Ishares Trust - Ishares U.s. Digital ETF Forecast
Red day on Tuesday for Ishares Trust - Ishares U.s. Digital ETF after losing 0.461%
(Updated on Jun 25, 2024)
The Ishares Trust - Ishares U.s. Digital ETF price fell by -0.461% on the last day (Tuesday, 25th Jun 2024) from $69.36 to $69.04. During the last trading day the ETF fluctuated 0.254% from a day low at $68.90 to a day high of $69.07. The price has been going up and down for this period, and there has been a -1.02% loss for the last 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 -881 shares and in total, 2 thousand shares were bought and sold for approximately $107.77 thousand.
Given the current horizontal trend, you can expect Ishares Trust - Ishares U.s. Digital ETF with a 90% probability to be traded between $69.86 and $71.14 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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IDGT Signals & Forecast
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. The Ishares Trust - Ishares U.s. Digital ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $69.78 and $69.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -1.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Ishares Trust - Ishares U.s. Digital ETF
Ishares Trust - Ishares U.s. Digital finds support from accumulated volume at $68.98 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 $0.175 between high and low, or 0.254%. For the last week the ETF has had daily average volatility of 0.678%
Our recommended stop-loss: $65.95 (-4.47%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (IDGT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares Trust - Ishares U.s. Digital Infrastructure And Real Estate Etf to open at $69.00, and during the day (based on 14 day Average True Range), to move between $68.48 and $69.60, which gives a possible trading interval of +/-$0.558 (+/-0.81%) up or down from last closing price. If Ishares Trust - Ishares U.s. Digital Infrastructure And Real Estate Etf takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $68.98 (0.09%) than the resistance at $70.08 (1.51%), 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 - Ishares U.s. Digital Infrastructure And Real Estate Etf ETF A Buy?
Ishares Trust - Ishares U.s. Digital 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.
Current score: -0.463 Hold/Accumulate Unchanged
Predicted Opening Price for Ishares Trust - Ishares U.s. Digital Infrastructure And Real Estate Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $69.00 ( 0.0555%) | $69.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDGT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 69.18 | 0.198% |
| R2 | 69.11 | 0.101% |
| R1 | 69.07 | 0.0413% |
| Price | 69.04 | |
| S1 | 68.93 | -0.152% |
| S2 | 68.89 | -0.212% |
| S3 | 68.83 | -0.309% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.23 | 1.72% |
| R2 | 70.18 | 1.65% |
| R1 | 70.08 | 1.51% |
| Price | 69.04 | |
| S1 | 68.98 | -0.0876% |
| S2 | 68.70 | -0.492% |
| S3 | 0 | - |
IDGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 28, 2023 | Mar 21, 2024 | Mar 27, 2024 | $0.185 | 0.257% |
| 2 | Sep 26, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.0747 | 0.121% |
| 3 | Jun 07, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.0528 | 0.0756% |
| 4 | Mar 23, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.0650 | 0.0941% |
| 5 | Dec 13, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.0542 | 0.0795% |
FAQ
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