Ishares Trust ETF Forecast

Green day on Thursday for Ishares Trust
(Updated on Jun 27, 2024)

IBID Signals & Forecast

Mostly positive signals in the chart today. The Ishares Trust 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 $25.76. On a fall, the ETF will find some support from the long-term average at approximately $25.61. 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. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.246%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Trust 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.

Support, Risk & Stop-loss for Ishares Trust ETF

Ishares Trust finds support from accumulated volume at $25.68 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 $0.0200 between high and low, or 0.0778%. For the last week the ETF has had daily average volatility of 0.670%.

Our recommended stop-loss: $24.19 (-5.89%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (IBID) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Ishares Trust to open at $25.71, and during the day (based on 14 day Average True Range), to move between $25.53 and $25.88, which gives a possible trading interval of +/-$0.175 (+/-0.68%) up or down from last closing price. If Ishares Trust takes out the full calculated possible swing range there will be an estimated 1.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.68 (0.09%) than the resistance at $26.32 (2.40%), 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 Trust 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 Trust ETF to perform well in the short-term period.

Current score: 2.750 Buy Candidate Unchanged

Predicted Opening Price for Ishares Trust of Friday, June 28, 2024

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