iShares Currency Hedged MSCI ACWI ex ETF Forecast

iShares Currency Hedged MSCI ACWI ex ETF upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)

HAWX Signals & Forecast

There are few to no technical positive signals at the moment. The iShares Currency Hedged MSCI ACWI ex ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $30.81 and $30.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.66%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for iShares Currency Hedged MSCI ACWI ex ETF

iShares Currency Hedged MSCI ACWI ex finds support from accumulated volume at $30.23 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 $0.0749 between high and low, or 0.245%. For the last week the ETF has had daily average volatility of 0.688%

Our recommended stop-loss: $29.14 (-4.71%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (HAWX) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect iShares Currency Hedged MSCI ACWI ex U.S. ETF to open at $30.58, and during the day (based on 14 day Average True Range), to move between $30.36 and $30.80, which gives a possible trading interval of +/-$0.218 (+/-0.71%) up or down from last closing price. If iShares Currency Hedged MSCI ACWI ex U.S. ETF takes out the full calculated possible swing range there will be an estimated 1.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $30.60 (0.07%) than the support at $30.23 (1.14%), 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 Currency Hedged MSCI ACWI ex U.S. ETF ETF A Buy?

iShares Currency Hedged MSCI ACWI ex holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.753 Hold/Accumulate Upgraded

Predicted Opening Price for iShares Currency Hedged MSCI ACWI ex U.S. ETF of Monday, April 22, 2024

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