iShares MSCI France ETF Forecast
iShares MSCI France ETF price ended at $39.89 on Wednesday, after losing 0.375%.
(Updated on May 01, 2024)
The iShares MSCI France ETF price fell by -0.375% on the last day (Wednesday, 1st May 2024) from $40.04 to $39.89. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.59% from a day low at $39.82 to a day high of $40.46. The price has been going up and down for this period, and there has been a 0.35% gain for the last 2 weeks. Volume has increased on the last day by 515 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 832 thousand shares were bought and sold for approximately $33.19 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $39.74 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 3.66% during the next 3 months and, with a 90% probability hold a price between $41.19 and $44.11 at the end of this 3-month period.
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EWQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.06%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares MSCI France 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 $40.40 and $40.74. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for iShares MSCI France ETF
iShares MSCI France finds support from accumulated volume at $39.81 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 $0.635 between high and low, or 1.59%. For the last week the ETF has had daily average volatility of 1.05%.
Our recommended stop-loss: $37.92 (-4.95%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (EWQ) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect iShares MSCI France ETF to open at $40.06, and during the day (based on 14 day Average True Range), to move between $39.42 and $40.36, which gives a possible trading interval of +/-$0.474 (+/-1.19%) up or down from last closing price. If iShares MSCI France ETF takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.91 (0.05%) than the support at $39.81 (0.20%), 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 France ETF ETF A Buy?
iShares MSCI France holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.652 Hold/Accumulate Unchanged
Predicted Opening Price for iShares MSCI France ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $40.06 ( 0.414%) | $39.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.69 | 2.01 % | |
| R2 | 40.45 | 1.40 % | ||
| R1 | 40.30 | 1.02 % | ||
| Current price: | 39.89 | |||
| Support | S1 | 39.81 | -0.194 % | |
| S2 | 39.66 | -0.570 % | ||
| S3 | 39.42 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.38 | 3.74 % | |
| R2 | 41.11 | 3.06 % | ||
| R1 | 39.91 | 0.0501 % | ||
| Current price | 39.89 | |||
| Support | S1 | 39.81 | -0.201% | |
| S2 | 39.47 | -1.05% | ||
| S3 | 38.66 | -3.08% |
EWQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.252 | 0.653% |
| 2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.82 | 2.18% |
| 3 | Dec 13, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.123 | 0.375% |
| 4 | Dec 13, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.95 | 3.12% |
| 5 | Dec 16, 2020 | Dec 13, 2021 | Dec 17, 2021 | $1.04 | 2.79% |
FAQ
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