iShares Core International Aggregate ETF Forecast
iShares Core International Aggregate ETF upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The iShares Core International Aggregate ETF price gained 0.221% on the last trading day (Tuesday, 2nd Jul 2024), rising from $49.77 to $49.88. During the last trading day the ETF fluctuated 0.150% from a day low at $49.85 to a day high of $49.92. The price has risen in 5 of the last 10 days but is still down by -0.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 81 thousand more shares were traded than the day before. In total, 323 thousand shares were bought and sold for approximately $16.10 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Core International Aggregate ETF with a 90% probability to be traded between $49.99 and $50.63 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
The iShares Core International Aggregate ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $49.95. On a fall, the ETF will find some support from the long-term average at approximately $49.83. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, June 25, 2024, and so far it has fallen -0.459%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.
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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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 12 Months
The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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 Tuesday, June 25, 2024 and based on theory for this formation the price should fall by -1.67% to $49.05 within 27 trading days since signal was issued (Friday, August 02, 2024).
Support, Risk & Stop-loss for iShares Core International Aggregate ETF
iShares Core International Aggregate finds support from accumulated volume at $49.86 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 $0.0749 between high and low, or 0.150%. For the last week the ETF has had daily average volatility of 0.162%.
Our recommended stop-loss: $47.90 (-3.96%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (IAGG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect iShares Core International Aggregate Bond ETF to open at $49.88, and during the day (based on 14 day Average True Range), to move between $49.75 and $50.01, which gives a possible trading interval of +/-$0.132 (+/-0.26%) 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 0.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.86 (0.04%) than the resistance at $49.93 (0.10%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares Core International Aggregate ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.502 Buy Candidate Upgraded
Predicted Opening Price for iShares Core International Aggregate Bond ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $49.88 ( 0.0033%) | $49.88 |
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 | |
|---|---|---|
| R3 | 49.96 | 0.153% |
| R2 | 49.93 | 0.0961% |
| R1 | 49.91 | 0.0606% |
| Price | 49.88 | |
| S1 | 49.85 | -0.0541% |
| S2 | 49.84 | -0.0895% |
| S3 | 49.81 | -0.147% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.09 | 0.421% |
| R2 | 49.98 | 0.200% |
| R1 | 49.93 | 0.100% |
| Price | 49.88 | |
| S1 | 49.86 | -0.0401% |
| S2 | 49.73 | -0.301% |
| S3 | 49.44 | -0.88% |
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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