iShares International Select Dividend ETF Forecast

iShares International Select Dividend ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)

IDV Signals & Forecast

The iShares International Select Dividend ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $27.76 and $27.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.16%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 with a target of $27.68. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.

Support, Risk & Stop-loss for iShares International Select Dividend ETF

iShares International Select Dividend finds support from accumulated volume at $27.83 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 $0.187 between high and low, or 0.670%. For the last week the ETF has had daily average volatility of 0.89%.

Our recommended stop-loss: $26.78 (-4.56%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (IDV) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect iShares International Select Dividend ETF to open at $28.03, and during the day (based on 14 day Average True Range), to move between $27.74 and $28.38, which gives a possible trading interval of +/-$0.317 (+/-1.13%) up or down from last closing price. If iShares International Select Dividend ETF takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $28.14 (0.29%) than the support at $27.83 (0.82%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is iShares International Select Dividend ETF ETF A Buy?

iShares International Select Dividend 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.529 Hold/Accumulate Upgraded

Predicted Opening Price for iShares International Select Dividend ETF of Monday, April 29, 2024

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