iShares FTSE EPRA/NAREIT Global Real ETF Forecast
iShares FTSE EPRA/NAREIT Global Real ETF downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The iShares FTSE EPRA/NAREIT Global Real ETF price fell by -0.251% on the last day (Thursday, 18th Apr 2024) from $19.95 to $19.90. During the last trading day the ETF fluctuated 0.452% from a day low at $19.90 to a day high of $19.99. The price has been going up and down for this period, and there has been a -3.98% 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 -91 thousand shares and in total, 5 thousand shares were bought and sold for approximately $102.03 thousand.
The ETF has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $20.03 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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IFGL Signals & Forecast
There are few to no technical positive signals at the moment. The iShares FTSE EPRA/NAREIT Global Real 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 $20.22 and $20.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -6.48%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for iShares FTSE EPRA/NAREIT Global Real ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
In general the ETF tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.0900 between high and low, or 0.452%. For the last week the ETF has had daily average volatility of 0.84%.
iShares FTSE EPRA/NAREIT Global Real is oversold on RSI14 (20). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IFGL) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect iShares FTSE EPRA/NAREIT Global Real Estate ex-U.S. Index Fund to open at $19.93, and during the day (based on 14 day Average True Range), to move between $19.68 and $20.12, which gives a possible trading interval of +/-$0.216 (+/-1.09%) up or down from last closing price. If iShares FTSE EPRA/NAREIT Global Real Estate ex-U.S. Index Fund takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $19.95, some $0.0500 (0.25%) from the current price of $19.90, our system finds the risk reward not very attractive.
Is iShares FTSE EPRA/NAREIT Global Real Estate ex-U.S. Index Fund ETF A Buy?
iShares FTSE EPRA/NAREIT Global Real holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -2.566 Sell Candidate Downgraded
Predicted Opening Price for iShares FTSE EPRA/NAREIT Global Real Estate ex-U.S. Index Fund of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $19.93 ( 0.151%) | $19.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFGL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.02 | 0.603 % | |
| R2 | 19.99 | 0.430 % | ||
| R1 | 19.96 | 0.324 % | ||
| Current price: | 19.90 | |||
| Support | S1 | 19.90 | -0.0220 % | |
| S2 | 19.87 | -0.129 % | ||
| S3 | 19.84 | -0.302 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.11 | 6.08 % | |
| R2 | 20.74 | 4.22 % | ||
| R1 | 19.95 | 0.251 % | ||
| Current price | 19.90 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
IFGL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.111 | 0.524% |
| 2 | Sep 25, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.202 | 1.09% |
| 3 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.194 | 0.95% |
| 4 | Sep 23, 2022 | Sep 26, 2022 | Sep 30, 2022 | $0.200 | 1.05% |
| 5 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.220 | 0.97% |
FAQ
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