iShares MSCI Global Energy Producers ETF Forecast
Green day on Thursday for iShares MSCI Global Energy Producers
(Updated on May 02, 2024)
The iShares MSCI Global Energy Producers ETF price gained 0.752% on the last trading day (Thursday, 2nd May 2024), rising from $26.61 to $26.81. During the last trading day the ETF fluctuated 1.24% from a day low at $26.59 to a day high of $26.92. The price has risen in 7 of the last 10 days and is up by 0.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 393 thousand more shares were traded than the day before. In total, 404 thousand shares were bought and sold for approximately $10.84 million.
The ETF lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 16.93% during the next 3 months and, with a 90% probability hold a price between $31.20 and $33.85 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FILL Signals & Forecast
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. The iShares MSCI Global Energy Producers ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $27.21 and $26.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -3.73%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for iShares MSCI Global Energy Producers ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $25.37 and $24.75. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, iShares MSCI Global Energy Producers finds support just below today's level at $25.37. If this is broken, then the next support from accumulated volume will be at $24.75 and $24.22.
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 $0.330 between high and low, or 1.24%. For the last week the ETF has had daily average volatility of 1.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FILL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect iShares MSCI Global Energy Producers ETF to open at $26.77, and during the day (based on 14 day Average True Range), to move between $26.44 and $27.18, which gives a possible trading interval of +/-$0.370 (+/-1.38%) up or down from last closing price. If iShares MSCI Global Energy Producers ETF takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.43 (2.32%) than the support at $25.37 (5.37%), 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 MSCI Global Energy Producers ETF ETF A Buy?
The iShares MSCI Global Energy Producers ETF holds several negative signals and despite the positive trend, we believe iShares MSCI Global Energy Producers will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.033 Sell Candidate Unchanged
Predicted Opening Price for iShares MSCI Global Energy Producers ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $26.77 ( 0.137%) | $26.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FILL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.10 | 1.09 % | |
| R2 | 26.98 | 0.624 % | ||
| R1 | 26.90 | 0.333 % | ||
| Current price: | 26.81 | |||
| Support | S1 | 26.65 | -0.607 % | |
| S2 | 26.57 | -0.90 % | ||
| S3 | 26.44 | -1.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.63 | 3.06 % | |
| R2 | 27.48 | 2.48 % | ||
| R1 | 27.43 | 2.32 % | ||
| Current price | 26.81 | |||
| Support | S1 | 25.37 | -5.37% | |
| S2 | 24.75 | -7.68% | ||
| S3 | 24.22 | -9.65% |
FILL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.602 | 2.51% |
| 2 | Dec 02, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.401 | 1.74% |
| 3 | Dec 13, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.780 | 3.35% |
| 4 | Dec 13, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.389 | 1.64% |
| 5 | Dec 18, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.462 | 2.68% |
FAQ
Click here for our free guide on how to buy iShares MSCI Global Energy Producers ETF ETF.
