iShares Europe ETF Forecast
Green day on Friday for iShares Europe ETF after gaining 0.387%
(Updated on May 10, 2024)
The iShares Europe ETF price gained 0.387% on the last trading day (Friday, 10th May 2024), rising from $56.81 to $57.03. It has now gained 7 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.296% from a day low at $56.94 to a day high of $57.11. The price has risen in 8 of the last 10 days and is up by 3.6% over the past 2 weeks. Volume fell on the last day by -573 thousand shares and in total, 389 thousand shares were bought and sold for approximately $22.16 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 $56.79, a level that may pose a second chance to hit a runner. According to fan-theory $59.67 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IEV Signals & Forecast
The iShares Europe 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 $55.95 and $54.98. 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 6.92%. 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. The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.
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 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.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 12 Months
The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.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 Europe ETF
iShares Europe finds support from accumulated volume at $56.81 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 $0.168 between high and low, or 0.296%. For the last week the ETF has had daily average volatility of 0.489%.
The iShares Europe ETF is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken. Since the iShares Europe has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $54.35 (-4.70%) (This ETF has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (IEV) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect iShares Europe ETF to open at $57.03, and during the day (based on 14 day Average True Range), to move between $56.49 and $57.57, which gives a possible trading interval of +/-$0.545 (+/-0.96%) up or down from last closing price. If iShares Europe ETF takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $56.81, some $0.220 (0.39%) from the current price of $57.03, our system finds the risk reward attractive.
Is iShares Europe ETF ETF A Buy?
iShares 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.
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 Europe ETF of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
$57.03 ( 0.0068%) | $57.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 57.19 | 0.289 % | |
R2 | 57.13 | 0.176 % | ||
R1 | 57.09 | 0.106 % | ||
Current price: | 57.03 | |||
Support | S1 | 56.96 | -0.120 % | |
S2 | 56.92 | -0.189 % | ||
S3 | 56.86 | -0.302 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 57.03 | |||
Support | S1 | 56.81 | -0.386% | |
S2 | 55.45 | -2.77% | ||
S3 | 53.89 | -5.51% |
IEV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.359 | 0.694% |
2 | Nov 29, 2022 | Jun 07, 2023 | Jun 13, 2023 | $1.10 | 2.21% |
3 | Dec 24, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.201 | 0.446% |
4 | Dec 24, 2021 | Jun 09, 2022 | Jun 15, 2022 | $1.18 | 2.75% |
5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.0640 | 0.118% |
FAQ
Click here for our free guide on how to buy iShares Europe ETF ETF.