iShares MSCI Netherlands ETF Forecast
iShares MSCI Netherlands ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The iShares MSCI Netherlands ETF price fell by -1.04% on the last day (Friday, 21st Jun 2024) from $51.17 to $50.64. During the last trading day the ETF fluctuated 0.675% from a day low at $50.37 to a day high of $50.71. The price has fallen in 6 of the last 10 days and is down by -3.8% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -606 thousand shares and in total, 40 thousand shares were bought and sold for approximately $2.02 million.
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 7.00% during the next 3 months and, with a 90% probability hold a price between $52.67 and $56.93 at the end of this 3-month period.
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EWN Signals & Forecast
There are few to no technical positive signals at the moment. The iShares MSCI Netherlands 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 $51.12 and $51.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.80%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for iShares MSCI Netherlands ETF
iShares MSCI Netherlands finds support from accumulated volume at $50.40 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 $0.340 between high and low, or 0.675%. For the last week the ETF has had daily average volatility of 0.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EWN) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect iShares MSCI Netherlands ETF to open at $50.57, and during the day (based on 14 day Average True Range), to move between $49.87 and $51.41, which gives a possible trading interval of +/-$0.775 (+/-1.53%) up or down from last closing price. If iShares MSCI Netherlands ETF takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.40 (0.47%) than the resistance at $50.94 (0.59%), 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 Netherlands ETF ETF A Buy?
The iShares MSCI Netherlands ETF holds several negative signals and despite the positive trend, we believe iShares MSCI Netherlands will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.143 Sell Candidate Downgraded
Predicted Opening Price for iShares MSCI Netherlands ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $50.57 ( 0.132%) | $50.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.91 | 0.540% |
| R2 | 50.78 | 0.283% |
| R1 | 50.70 | 0.125% |
| Price | 50.64 | |
| S1 | 50.44 | -0.388% |
| S2 | 50.36 | -0.547% |
| S3 | 50.23 | -0.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.64 | 3.95% |
| R2 | 51.17 | 1.05% |
| R1 | 50.94 | 0.592% |
| Price | 50.64 | |
| S1 | 50.40 | -0.474% |
| S2 | 49.86 | -1.54% |
| S3 | 48.37 | -4.48% |
EWN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.331 | 0.755% |
| 2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.468 | 1.09% |
| 3 | Dec 13, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.247 | 0.660% |
| 4 | Dec 13, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.492 | 1.39% |
| 5 | Dec 16, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.181 | 0.380% |
FAQ
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