ISHARES CORE MSCI EUROPE ETF Forecast
ISHARES CORE MSCI EUROPE ETF upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The ISHARES CORE MSCI EUROPE ETF price fell by -0.208% on the last day (Tuesday, 25th Jun 2024) from $57.73 to $57.61. During the last trading day the ETF fluctuated 0.576% from a day low at $57.34 to a day high of $57.67. The price has been going up and down for this period, and there has been a -3.39% 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 -117 thousand shares and in total, 355 thousand shares were bought and sold for approximately $20.44 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $57.04 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 4.10% during the next 3 months and, with a 90% probability hold a price between $59.38 and $63.52 at the end of this 3-month period.
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IEUR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.41%. 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 EUROPE 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 $59.02. On a fall, the ETF will find some support from the short-term average at $57.40. 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. The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for ISHARES CORE MSCI EUROPE ETF
ISHARES CORE MSCI EUROPE finds support from accumulated volume at $57.54 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 $0.330 (0.576%) between high and low. For the last week, the ETF has had daily average volatility of 0.586%.
Our recommended stop-loss: $54.12 (-6.05%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (IEUR) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ISHARES CORE MSCI EUROPE ETF to open at $57.54, and during the day (based on 14 day Average True Range), to move between $56.92 and $58.30, which gives a possible trading interval of +/-$0.687 (+/-1.19%) up or down from last closing price. If ISHARES CORE MSCI EUROPE ETF takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.65 (0.07%) than the support at $57.54 (0.12%), 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 EUROPE ETF ETF A Buy?
ISHARES CORE MSCI EUROPE 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: -0.071 Hold/Accumulate Upgraded
Predicted Opening Price for ISHARES CORE MSCI EUROPE ETF of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$57.54 ( 0.122%) | $57.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEUR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 57.87 | 0.451% |
R2 | 57.74 | 0.232% |
R1 | 57.67 | 0.0973% |
Price | 57.61 | |
S1 | 57.41 | -0.340% |
S2 | 57.34 | -0.476% |
S3 | 57.21 | -0.694% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 60.36 | 4.77% |
R2 | 57.73 | 0.208% |
R1 | 57.65 | 0.0694% |
Price | 57.61 | |
S1 | 57.54 | -0.122% |
S2 | 56.78 | -1.44% |
S3 | 55.50 | -3.66% |
IEUR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.568 | 1.05% |
2 | Nov 29, 2022 | Jun 07, 2023 | Jun 13, 2023 | $1.18 | 2.25% |
3 | Dec 24, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.340 | 0.722% |
4 | Dec 24, 2021 | Jun 09, 2022 | Jun 15, 2022 | $1.11 | 2.44% |
5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.0770 | 0.132% |
FAQ
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