iShares Canadian Financial Monthly ETF Forecast
iShares Canadian Financial Monthly ETF price ended at $7.15 on Wednesday, after losing 0%.
(Updated on May 08, 2024)
No changes to the price of iShares Canadian Financial Monthly ETF on the last trading day (Wednesday, 8th May 2024). During the last trading day the ETF fluctuated 0% from a day low at $7.15 to a day high of $7.15. The price has risen in 6 of the last 10 days and is up by 2.44% over the past 2 weeks.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Canadian Financial Monthly ETF with a 90% probability to be traded between $7.04 and $7.32 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FIE.TO Signals & Forecast
The iShares Canadian Financial Monthly ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.09 and $7.08. 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 Tuesday, May 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for iShares Canadian Financial Monthly ETF
iShares Canadian Financial Monthly finds support from accumulated volume at $7.01 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.452%
Our recommended stop-loss: $6.91 (-3.42%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FIE.TO) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect iShares Canadian Financial Monthly Income ETF to open at $7.15, and during the day (based on 14 day Average True Range), to move between $7.10 and $7.20, which gives a possible trading interval of +/-$0.0479 (+/-0.67%) up or down from last closing price. If iShares Canadian Financial Monthly Income ETF takes out the full calculated possible swing range there will be an estimated 1.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.16 (0.14%) than the support at $7.01 (1.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is iShares Canadian Financial Monthly Income ETF ETF A Buy?
iShares Canadian Financial Monthly 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: -0.674 Hold/Accumulate Unchanged
Predicted Opening Price for iShares Canadian Financial Monthly Income ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $7.15 ( 0.00000000%) | $7.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIE.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.15 | 0.00000000 % | |
| R2 | 7.15 | 0.00000000 % | ||
| R1 | 7.15 | 0.00000000 % | ||
| Current price: | 7.15 | |||
| Support | S1 | 7.15 | 0.00000000 % | |
| S2 | 7.15 | 0.00000000 % | ||
| S3 | 7.15 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.20 | 0.699 % | |
| R2 | 7.17 | 0.280 % | ||
| R1 | 7.16 | 0.140 % | ||
| Current price | 7.15 | |||
| Support | S1 | 7.01 | -1.96% | |
| S2 | 6.98 | -2.38% | ||
| S3 | 6.97 | -2.59% |
FIE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 30, 2024 | $0.0400 | 0.572% |
| 2 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | $0.0400 | 0.556% |
| 3 | Feb 23, 2024 | Feb 23, 2024 | Feb 29, 2024 | $0.0400 | 0.571% |
| 4 | Jan 25, 2024 | Jan 25, 2024 | Jan 31, 2024 | $0.0400 | 0.574% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0400 | 0.583% |
FAQ
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