ISHARES MSCI GERMANY ETF Forecast
Green day on Friday for ISHARES MSCI GERMANY ETF after gaining 0.88%
(Updated on May 31, 2024)
The ISHARES MSCI GERMANY ETF price gained 0.88% on the last trading day (Friday, 31st May 2024), rising from $31.78 to $32.06. During the last trading day the ETF fluctuated 0.80% from a day low at $31.82 to a day high of $32.08. The price has fallen in 6 of the last 10 days and is down by -0.9% for this period. Volume fell on the last day by -578 thousand shares and in total, 812 thousand shares were bought and sold for approximately $26.03 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 3.22% during the next 3 months and, with a 90% probability hold a price between $31.47 and $33.98 at the end of this 3-month period.
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EWG Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.08%. 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). The ISHARES MSCI GERMANY 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 $32.02 and $31.36. A breakdown below any of these levels will issue sell signals. 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. The ETF had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for ISHARES MSCI GERMANY ETF
ISHARES MSCI GERMANY finds support from accumulated volume at $31.35 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 $0.255 between high and low, or 0.80%. For the last week the ETF has had daily average volatility of 0.665%.
Our recommended stop-loss: $30.77 (-4.04%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (EWG) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect ISHARES MSCI GERMANY ETF to open at $31.99, and during the day (based on 14 day Average True Range), to move between $31.75 and $32.37, which gives a possible trading interval of +/-$0.311 (+/-0.97%) up or down from last closing price. If ISHARES MSCI GERMANY ETF takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.17 (0.34%) than the support at $31.35 (2.21%), 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 MSCI GERMANY 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 GERMANY ETF to perform well in the short-term.
Current score: 1.038 Buy Candidate Unchanged
Predicted Opening Price for ISHARES MSCI GERMANY ETF of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
$31.99 ( 0.234%) | $32.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.24 | 0.561 % | |
R2 | 32.14 | 0.258 % | ||
R1 | 32.08 | 0.0699 % | ||
Current price: | 32.06 | |||
Support | S1 | 31.89 | -0.538 % | |
S2 | 31.83 | -0.725 % | ||
S3 | 31.73 | -1.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.36 | 0.94 % | |
R2 | 32.35 | 0.90 % | ||
R1 | 32.17 | 0.343 % | ||
Current price | 32.06 | |||
Support | S1 | 31.35 | -2.21% | |
S2 | 30.01 | -6.39% | ||
S3 | 30.00 | -6.43% |
EWG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.0020 | 0.0069% |
2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.759 | 2.67% |
3 | Dec 14, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.0090 | 0.0366% |
4 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.792 | 3.26% |
5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.247 | 0.754% |
FAQ
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