iShares International Select Dividend ETF Forecast
Green day on Friday for iShares International Select Dividend
(Updated on May 10, 2024)
The iShares International Select Dividend ETF price gained 0.554% on the last trading day (Friday, 10th May 2024), rising from $28.90 to $29.06. During the last trading day the ETF fluctuated 0.379% from a day low at $29.03 to a day high of $29.14. The price has risen in 7 of the last 10 days and is up by 3.56% over the past 2 weeks. Volume fell on the last day by -213 thousand shares and in total, 293 thousand shares were bought and sold for approximately $8.50 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $28.56, a level that may pose a second chance to hit a runner. According to fan-theory $29.94 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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. 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 $28.64 and $27.96. 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 7.87%. 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). 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.
Support, Risk & Stop-loss for iShares International Select Dividend ETF
iShares International Select Dividend finds support from accumulated volume at $27.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.110 (0.379%) between high and low. For the last week, the ETF has had daily average volatility of 0.512%.
Our recommended stop-loss: $27.69 (-4.71%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (IDV) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect iShares International Select Dividend ETF to open at $29.08, and during the day (based on 14 day Average True Range), to move between $28.76 and $29.36, which gives a possible trading interval of +/-$0.303 (+/-1.04%) 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 2.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $27.81, some $1.26 (4.32%) from the current price of $29.06, our system finds the risk reward attractive.
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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for iShares International Select Dividend ETF of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$29.08 ( 0.0575%) | $29.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.19 | 0.436 % | |
R2 | 29.14 | 0.291 % | ||
R1 | 29.12 | 0.202 % | ||
Current price: | 29.06 | |||
Support | S1 | 29.03 | -0.0870 % | |
S2 | 29.01 | -0.176 % | ||
S3 | 28.97 | -0.321 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 29.06 | |||
Support | S1 | 27.81 | -4.32% | |
S2 | 27.78 | -4.40% | ||
S3 | 27.19 | -6.43% |
IDV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.236 | 0.84% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.373 | 1.37% |
3 | Sep 25, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.508 | 2.04% |
4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.727 | 2.74% |
5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.214 | 0.789% |
FAQ
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