RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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iShares MSCI Brazil ETF price ended at $32.42 on Thursday, after losing 0.277%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 20, 2024 Loss -1.22% PDF

The iShares MSCI Brazil ETF price fell by -0.277% on the last day (Thursday, 28th Mar 2024) from $32.51 to $32.42. During the last trading day the ETF fluctuated 0.99% from a day low at $32.26 to a day high of $32.58. The price has been going up and down for this period, and there has been a 0.06% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -569 thousand shares and in total, 18 million shares were bought and sold for approximately $595.73 million.

The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.90% during the next 3 months and, with a 90% probability hold a price between $29.86 and $31.81 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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EWZ Signals & Forecast

There are mixed signals in the ETF today. The iShares MSCI Brazil 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 $32.42 and $32.79. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 1.34%. 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).

Support, Risk & Stop-loss for iShares MSCI Brazil ETF

iShares MSCI Brazil finds support from accumulated volume at $32.33 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 $0.320 between high and low, or 0.99%. For the last week the ETF has had daily average volatility of 0.93%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect iShares MSCI Brazil ETF to open at $32.42, and during the day (based on 14 day Average True Range), to move between $31.97 and $32.87, which gives a possible trading interval of +/-$0.450 (+/-1.39%) up or down from last closing price. If iShares MSCI Brazil ETF takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $32.33 (0.28%) than the resistance at $32.68 (0.80%), 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 Brazil ETF ETF A Buy?

iShares MSCI Brazil holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -2.503 Sell Candidate Unchanged

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

Fair opening price April 1, 2024 Current price
$32.42 ( 0%) $32.42

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

Trading levels for EWZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 32.74 0.99 %
R2 32.62 0.610 %
R1 32.54 0.377 %
Current price: 32.42
Support S1 32.30 -0.377 %
S2 32.22 -0.610 %
S3 32.10 -0.99 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 34.07 5.09 %
R2 32.93 1.57 %
R1 32.68 0.80 %
Current price 32.42
Support S1 32.33 -0.278%
S2 32.27 -0.463%
S3 31.99 -1.33%

EWZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 20, 2023 Dec 20, 2023 Dec 20, 2023 $1.22 3.61%
2 Nov 28, 2022 Jun 07, 2023 Jun 13, 2023 $0.756 2.39%
3 Dec 13, 2021 Dec 13, 2022 Dec 19, 2022 $2.02 7.55%
4 Dec 13, 2021 Jun 09, 2022 Jun 15, 2022 $1.50 5.07%
5 Dec 30, 2021 Dec 30, 2021 Dec 30, 2021 $0.161 0.576%

FAQ

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

Should I buy or sell iShares MSCI Brazil ETF ETF?
iShares MSCI Brazil holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

How to buy iShares MSCI Brazil ETF ETF?
iShares MSCI Brazil 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 Brazil ETF ETF.

What's the current price of iShares MSCI Brazil ETF ETF?
As of the end of day on the 2024-03-28, the price of an iShares MSCI Brazil ETF (EWZ) share was $32.42.

What is the 52-week high and low for iShares MSCI Brazil ETF ETF?
The 52-week high for iShares MSCI Brazil ETF ETF is $35.74 and the 52-week low is $26.50.

What is the market capitalization of iShares MSCI Brazil ETF ETF?
As of the 2024-03-28, the market capitalization of iShares MSCI Brazil ETF is 6.502B.
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About iShares MSCI Brazil ETF

The investment seeks to track the investment results of the MSCI Brazil 25/50 Index. The fund generally invests at least 80% of its assets in the securities of its underlying index and in depositary receipts representing securities in its underlying index. The 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 underlying index weight... EWZ Profile

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