iShares Cohen & Steers REIT ETF Forecast
iShares Cohen & Steers REIT ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The iShares Cohen & Steers REIT ETF price gained 0.531% on the last trading day (Friday, 19th Apr 2024), rising from $52.70 to $52.98. During the last trading day the ETF fluctuated 0.83% from a day low at $52.73 to a day high of $53.16. The price has fallen in 6 of the last 10 days and is down by -5.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 282 thousand more shares were traded than the day before. In total, 410 thousand shares were bought and sold for approximately $21.71 million.
The ETF lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $52.49 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.83% during the next 3 months and, with a 90% probability hold a price between $51.00 and $56.32 at the end of this 3-month period.
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ICF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.84%. Further rise is indicated until a new top pivot has been found. 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. The iShares Cohen & Steers REIT ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $53.43 and $56.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for iShares Cohen & Steers REIT ETF
iShares Cohen & Steers REIT finds support from accumulated volume at $52.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.435 between high and low, or 0.83%. For the last week, the ETF has had daily average volatility of 1.37%.
Our recommended stop-loss: $49.71 (-6.18%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (ICF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect iShares Cohen & Steers REIT ETF to open at $52.96, and during the day (based on 14 day Average True Range), to move between $52.13 and $53.83, which gives a possible trading interval of +/-$0.85 (+/-1.60%) up or down from last closing price. If iShares Cohen & Steers REIT ETF takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.78 (0.38%) than the resistance at $56.67 (6.96%), 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 Cohen & Steers REIT ETF ETF A Buy?
iShares Cohen & Steers REIT holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.320 Hold/Accumulate Upgraded
Predicted Opening Price for iShares Cohen & Steers REIT ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $52.96 ( 0.0472%) | $52.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.39 | 0.774 % | |
| R2 | 53.22 | 0.460 % | ||
| R1 | 53.12 | 0.266 % | ||
| Current price: | 52.98 | |||
| Support | S1 | 52.79 | -0.361 % | |
| S2 | 52.69 | -0.555 % | ||
| S3 | 52.52 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.04 | 7.66 % | |
| R2 | 56.91 | 7.42 % | ||
| R1 | 56.67 | 6.96 % | ||
| Current price | 52.98 | |||
| Support | S1 | 52.78 | -0.378% | |
| S2 | 52.70 | -0.529% | ||
| S3 | 52.54 | -0.83% |
ICF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.255 | 0.445% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.548 | 0.95% |
| 3 | Sep 25, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.599 | 1.22% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.210 | 0.382% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.264 | 0.492% |
FAQ
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