iShares China Large-Cap ETF Forecast
iShares China Large-Cap ETF price ended at $23.92 on Monday, after gaining 0.336%.
(Updated on Apr 15, 2024)
The iShares China Large-Cap ETF price gained 0.336% on the last trading day (Monday, 15th Apr 2024), rising from $23.84 to $23.92. During the last trading day the ETF fluctuated 1.55% from a day low at $23.86 to a day high of $24.23. The price has been going up and down for this period, and there has been a -1.97% loss for the last 2 weeks. Volume fell on the last day by -23 million shares and in total, 47 million shares were bought and sold for approximately $1.11 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.74 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 13.38% during the next 3 months and, with a 90% probability hold a price between $26.92 and $28.11 at the end of this 3-month period.
FXI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares China Large-Cap 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 $24.30 and $24.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -3.16%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Wednesday, March 27, 2024 in the long-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 12 Months
The ETF had a Golden Star Signal on Wednesday, March 27, 2024 in the long-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 China Large-Cap ETF
iShares China Large-Cap finds support from accumulated volume at $23.13 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.370 between high and low, or 1.55%. For the last week the ETF has had daily average volatility of 1.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FXI) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect iShares China Large-Cap ETF to open at $24.00, and during the day (based on 14 day Average True Range), to move between $23.53 and $24.31, which gives a possible trading interval of +/-$0.390 (+/-1.63%) up or down from last closing price. If iShares China Large-Cap ETF takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.04 (0.50%) than the support at $23.13 (3.30%), 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 China Large-Cap ETF ETF A Buy?
The iShares China Large-Cap ETF holds several negative signals and despite the positive trend, we believe iShares China Large-Cap will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.120 Sell Candidate Unchanged
Predicted Opening Price for iShares China Large-Cap ETF of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $24.00 ( 0.348%) | $23.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FXI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.37 | 1.90 % | |
| R2 | 24.23 | 1.30 % | ||
| R1 | 24.14 | 0.94 % | ||
| Current price: | 23.92 | |||
| Support | S1 | 23.86 | -0.243 % | |
| S2 | 23.77 | -0.608 % | ||
| S3 | 23.63 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.56 | 2.68 % | |
| R2 | 24.14 | 0.92 % | ||
| R1 | 24.04 | 0.502 % | ||
| Current price | 23.92 | |||
| Support | S1 | 23.13 | -3.30% | |
| S2 | 22.77 | -4.81% | ||
| S3 | 22.11 | -7.57% |
FXI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.607 | 2.65% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.154 | 0.549% |
| 3 | Dec 13, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.593 | 2.13% |
| 4 | Dec 13, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.146 | 0.443% |
| 5 | Dec 18, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.434 | 1.19% |
FAQ
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