iShares MSCI Brazil Small-Cap ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for iShares MSCI Brazil Small-Cap as ETF downgraded to Sell Candidate.
(Updated on May 17, 2024)
The iShares MSCI Brazil Small-Cap ETF price gained 0.88% on the last trading day (Friday, 17th May 2024), rising from $13.71 to $13.83. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.28% from a day low at $13.66 to a day high of $13.84. The price has risen in 5 of the last 10 days but is still down by -0.58% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 147 thousand more shares were traded than the day before. In total, 223 thousand shares were bought and sold for approximately $3.08 million.
The ETFhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $13.75, a level that may pose a second chance to hit a runner. According to fan-theory $15.04 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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.
Golden Star
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
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $13.78 ( 0.398%) | $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 | 13.95 | 0.87 % | |
| R2 | 13.88 | 0.384 % | ||
| R1 | 13.84 | 0.0857 % | ||
| Current price: | 13.83 | |||
| Support | S1 | 13.71 | -0.88 % | |
| S2 | 13.67 | -1.18 % | ||
| S3 | 13.60 | -1.66 % |
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 | 13.64 | -1.37% | ||
| S3 | 13.54 | -2.10% |
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
Click here for our free guide on how to buy iShares MSCI Brazil Small-Cap ETF ETF.
