iShares MSCI Netherlands ETF Forecast
Green day on Thursday for iShares MSCI Netherlands ETF after gaining 0.319%
(Updated on Jun 27, 2024)
The iShares MSCI Netherlands ETF price gained 0.319% on the last trading day (Thursday, 27th Jun 2024), rising from $50.19 to $50.35. During the last trading day the ETF fluctuated 0.606% from a day low at $50.28 to a day high of $50.59. The price has fallen in 6 of the last 10 days and is down by -3.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 73 thousand shares were bought and sold for approximately $3.70 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 6.69% during the next 3 months and, with a 90% probability hold a price between $52.65 and $56.97 at the end of this 3-month period.
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EWN Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares MSCI Netherlands ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $50.71 and $51.21. 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 -4.35%. 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).
Support, Risk & Stop-loss for iShares MSCI Netherlands ETF
iShares MSCI Netherlands finds support from accumulated volume at $49.86 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 $0.305 between high and low, or 0.606%. For the last week the ETF has had daily average volatility of 0.781%.
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect iShares MSCI Netherlands ETF to open at $50.41, and during the day (based on 14 day Average True Range), to move between $49.64 and $51.06, which gives a possible trading interval of +/-$0.714 (+/-1.42%) 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 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.40 (0.10%) than the support at $49.86 (0.97%), 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 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.
Current score: -4.126 Sell Candidate Unchanged
Predicted Opening Price for iShares MSCI Netherlands ETF of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $50.41 ( 0.109%) | $50.35 |
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 | 50.71 | 0.715% |
| R2 | 50.59 | 0.484% |
| R1 | 50.52 | 0.341% |
| Price | 50.35 | |
| S1 | 50.29 | -0.122% |
| S2 | 50.22 | -0.265% |
| S3 | 50.10 | -0.496% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.64 | 4.55% |
| R2 | 51.17 | 1.63% |
| R1 | 50.40 | 0.0993% |
| Price | 50.35 | |
| S1 | 49.86 | -0.97% |
| S2 | 49.25 | -2.18% |
| S3 | 48.37 | -3.93% |
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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