iShares MSCI Japan Value ETF Forecast
iShares MSCI Japan Value ETF price down 0.651% on Monday
(Updated on May 13, 2024)
The iShares MSCI Japan Value ETF price fell by -0.651% on the last day (Monday, 13th May 2024) from $32.27 to $32.06. During the last trading day the ETF fluctuated 0.428% from a day low at $32.05 to a day high of $32.19. The price has been going up and down for this period, and there has been a 0.22% gain for the last 2 weeks. Volume has increased on the last day by 39 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 68 thousand shares were bought and sold for approximately $2.18 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $31.65 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect iShares MSCI Japan Value ETF with a 90% probability to be traded between $32.26 and $34.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EWJV Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares MSCI Japan Value ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $32.48 and $32.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -2.82%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for iShares MSCI Japan Value ETF
iShares MSCI Japan Value finds support from accumulated volume at $31.99 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 $0.137 between high and low, or 0.428%. For the last week the ETF has had daily average volatility of 0.688%.
Our recommended stop-loss: $30.83 (-3.83%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (EWJV) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th 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 $31.69 and $32.43, which gives a possible trading interval of +/-$0.366 (+/-1.14%) 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 2.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.99 (0.22%) than the resistance at $32.53 (1.47%), 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?
iShares MSCI Japan Value holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.062 Hold/Accumulate Unchanged
Predicted Opening Price for iShares MSCI Japan Value ETF of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| $32.10 ( 0.128%) | $32.06 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 32.24 | 0.556 % | |
| R2 | 32.19 | 0.392 % | ||
| R1 | 32.15 | 0.291 % | ||
| Current price: | 32.06 | |||
| Support | S1 | 32.05 | -0.0360 % | |
| S2 | 32.02 | -0.137 % | ||
| S3 | 31.96 | -0.301 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.86 | 2.50 % | |
| R2 | 32.55 | 1.53 % | ||
| R1 | 32.53 | 1.47 % | ||
| Current price | 32.06 | |||
| Support | S1 | 31.99 | -0.218% | |
| S2 | 31.73 | -1.03% | ||
| S3 | 31.52 | -1.68% |
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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