iShares Core High Dividend ETF Forecast
iShares Core High Dividend ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jul 03, 2024)
The iShares Core High Dividend ETF price fell by -0.148% on the last day (Wednesday, 3rd Jul 2024) from $108.35 to $108.19. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.499% from a day low at $108.11 to a day high of $108.65. The price has fallen in 7 of the last 10 days but is still up by 0.86% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -106 thousand shares and in total, 236 thousand shares were bought and sold for approximately $25.58 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Core High Dividend ETF with a 90% probability to be traded between $106.19 and $111.96 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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HDV Signals & Forecast
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. The iShares Core High Dividend 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 $108.56 and $109.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for iShares Core High Dividend ETF
iShares Core High Dividend finds support from accumulated volume at $107.38 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 $0.540 between high and low, or 0.499%. For the last week the ETF has had daily average volatility of 0.85%.
Our recommended stop-loss: $103.77 (-4.08%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (HDV) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect iShares Core High Dividend ETF to open at $108.32, and during the day (based on 14 day Average True Range), to move between $107.18 and $109.20, which gives a possible trading interval of +/-$1.01 (+/-0.94%) up or down from last closing price. If iShares Core High Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $108.51 (0.30%) than the support at $107.38 (0.75%), 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 Core High Dividend ETF ETF A Buy?
iShares Core High Dividend 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: 0.309 Hold/Accumulate Upgraded
Predicted Opening Price for iShares Core High Dividend ETF of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $108.32 ( 0.117%) | $108.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HDV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 108.86 | 0.616% |
| R2 | 108.65 | 0.426% |
| R1 | 108.52 | 0.308% |
| Price | 108.19 | |
| S1 | 108.11 | -0.0736% |
| S2 | 107.98 | -0.191% |
| S3 | 107.78 | -0.382% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 109.32 | 1.04% |
| R2 | 109.08 | 0.82% |
| R1 | 108.51 | 0.296% |
| Price | 108.19 | |
| S1 | 107.38 | -0.749% |
| S2 | 107.27 | -0.85% |
| S3 | 106.50 | -1.56% |
HDV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 06, 2023 | Mar 21, 2024 | Mar 27, 2024 | $0.84 | 0.762% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.98 | 0.97% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $1.08 | 1.10% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.796 | 0.793% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $1.04 | 1.04% |
FAQ
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