iShares MSCI Belgium ETF Forecast
iShares MSCI Belgium ETF price up 0.270% on Friday
(Updated on Apr 26, 2024)
The iShares MSCI Belgium ETF price gained 0.270% on the last trading day (Friday, 26th Apr 2024), rising from $18.51 to $18.56. During the last trading day the ETF fluctuated 0% from a day low at $18.56 to a day high of $18.56. The price has risen in 6 of the last 10 days and is up by 0.95% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 125 shares were bought and sold for approximately $2.32 thousand. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares MSCI Belgium ETF with a 90% probability to be traded between $18.39 and $19.26 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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EWK Signals & Forecast
The iShares MSCI Belgium 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 $18.46 and $18.51. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.429%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Wednesday, February 21, 2024 in the short-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
The ETF had a Golden Star Signal on Wednesday, February 21, 2024 in the short-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.
A sell signal from a double top formation was found on Wednesday, April 03, 2024 and based on theory for this formation the price should fall by -1.73% to $18.24 within 14 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for iShares MSCI Belgium ETF
iShares MSCI Belgium finds support from accumulated volume at $18.24 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.270%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EWK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect iShares MSCI Belgium ETF to open at $18.56, and during the day (based on 14 day Average True Range), to move between $18.42 and $18.70, which gives a possible trading interval of +/-$0.142 (+/-0.77%) up or down from last closing price. If iShares MSCI Belgium ETF takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.57 (0.05%) than the support at $18.24 (1.72%), 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 Belgium ETF ETF A Buy?
iShares MSCI Belgium holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.462 Sell Candidate Unchanged
Predicted Opening Price for iShares MSCI Belgium ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $18.56 ( 0%) | $18.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.56 | . | |
| R2 | 18.56 | . | ||
| R1 | 18.56 | . | ||
| Current price: | 18.56 | |||
| Support | S1 | 18.56 | . | |
| S2 | 18.56 | . | ||
| S3 | 18.56 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.79 | 1.23 % | |
| R2 | 18.74 | 0.99 % | ||
| R1 | 18.57 | 0.0539 % | ||
| Current price | 18.56 | |||
| Support | S1 | 18.24 | -1.72% | |
| S2 | 18.22 | -1.83% | ||
| S3 | 18.13 | -2.32% |
EWK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.0600 | 0.330% |
| 2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.333 | 1.86% |
| 3 | Dec 13, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.463 | 2.67% |
| 4 | Dec 16, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.524 | 2.55% |
| 5 | Dec 16, 2020 | Jun 10, 2021 | Jun 16, 2021 | $0.252 | 1.10% |
FAQ
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