iShares Currency Hedged MSCI EAFE ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for iShares Currency Hedged MSCI EAFE ETF after gaining 0.512%
(Updated on May 03, 2024)
The iShares Currency Hedged MSCI EAFE ETF price gained 0.512% on the last trading day (Friday, 3rd May 2024), rising from $31.27 to $31.43. During the last trading day the ETF fluctuated 0.478% from a day low at $31.33 to a day high of $31.48. The price has risen in 6 of the last 10 days and is up by 2.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $786.10 thousand.
The ETF lies in the middle of a narrow and 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 6.14% during the next 3 months and, with a 90% probability hold a price between $32.85 and $34.33 at the end of this 3-month period.
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HSCZ Signals & Forecast
The iShares Currency Hedged MSCI EAFE ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $31.21 and $31.13. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). iShares Currency Hedged MSCI EAFE has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, March 27, 2024, and so far it has fallen -0.412%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for iShares Currency Hedged MSCI EAFE ETF
iShares Currency Hedged MSCI EAFE finds support from accumulated volume at $31.01 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 $0.150 between high and low, or 0.478%. For the last week the ETF has had daily average volatility of 0.529%.
Our recommended stop-loss: $30.21 (-3.89%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (HSCZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect iShares Currency Hedged MSCI EAFE Small-Cap ETF to open at $31.41, and during the day (based on 14 day Average True Range), to move between $31.18 and $31.68, which gives a possible trading interval of +/-$0.245 (+/-0.78%) up or down from last closing price. If iShares Currency Hedged MSCI EAFE Small-Cap ETF takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.50 (0.22%) than the support at $31.01 (1.34%), 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 EAFE Small-Cap ETF ETF A Buy?
iShares Currency Hedged MSCI EAFE holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.039 Strong Buy Candidate Unchanged
Predicted Opening Price for iShares Currency Hedged MSCI EAFE Small-Cap ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $31.41 ( 0.0529%) | $31.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSCZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.56 | 0.424 % | |
| R2 | 31.51 | 0.242 % | ||
| R1 | 31.47 | 0.129 % | ||
| Current price: | 31.43 | |||
| Support | S1 | 31.36 | -0.235 % | |
| S2 | 31.32 | -0.348 % | ||
| S3 | 31.26 | -0.530 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.56 | 0.414 % | |
| R2 | 31.51 | 0.255 % | ||
| R1 | 31.50 | 0.223 % | ||
| Current price | 31.43 | |||
| Support | S1 | 31.01 | -1.34% | |
| S2 | 30.67 | -2.42% | ||
| S3 | 29.87 | -4.98% |
HSCZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.401 | 1.38% |
| 2 | Nov 29, 2022 | Jul 03, 2023 | Jul 10, 2023 | $0.473 | 1.71% |
| 3 | Dec 23, 2022 | Dec 23, 2022 | Dec 23, 2022 | $0.0020 | 0.0077% |
| 4 | Dec 13, 2021 | Dec 02, 2022 | Dec 08, 2022 | $6.34 | 24.16% |
| 5 | Dec 13, 2021 | Jul 05, 2022 | Jul 11, 2022 | $0.607 | 1.96% |
FAQ
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