iShares MSCI Belgium ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
iShares MSCI Belgium ETF price ended at $19.26 on Tuesday, after gaining 1.05%.
(Updated on May 07, 2024)
The iShares MSCI Belgium ETF price gained 1.05% on the last trading day (Tuesday, 7th May 2024), rising from $19.06 to $19.26. It has now gained 4 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 0.203% from a day low at $19.26 to a day high of $19.30. The price has risen in 6 of the last 10 days and is up by 3.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $33.01 thousand.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $18.99 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $19.86 sometime during the next 3 months.
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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. 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 $18.83 and $18.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.83%. 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). iShares MSCI Belgium 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. 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.
Support, Risk & Stop-loss for iShares MSCI Belgium ETF
iShares MSCI Belgium finds support from accumulated volume at $18.94 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 $0.0391 between high and low, or 0.203%. For the last week the ETF has had daily average volatility of 0.452%.
The iShares MSCI Belgium ETF is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $18.36 (-4.66%) (This ETF has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (EWK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect iShares MSCI Belgium ETF to open at $19.27, and during the day (based on 14 day Average True Range), to move between $19.10 and $19.42, which gives a possible trading interval of +/-$0.163 (+/-0.85%) 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 1.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.94, some $0.321 (1.67%) from the current price of $19.26, our system finds the risk reward attractive.
Is iShares MSCI Belgium ETF ETF A Buy?
iShares MSCI Belgium holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for iShares MSCI Belgium ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $19.27 ( 0.0677%) | $19.26 |
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 | 19.31 | 0.271 % | |
| R2 | 19.30 | 0.193 % | ||
| R1 | 19.29 | 0.145 % | ||
| Current price: | 19.26 | |||
| Support | S1 | 19.26 | -0.0099 % | |
| S2 | 19.25 | -0.0578 % | ||
| S3 | 19.23 | -0.135 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 19.26 | |||
| Support | S1 | 18.94 | -1.67% | |
| S2 | 18.74 | -2.73% | ||
| S3 | 18.24 | -5.30% |
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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