ISHARES MSCI AUSTRIA ETF Forecast
ISHARES MSCI AUSTRIA ETF downgraded to Sell Candidate
(Updated on Jun 26, 2024)
The ISHARES MSCI AUSTRIA ETF price fell by -0.633% on the last day (Wednesday, 26th Jun 2024) from $21.87 to $21.73. During the last trading day the ETF fluctuated 0.369% from a day low at $21.67 to a day high of $21.75. The price has been going up and down for this period, and there has been a -0.97% loss for the last 2 weeks. 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 -19 thousand shares and in total, 26 thousand shares were bought and sold for approximately $563.02 thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.50 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.03% during the next 3 months and, with a 90% probability hold a price between $22.36 and $25.10 at the end of this 3-month period.
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EWO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.57%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ISHARES MSCI AUSTRIA 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 $21.78 and $22.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for ISHARES MSCI AUSTRIA ETF
ISHARES MSCI AUSTRIA finds support from accumulated volume at $21.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.0800 between high and low, or 0.369%. For the last week the ETF has had daily average volatility of 0.579%.
ISHARES MSCI AUSTRIA is oversold on RSI14 (29). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EWO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect ISHARES MSCI AUSTRIA ETF to open at $21.72, and during the day (based on 14 day Average True Range), to move between $21.42 and $22.04, which gives a possible trading interval of +/-$0.311 (+/-1.43%) up or down from last closing price. If ISHARES MSCI AUSTRIA ETF takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.70 (0.12%) than the resistance at $21.89 (0.76%), 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 AUSTRIA ETF ETF A Buy?
The ISHARES MSCI AUSTRIA ETF holds several negative signals and despite the positive trend, we believe ISHARES MSCI AUSTRIA 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: -3.006 Sell Candidate Downgraded
Predicted Opening Price for ISHARES MSCI AUSTRIA ETF of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $21.72 ( 0.0509%) | $21.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.80 | 0.317% |
| R2 | 21.76 | 0.177% |
| R1 | 21.75 | 0.0897% |
| Price | 21.73 | |
| S1 | 21.68 | -0.192% |
| S2 | 21.67 | -0.278% |
| S3 | 21.64 | -0.419% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.22 | 6.87% |
| R2 | 22.22 | 2.29% |
| R1 | 21.89 | 0.757% |
| Price | 21.73 | |
| S1 | 21.70 | -0.122% |
| S2 | 21.68 | -0.193% |
| S3 | 21.68 | -0.214% |
EWO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.642 | 3.04% |
| 2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.580 | 2.86% |
| 3 | Dec 13, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.409 | 2.21% |
| 4 | Dec 13, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.494 | 2.52% |
| 5 | Dec 16, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.381 | 1.55% |
FAQ
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