iShares U.S. Oil & Gas Exploration & ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
iShares U.S. Oil & Gas Exploration & ETF price up 1.01% on Monday
(Updated on May 06, 2024)
The iShares U.S. Oil & Gas Exploration & ETF price gained 1.01% on the last trading day (Monday, 6th May 2024), rising from $103.45 to $104.49. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.44% from a day low at $104.02 to a day high of $105.52. The price has risen in 7 of the last 10 days but is still down by -2.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 118 thousand shares were bought and sold for approximately $12.31 million.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $103.38 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 18.24% during the next 3 months and, with a 90% probability hold a price between $122.23 and $139.78 at the end of this 3-month period.
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IEO Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares U.S. Oil & Gas Exploration & ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $105.04 and $107.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -6.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for iShares U.S. Oil & Gas Exploration & ETF
iShares U.S. Oil & Gas Exploration & finds support from accumulated volume at $102.48 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 $1.50 (1.44%) between high and low. For the last week, the ETF has had daily average volatility of 2.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IEO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect iShares U.S. Oil & Gas Exploration & Production ETF to open at $104.68, and during the day (based on 14 day Average True Range), to move between $102.53 and $106.45, which gives a possible trading interval of +/-$1.96 (+/-1.88%) up or down from last closing price. If iShares U.S. Oil & Gas Exploration & Production ETF takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $102.48 (1.92%) than the resistance at $106.97 (2.37%), 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 U.S. Oil & Gas Exploration & Production ETF ETF A Buy?
The iShares U.S. Oil & Gas Exploration & ETF holds several negative signals and despite the positive trend, we believe iShares U.S. Oil & Gas Exploration & will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.164 Sell Candidate Unchanged
Predicted Opening Price for iShares U.S. Oil & Gas Exploration & Production ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $104.68 ( 0.179%) | $104.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.18 | 1.61 % | |
| R2 | 105.60 | 1.07 % | ||
| R1 | 105.25 | 0.727 % | ||
| Current price: | 104.49 | |||
| Support | S1 | 104.10 | -0.370 % | |
| S2 | 103.75 | -0.709 % | ||
| S3 | 103.18 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 111.94 | 7.13 % | |
| R2 | 110.85 | 6.09 % | ||
| R1 | 106.97 | 2.37 % | ||
| Current price | 104.49 | |||
| Support | S1 | 102.48 | -1.92% | |
| S2 | 101.90 | -2.48% | ||
| S3 | 94.38 | -9.68% |
IEO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.594 | 0.563% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.97 | 1.03% |
| 3 | Sep 25, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.499 | 0.526% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.547 | 0.656% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.785 | 0.92% |
FAQ
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