iShares MSCI Brazil Small-Cap ETF Forecast
iShares MSCI Brazil Small-Cap ETF price ended at $13.83 on Wednesday, after losing 0.144%.
(Updated on May 08, 2024)
The iShares MSCI Brazil Small-Cap ETF price fell by -0.144% on the last day (Wednesday, 8th May 2024) from $13.85 to $13.83. During the last trading day the ETF fluctuated 1.17% from a day low at $13.67 to a day high of $13.83. The price has risen in 6 of the last 10 days and is up by 5.08% over the past 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 -662 thousand shares and in total, 33 thousand shares were bought and sold for approximately $451.18 thousand.
The ETF lies in the middle of a wide and 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 -4.53% during the next 3 months and, with a 90% probability hold a price between $12.07 and $13.76 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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EWZS Signals & Forecast
The iShares MSCI Brazil Small-Cap ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.59 and $13.80. 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). 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 Friday, May 03, 2024, and so far it has fallen -0.575%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Tuesday, April 09, 2024 with a target of $14.33. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for iShares MSCI Brazil Small-Cap ETF
iShares MSCI Brazil Small-Cap finds support from accumulated volume at $13.82 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.160 between high and low, or 1.17%. For the last week the ETF has had daily average volatility of 1.01%.
Our recommended stop-loss: $13.31 (-3.78%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (EWZS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect iShares MSCI Brazil Small-Cap ETF to open at $13.78, and during the day (based on 14 day Average True Range), to move between $13.55 and $14.11, which gives a possible trading interval of +/-$0.276 (+/-2.00%) up or down from last closing price. If iShares MSCI Brazil Small-Cap ETF takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.82 (0.07%) than the resistance at $13.95 (0.87%), 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 Small-Cap ETF ETF A Buy?
iShares MSCI Brazil Small-Cap holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.054 Hold/Accumulate Unchanged
Predicted Opening Price for iShares MSCI Brazil Small-Cap ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $13.78 ( 0.386%) | $13.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWZS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.94 | 0.771 % | |
| R2 | 13.88 | 0.329 % | ||
| R1 | 13.84 | 0.0563 % | ||
| Current price: | 13.83 | |||
| Support | S1 | 13.72 | -0.83 % | |
| S2 | 13.68 | -1.10 % | ||
| S3 | 13.62 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.30 | 3.40 % | |
| R2 | 14.21 | 2.75 % | ||
| R1 | 13.95 | 0.87 % | ||
| Current price | 13.83 | |||
| Support | S1 | 13.82 | -0.0723% | |
| S2 | 13.62 | -1.52% | ||
| S3 | 13.42 | -2.96% |
EWZS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.245 | 1.60% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.169 | 1.17% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.321 | 2.88% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.218 | 1.68% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.0340 | 0.280% |
FAQ
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