iShares Currency Hedged MSCI EAFE ETF Forecast

iShares Currency Hedged MSCI EAFE ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

HEFA Signals & Forecast

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 Currency Hedged MSCI EAFE ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $35.59. On a fall, the ETF will find some support from the short-term average at $35.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.07%. 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). The ETF had a Golden Star Signal on Monday, August 28, 2023 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 Currency Hedged MSCI EAFE ETF

iShares Currency Hedged MSCI EAFE finds support from accumulated volume at $35.52 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 $0.225 between high and low, or 0.635%. For the last week the ETF has had daily average volatility of 0.457%.

Our recommended stop-loss: $34.21 (-3.77%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (HEFA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect iShares Currency Hedged MSCI EAFE ETF to open at $35.54, and during the day (based on 14 day Average True Range), to move between $35.29 and $35.82, which gives a possible trading interval of +/-$0.261 (+/-0.74%) up or down from last closing price. If iShares Currency Hedged MSCI EAFE ETF takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.52 (0.10%) than the resistance at $35.73 (0.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iShares Currency Hedged MSCI EAFE ETF ETF A Buy?

iShares Currency Hedged MSCI EAFE 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: 0.570 Hold/Accumulate Upgraded

Predicted Opening Price for iShares Currency Hedged MSCI EAFE ETF of Monday, July 1, 2024

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