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iShares MSCI South Korea ETF price ended at $67.11 on Thursday, after losing 0.282%.
(Updated on Mar 28, 2024)

Buy candidate since Mar 19, 2024 Gain 2.80% PDF

The iShares MSCI South Korea ETF price fell by -0.282% on the last day (Thursday, 28th Mar 2024) from $67.30 to $67.11. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.410% from a day low at $67.01 to a day high of $67.28. The price has fallen in 6 of the last 10 days but is still up by 0.09% over the past 2 weeks. Volume has increased on the last day by 633 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, 3 million shares were bought and sold for approximately $190.79 million.

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 11.68% during the next 3 months and, with a 90% probability hold a price between $70.70 and $76.07 at the end of this 3-month period.

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EWY Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.622%. Further fall is indicated until a new bottom pivot has been found. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The iShares MSCI South Korea ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $67.25. On a fall, the ETF will find some support from the long-term average at approximately $65.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for iShares MSCI South Korea ETF

iShares MSCI South Korea finds support from accumulated volume at $67.05 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 $0.275 between high and low, or 0.410%. For the last week the ETF has had daily average volatility of 0.575%.

Our recommended stop-loss: $65.05 (-3.07%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (EWY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect iShares MSCI South Korea ETF to open at $67.13, and during the day (based on 14 day Average True Range), to move between $66.30 and $67.92, which gives a possible trading interval of +/-$0.81 (+/-1.20%) up or down from last closing price. If iShares MSCI South Korea ETF takes out the full calculated possible swing range there will be an estimated 2.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $67.05 (0.09%) than the resistance at $67.22 (0.16%), 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 South Korea ETF ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.521 Buy Candidate Unchanged

Predicted Opening Price for iShares MSCI South Korea ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$67.13 ( 0.0323%) $67.11

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EWY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 67.41 0.442 %
R2 67.30 0.286 %
R1 67.24 0.189 %
Current price: 67.11
Support S1 67.03 -0.124 %
S2 66.96 -0.221 %
S3 66.86 -0.377 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 67.53 0.626 %
R2 67.30 0.283 %
R1 67.22 0.164 %
Current price 67.11
Support S1 67.05 -0.0894%
S2 62.61 -6.71%
S3 58.53 -12.78%

EWY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 20, 2023 Dec 20, 2023 Dec 20, 2023 $1.65 2.62%
2 Dec 14, 2021 Dec 13, 2022 Dec 19, 2022 $0.697 1.23%
3 Dec 16, 2020 Dec 13, 2021 Dec 17, 2021 $1.68 2.14%
4 Dec 16, 2019 Dec 14, 2020 Dec 18, 2020 $0.630 0.776%
5 Dec 28, 2018 Dec 16, 2019 Dec 20, 2019 $1.31 2.11%

FAQ

What is the symbol for iShares MSCI South Korea ETF ETF and on which exchange is it traded?
The symbol for iShares MSCI South Korea ETF is EWY and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell iShares MSCI South Korea ETF ETF?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy iShares MSCI South Korea ETF ETF?
iShares MSCI South Korea ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy iShares MSCI South Korea ETF ETF.

What's the current price of iShares MSCI South Korea ETF ETF?
As of the end of day on the 2024-03-28, the price of an iShares MSCI South Korea ETF (EWY) share was $67.11.

What is the 52-week high and low for iShares MSCI South Korea ETF ETF?
The 52-week high for iShares MSCI South Korea ETF ETF is $68.20 and the 52-week low is $54.49.

What is the market capitalization of iShares MSCI South Korea ETF ETF?
As of the 2024-03-28, the market capitalization of iShares MSCI South Korea ETF is 5.074B.
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About iShares MSCI South Korea ETF

The investment seeks to track the investment results of the MSCI Korea 25/50 Index. The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts representing securities in its underlying index. The underlying index is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights so that no single issuer exceeds 25% of the underl... EWY Profile

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