iShares Core MSCI International ETF Forecast
Stronger technical forecast for iShares Core MSCI International ETF price after Wednesday trading.
(Updated on May 08, 2024)
The iShares Core MSCI International ETF price fell by -0.119% on the last day (Wednesday, 8th May 2024) from $66.96 to $66.88. During the last trading day the ETF fluctuated 0.436% from a day low at $66.59 to a day high of $66.88. The price has risen in 6 of the last 10 days and is up by 2.42% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -28 thousand shares and in total, 440 thousand shares were bought and sold for approximately $29.43 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.16% during the next 3 months and, with a 90% probability hold a price between $65.81 and $69.42 at the end of this 3-month period.
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IDEV Signals & Forecast
The iShares Core MSCI International 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 $66.06 and $65.96. 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 Tuesday, May 07, 2024, and so far it has fallen -0.119%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Tuesday, May 07, 2024 and based on theory for this formation the price should fall by -7.39% to $61.94 within 28 trading days since signal was issued (Thursday, May 09, 2024).
Support, Risk & Stop-loss for iShares Core MSCI International ETF
iShares Core MSCI International finds support from accumulated volume at $66.85 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 $0.290 between high and low, or 0.436%. For the last week the ETF has had daily average volatility of 0.605%.
Our recommended stop-loss: $64.48 (-3.59%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (IDEV) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect iShares Core MSCI International Developed Markets ETF to open at $66.78, and during the day (based on 14 day Average True Range), to move between $66.22 and $67.54, which gives a possible trading interval of +/-$0.663 (+/-0.99%) up or down from last closing price. If iShares Core MSCI International Developed Markets ETF takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $66.85 (0.04%) than the resistance at $67.04 (0.24%), 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 MSCI International Developed Markets ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares Core MSCI International ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.225 Buy Candidate Upgraded
Predicted Opening Price for iShares Core MSCI International Developed Markets ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $66.78 ( 0.145%) | $66.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDEV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.07 | 0.289 % | |
| R2 | 66.96 | 0.123 % | ||
| R1 | 66.89 | 0.0211 % | ||
| Current price: | 66.88 | |||
| Support | S1 | 66.67 | -0.310 % | |
| S2 | 66.60 | -0.413 % | ||
| S3 | 66.49 | -0.578 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.13 | 0.374 % | |
| R2 | 67.09 | 0.314 % | ||
| R1 | 67.04 | 0.239 % | ||
| Current price | 66.88 | |||
| Support | S1 | 66.85 | -0.0449% | |
| S2 | 64.93 | -2.92% | ||
| S3 | 62.44 | -6.64% |
IDEV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.87 | 1.40% |
| 2 | Dec 07, 2022 | Jun 07, 2023 | Jun 13, 2023 | $1.08 | 1.77% |
| 3 | Dec 14, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.333 | 0.600% |
| 4 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $1.17 | 2.15% |
| 5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.0810 | 0.120% |
FAQ
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