Ishares Trust ETF Forecast

Ishares Trust ETF downgraded from Strong Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

IBIC Signals & Forecast

The Ishares Trust 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 $25.66 and $25.56. 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). 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, May 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.

Support, Risk & Stop-loss for Ishares Trust ETF

Ishares Trust finds support from accumulated volume at $25.52 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 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0062%

Our recommended stop-loss: $24.72 (-3.72%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 60 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Ishares Trust to open at $25.68, and during the day (based on 14 day Average True Range), to move between $25.65 and $25.70, which gives a possible trading interval of +/-$0.0221 (+/-0.09%) up or down from last closing price. If Ishares Trust takes out the full calculated possible swing range there will be an estimated 0.17% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $25.52, some $0.156 (0.61%) from the current price of $25.68, our system finds the risk reward attractive.

Is Ishares Trust ETF A Buy?

Ishares Trust 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.597 Hold/Accumulate Downgraded

Predicted Opening Price for Ishares Trust of Monday, July 1, 2024

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