -0.410 % | |
| S2 | 39.24 | -0.595 % | ||
| S3 | 39.12 | -0.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.08 | 4.08 % | |
| R2 | 39.99 | 1.32 % | ||
| R1 | 39.96 | 1.24 % | ||
| Current price | 39.47 | |||
| Support | S1 | 39.34 | -0.329% | |
| S2 | 38.95 | -1.32% | ||
| S3 | 38.36 | -2.81% |
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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