iShares MSCI Japan Value ETF Forecast
iShares MSCI Japan Value ETF upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The iShares MSCI Japan Value ETF price gained 1.32% on the last trading day (Tuesday, 2nd Jul 2024), rising from $31.72 to $32.14. During the last trading day the ETF fluctuated 0.606% from a day low at $31.98 to a day high of $32.17. The price has been going up and down for this period, and there has been a 3.81% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately $1.21 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.18% during the next 3 months and, with a 90% probability hold a price between $29.58 and $31.62 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EWJV Signals & Forecast
The iShares MSCI Japan Value 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 $31.52 and $31.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 4.79%. Further rise is indicated until a new top pivot has been found. iShares MSCI Japan Value has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for iShares MSCI Japan Value ETF
iShares MSCI Japan Value finds support from accumulated volume at $32.00 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 $0.194 (0.606%) between high and low. For the last week, the ETF has had daily average volatility of 0.596%.
Our recommended stop-loss: $30.28 (-5.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (EWJV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect iShares MSCI Japan Value ETF to open at $32.10, and during the day (based on 14 day Average True Range), to move between $31.76 and $32.52, which gives a possible trading interval of +/-$0.383 (+/-1.19%) up or down from last closing price. If iShares MSCI Japan Value ETF takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.00 (0.44%) than the resistance at $32.55 (1.28%), 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 Japan Value ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.752 Buy Candidate Upgraded
Predicted Opening Price for iShares MSCI Japan Value ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $32.10 ( 0.131%) | $32.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWJV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.29 | 0.472% |
| R2 | 32.22 | 0.242% |
| R1 | 32.17 | 0.0995% |
| Price | 32.14 | |
| S1 | 32.02 | -0.361% |
| S2 | 31.98 | -0.504% |
| S3 | 31.90 | -0.734% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.09 | 2.96% |
| R2 | 32.86 | 2.24% |
| R1 | 32.55 | 1.28% |
| Price | 32.14 | |
| S1 | 32.00 | -0.436% |
| S2 | 31.99 | -0.467% |
| S3 | 31.52 | -1.93% |
EWJV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.575 | 1.99% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.393 | 1.43% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.263 | 1.10% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.400 | 1.66% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.392 | 1.45% |
FAQ
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