iShares Core MSCI EAFE ETF Forecast

Stronger technical forecast for iShares Core MSCI EAFE ETF price after Wednesday trading.
(Updated on Apr 24, 2024)

IEFA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Core MSCI EAFE ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $73.08. On a fall, the ETF will find some support from the short-term average at $71.35. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for iShares Core MSCI EAFE ETF

iShares Core MSCI EAFE finds support from accumulated volume at $70.91 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 $0.535 between high and low, or 0.744%. For the last week the ETF has had daily average volatility of 0.83%.

Our recommended stop-loss: $68.15 (-5.55%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (IEFA) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect iShares Core MSCI EAFE ETF to open at $72.15, and during the day (based on 14 day Average True Range), to move between $71.42 and $72.90, which gives a possible trading interval of +/-$0.738 (+/-1.02%) up or down from last closing price. If iShares Core MSCI EAFE ETF takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $73.06 (1.25%) than the support at $70.91 (1.73%), 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 Core MSCI EAFE 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 EAFE 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: 2.115 Buy Candidate Upgraded

Predicted Opening Price for iShares Core MSCI EAFE ETF of Thursday, April 25, 2024

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