iShares U.S. Oil Equipment & Services ETF Forecast
Green day on Thursday for iShares U.S. Oil Equipment & Services ETF after gaining 0.339%
(Updated on Apr 18, 2024)
The iShares U.S. Oil Equipment & Services ETF price gained 0.339% on the last trading day (Thursday, 18th Apr 2024), rising from $22.59 to $22.67. During the last trading day the ETF fluctuated 1.97% from a day low at $22.60 to a day high of $23.04. The price has fallen in 7 of the last 10 days and is down by -6.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 98 thousand shares were bought and sold for approximately $2.22 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 $22.66 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 19.75% during the next 3 months and, with a 90% probability hold a price between $27.14 and $30.21 at the end of this 3-month period.
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IEZ 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 Equipment & Services ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.36 and $23.00. 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 -7.92%. 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 Equipment & Services ETF
iShares U.S. Oil Equipment & Services finds support from accumulated volume at $22.64 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 $0.445 (1.97%) between high and low. For the last week, the ETF has had daily average volatility of 2.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IEZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect iShares U.S. Oil Equipment & Services ETF to open at $22.77, and during the day (based on 14 day Average True Range), to move between $22.18 and $23.16, which gives a possible trading interval of +/-$0.489 (+/-2.16%) up or down from last closing price. If iShares U.S. Oil Equipment & Services ETF takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.64 (0.13%) than the resistance at $22.75 (0.35%), 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 Equipment & Services ETF ETF A Buy?
The iShares U.S. Oil Equipment & Services ETF holds several negative signals and despite the positive trend, we believe iShares U.S. Oil Equipment & Services will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -4.100 Sell Candidate Unchanged
Predicted Opening Price for iShares U.S. Oil Equipment & Services ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $22.77 ( 0.434%) | $22.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.21 | 2.40 % | |
| R2 | 23.04 | 1.65 % | ||
| R1 | 22.94 | 1.18 % | ||
| Current price: | 22.67 | |||
| Support | S1 | 22.60 | -0.316 % | |
| S2 | 22.49 | -0.779 % | ||
| S3 | 22.32 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.62 | 8.60 % | |
| R2 | 23.21 | 2.38 % | ||
| R1 | 22.75 | 0.353 % | ||
| Current price | 22.67 | |||
| Support | S1 | 22.64 | -0.132% | |
| S2 | 21.18 | -6.57% | ||
| S3 | 20.86 | -7.98% |
IEZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.0867 | 0.368% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.0640 | 0.292% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.0710 | 0.302% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.0120 | 0.0624% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.0650 | 0.337% |
FAQ
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