ISHARES CURRENCY HEDGED MSCI EUROZONE ETF Forecast
ISHARES CURRENCY HEDGED MSCI EUROZONE ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The ISHARES CURRENCY HEDGED MSCI EUROZONE ETF price gained 1.19% on the last trading day (Friday, 26th Apr 2024), rising from $36.04 to $36.47. During the last trading day the ETF fluctuated 0.503% from a day low at $36.32 to a day high of $36.51. The price has been going up and down for this period, and there has been a 1.9% gain for the last 2 weeks. Volume fell on the last day by -252 thousand shares and in total, 21 thousand shares were bought and sold for approximately $756.75 thousand. 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 middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.59% during the next 3 months and, with a 90% probability hold a price between $38.51 and $40.65 at the end of this 3-month period.
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HEZU Signals & Forecast
The ISHARES CURRENCY HEDGED MSCI EUROZONE ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $36.06 and $36.14. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -1.32%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for ISHARES CURRENCY HEDGED MSCI EUROZONE ETF
ISHARES CURRENCY HEDGED MSCI EUROZONE finds support from accumulated volume at $36.30 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 $0.183 between high and low, or 0.503%. For the last week the ETF has had daily average volatility of 0.710%
Our recommended stop-loss: $35.19 (-3.51%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (HEZU) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect ISHARES CURRENCY HEDGED MSCI EUROZONE ETF ISHARES CURRENCY HEDGED MSCI EUROZONE ETF to open at $36.43, and during the day (based on 14 day Average True Range), to move between $36.12 and $36.82, which gives a possible trading interval of +/-$0.348 (+/-0.95%) up or down from last closing price. If ISHARES CURRENCY HEDGED MSCI EUROZONE ETF ISHARES CURRENCY HEDGED MSCI EUROZONE ETF takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.49 (0.05%) than the support at $36.30 (0.47%), 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 EUROZONE ETF ISHARES CURRENCY HEDGED MSCI EUROZONE ETF ETF A Buy?
ISHARES CURRENCY HEDGED MSCI EUROZONE 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: 0.207 Hold/Accumulate Upgraded
Predicted Opening Price for ISHARES CURRENCY HEDGED MSCI EUROZONE ETF ISHARES CURRENCY HEDGED MSCI EUROZONE ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $36.43 ( 0.0983%) | $36.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEZU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.62 | 0.402 % | |
| R2 | 36.55 | 0.211 % | ||
| R1 | 36.50 | 0.0929 % | ||
| Current price: | 36.47 | |||
| Support | S1 | 36.36 | -0.290 % | |
| S2 | 36.32 | -0.408 % | ||
| S3 | 36.25 | -0.599 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.96 | 1.34 % | |
| R2 | 36.56 | 0.247 % | ||
| R1 | 36.49 | 0.0548 % | ||
| Current price | 36.47 | |||
| Support | S1 | 36.30 | -0.466% | |
| S2 | 36.19 | -0.768% | ||
| S3 | 33.95 | -6.91% |
HEZU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.253 | 0.762% |
| 2 | Dec 05, 2022 | Jul 03, 2023 | Jul 10, 2023 | $0.586 | 1.88% |
| 3 | Dec 23, 2022 | Dec 23, 2022 | Dec 23, 2022 | $0.129 | 0.459% |
| 4 | Dec 13, 2021 | Dec 02, 2022 | Dec 08, 2022 | $5.44 | 18.85% |
| 5 | Dec 13, 2021 | Jul 05, 2022 | Jul 11, 2022 | $0.90 | 2.92% |
FAQ
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