iShares Core International Aggregate ETF Forecast
iShares Core International Aggregate ETF price up 0.162% on Monday
(Updated on Apr 22, 2024)
The iShares Core International Aggregate ETF price gained 0.162% on the last trading day (Monday, 22nd Apr 2024), rising from $49.51 to $49.59. During the last trading day the ETF fluctuated 0.162% from a day low at $49.51 to a day high of $49.59. The price has risen in 6 of the last 10 days but is still down by -0.14% for this period. Volume fell on the last day by -6 thousand shares and in total, 277 thousand shares were bought and sold for approximately $13.76 million. 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 is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $49.45 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect iShares Core International Aggregate ETF with a 90% probability to be traded between $49.81 and $50.52 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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IAGG Signals & Forecast
There are mixed signals in the ETF today. The iShares Core International Aggregate 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 $49.71. On a fall, the ETF will find some support from the short-term average at $49.55. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.324%. Further rise is indicated until a new top pivot has been found. 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. The ETF had a Golden Star Signal on Thursday, February 29, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Thursday, February 29, 2024 in the short-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.
A sell signal from a double top formation was found on Wednesday, March 27, 2024 and based on theory for this formation the price should fall by -0.86% to $49.16 within 38 trading days since signal was issued (Tuesday, April 23, 2024).
Support, Risk & Stop-loss for iShares Core International Aggregate ETF
iShares Core International Aggregate finds support from accumulated volume at $49.54 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 $0.0800 between high and low, or 0.162%. For the last week the ETF has had daily average volatility of 0.180%.
Our recommended stop-loss: $46.86 (-5.50%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (IAGG) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect iShares Core International Aggregate Bond ETF to open at $49.56, and during the day (based on 14 day Average True Range), to move between $49.45 and $49.73, which gives a possible trading interval of +/-$0.143 (+/-0.29%) up or down from last closing price. If iShares Core International Aggregate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.54 (0.10%) than the resistance at $49.66 (0.14%), 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 Core International Aggregate Bond ETF ETF A Buy?
iShares Core International Aggregate holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.138 Hold/Accumulate Unchanged
Predicted Opening Price for iShares Core International Aggregate Bond ETF of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $49.56 ( 0.0538%) | $49.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IAGG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.64 | 0.108 % | |
| R2 | 49.61 | 0.0459 % | ||
| R1 | 49.59 | 0.0079 % | ||
| Current price: | 49.59 | |||
| Support | S1 | 49.53 | -0.115 % | |
| S2 | 49.51 | -0.153 % | ||
| S3 | 49.48 | -0.215 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.78 | 0.383 % | |
| R2 | 49.72 | 0.262 % | ||
| R1 | 49.66 | 0.141 % | ||
| Current price | 49.59 | |||
| Support | S1 | 49.54 | -0.101% | |
| S2 | 49.52 | -0.141% | ||
| S3 | 49.43 | -0.323% |
IAGG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $1.77 | 3.59% |
| 2 | Dec 14, 2022 | Dec 15, 2022 | Dec 21, 2022 | $1.08 | 2.25% |
| 3 | Dec 15, 2021 | Dec 16, 2021 | Dec 22, 2021 | $0.632 | 1.15% |
| 4 | Nov 30, 2020 | Dec 01, 2020 | Dec 01, 2020 | $0.0480 | 0.0860% |
| 5 | Oct 30, 2020 | Nov 02, 2020 | Nov 06, 2020 | $0.0560 | 0.100% |
FAQ
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