iShares MSCI Mexico Capped ETF Forecast
iShares MSCI Mexico Capped ETF upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
The iShares MSCI Mexico Capped ETF price gained 0.319% on the last trading day (Thursday, 2nd May 2024), rising from $65.93 to $66.14. During the last trading day the ETF fluctuated 1.20% from a day low at $66.03 to a day high of $66.82. The price has risen in 7 of the last 10 days and is up by 1.89% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 574 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $110.49 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares MSCI Mexico Capped ETF with a 90% probability to be traded between $64.52 and $70.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 1.96%. Further rise is indicated until a new top pivot has been found. 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 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 $66.17 and $67.36. 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).
Support, Risk & Stop-loss for iShares MSCI Mexico Capped ETF
iShares MSCI Mexico Capped finds support from accumulated volume at $65.64 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.790 between high and low, or 1.20%. For the last week, the ETF has had daily average volatility of 1.65%.
Our recommended stop-loss: $62.29 (-5.83%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (EWW) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect iShares MSCI Mexico Capped to open at $66.33, and during the day (based on 14 day Average True Range), to move between $65.00 and $67.28, which gives a possible trading interval of +/-$1.14 (+/-1.73%) 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 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $65.64 (0.76%) than the resistance at $66.95 (1.22%), 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?
iShares MSCI Mexico Capped 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.995 Hold/Accumulate Upgraded
Predicted Opening Price for iShares MSCI Mexico Capped of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $66.33 ( 0.287%) | $66.14 |
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 | 67.12 | 1.48 % | |
| R2 | 66.82 | 1.03 % | ||
| R1 | 66.63 | 0.744 % | ||
| Current price: | 66.14 | |||
| Support | S1 | 66.03 | -0.169 % | |
| S2 | 65.84 | -0.451 % | ||
| S3 | 65.54 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.92 | 4.20 % | |
| R2 | 67.42 | 1.94 % | ||
| R1 | 66.95 | 1.22 % | ||
| Current price | 66.14 | |||
| Support | S1 | 65.64 | -0.756% | |
| S2 | 65.59 | -0.83% | ||
| S3 | 64.89 | -1.89% |
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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