ISHARES MSCI TAIWAN ETF Forecast
Green day on Friday for ISHARES MSCI TAIWAN
(Updated on Jun 28, 2024)
The ISHARES MSCI TAIWAN ETF price gained 0.408% on the last trading day (Friday, 28th Jun 2024), rising from $53.97 to $54.19. During the last trading day the ETF fluctuated 1.27% from a day low at $54.01 to a day high of $54.69. The price has risen in 7 of the last 10 days and is up by 2.94% over the past 2 weeks. Volume fell on the last day by -431 thousand shares and in total, 2 million shares were bought and sold for approximately $82.81 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a strong 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 14.52% during the next 3 months and, with a 90% probability hold a price between $58.59 and $63.62 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EWT Signals & Forecast
The ISHARES MSCI TAIWAN 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 $54.16 and $51.87. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.24%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ISHARES MSCI TAIWAN ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $51.03 and $49.32. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, ISHARES MSCI TAIWAN finds support just below today's level at $51.03. If this is broken, then the next support from accumulated volume will be at $49.32 and $49.26.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.685 between high and low, or 1.27%. For the last week, the ETF has had daily average volatility of 0.95%.
Our recommended stop-loss: $52.19 (-3.69%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (EWT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ISHARES MSCI TAIWAN ETF to open at $54.30, and during the day (based on 14 day Average True Range), to move between $53.48 and $54.90, which gives a possible trading interval of +/-$0.711 (+/-1.31%) up or down from last closing price. If ISHARES MSCI TAIWAN ETF takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $54.44 (0.46%) than the support at $51.03 (5.83%), 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 TAIWAN ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ISHARES MSCI TAIWAN ETF to perform well in the short-term.
Current score: 1.182 Buy Candidate Unchanged
Predicted Opening Price for ISHARES MSCI TAIWAN ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $54.30 ( 0.194%) | $54.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.98 | 1.46% |
| R2 | 54.72 | 0.97% |
| R1 | 54.56 | 0.677% |
| Price | 54.19 | |
| S1 | 54.03 | -0.289% |
| S2 | 53.87 | -0.587% |
| S3 | 53.61 | -1.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.87 | 1.25% |
| R2 | 54.63 | 0.81% |
| R1 | 54.44 | 0.461% |
| Price | 54.19 | |
| S1 | 51.03 | -5.83% |
| S2 | 49.32 | -8.99% |
| S3 | 49.26 | -9.10% |
EWT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 05, 2022 | Dec 20, 2023 | Dec 27, 2023 | $3.74 | 8.15% |
| 2 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $7.56 | 18.48% |
| 3 | Dec 16, 2020 | Dec 13, 2021 | Dec 17, 2021 | $1.76 | 2.73% |
| 4 | Dec 16, 2019 | Dec 14, 2020 | Dec 18, 2020 | $0.97 | 1.89% |
| 5 | Dec 28, 2018 | Dec 16, 2019 | Dec 20, 2019 | $1.02 | 2.49% |
FAQ
Click here for our free guide on how to buy ISHARES MSCI TAIWAN ETF ETF.
