iShares MSCI Brazil Small-Cap ETF Forecast

Weaker technical forecast for iShares MSCI Brazil Small-Cap as ETF downgraded to Sell Candidate.
(Updated on May 17, 2024)

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 $13.58 and $13.60. 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). 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. 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. The ETF had a Golden Star Signal on Wednesday, May 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

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 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 $0.175 (1.28%) between high and low. For the last week, the ETF has had daily average volatility of 1.06%.

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

Trading Expectations (EWZS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th 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 $13.58 and $14.08, which gives a possible trading interval of +/-$0.251 (+/-1.82%) 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 3.63% 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 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. 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: -1.529 Sell Candidate Downgraded

Predicted Opening Price for iShares MSCI Brazil Small-Cap ETF of Monday, May 20, 2024

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