iShares MSCI Mexico Capped ETF Forecast
iShares MSCI Mexico Capped ETF downgraded to Sell Candidate
(Updated on Apr 19, 2024)
The iShares MSCI Mexico Capped ETF price fell by -0.0308% on the last day (Friday, 19th Apr 2024) from $64.91 to $64.89. During the last trading day the ETF fluctuated 1.36% from a day low at $64.10 to a day high of $64.97. The price has fallen in 7 of the last 10 days and is down by -7.72% for this period. Volume has increased on the last day by 142 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, 2 million shares were bought and sold for approximately $99.73 million.
The ETF has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $64.94. A reaction back to this level may hold a second chance to get out before further falls.
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EWW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.0308%. 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 Mexico Capped 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 $66.03 and $67.29. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 6.39% to $69.04 within 33 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for iShares MSCI Mexico Capped ETF
iShares MSCI Mexico Capped finds support from accumulated volume at $64.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.87 (1.36%) between high and low. For the last week, the ETF has had daily average volatility of 1.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EWW) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect iShares MSCI Mexico Capped to open at $64.65, and during the day (based on 14 day Average True Range), to move between $63.79 and $65.99, which gives a possible trading interval of +/-$1.10 (+/-1.69%) up or down from last closing price. If iShares MSCI Mexico Capped takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $64.87 (0.03%) than the resistance at $66.95 (3.17%), 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 Mexico Capped ETF A Buy?
The iShares MSCI Mexico Capped ETF holds several negative signals and despite the positive trend, we believe iShares MSCI Mexico Capped 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: -1.034 Sell Candidate Downgraded
Predicted Opening Price for iShares MSCI Mexico Capped of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $64.65 ( 0.365%) | $64.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.52 | 0.98 % | |
| R2 | 65.19 | 0.464 % | ||
| R1 | 64.99 | 0.147 % | ||
| Current price: | 64.89 | |||
| Support | S1 | 64.32 | -0.88 % | |
| S2 | 64.12 | -1.19 % | ||
| S3 | 63.78 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.92 | 6.21 % | |
| R2 | 67.42 | 3.90 % | ||
| R1 | 66.95 | 3.17 % | ||
| Current price | 64.89 | |||
| Support | S1 | 64.87 | -0.0308% | |
| S2 | 64.43 | -0.709% | ||
| S3 | 64.04 | -1.31% |
EWW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $1.03 | 1.54% |
| 2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.458 | 0.726% |
| 3 | Dec 13, 2021 | Dec 13, 2022 | Dec 19, 2022 | $1.05 | 2.09% |
| 4 | Dec 13, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.753 | 1.63% |
| 5 | Dec 16, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.658 | 1.35% |
FAQ
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