iShares Global Infrastructure 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 Global Infrastructure ETF upgraded to Strong Buy Candidate.
(Updated on May 02, 2024)
The iShares Global Infrastructure ETF price gained 1.54% on the last trading day (Thursday, 2nd May 2024), rising from $47.43 to $48.16. During the last trading day the ETF fluctuated 0.793% from a day low at $47.92 to a day high of $48.30. The price has risen in 7 of the last 10 days and is up by 4.65% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 133 thousand more shares were traded than the day before. In total, 441 thousand shares were bought and sold for approximately $21.26 million.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $48.60 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.07% during the next 3 months and, with a 90% probability hold a price between $48.58 and $51.55 at the end of this 3-month period.
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IGF Signals & Forecast
Mostly positive signals in the chart today. The iShares Global Infrastructure 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 $47.62 and $47.01. 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 6.43%. 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 is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Wednesday, February 28, 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 Wednesday, February 28, 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 Global Infrastructure ETF
iShares Global Infrastructure finds support from accumulated volume at $47.43 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 $0.380 between high and low, or 0.793%. For the last week the ETF has had daily average volatility of 0.88%.
Our recommended stop-loss: $45.92 (-4.65%) (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 (IGF) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect iShares Global Infrastructure to open at $48.13, and during the day (based on 14 day Average True Range), to move between $47.58 and $48.74, which gives a possible trading interval of +/-$0.576 (+/-1.20%) up or down from last closing price. If iShares Global Infrastructure takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $47.43, some $0.730 (1.52%) from the current price of $48.16, our system finds the risk reward attractive.
Is iShares Global Infrastructure ETF A Buy?
iShares Global Infrastructure holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.139 Strong Buy Candidate Upgraded
Predicted Opening Price for iShares Global Infrastructure of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $48.13 ( 0.0692%) | $48.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.51 | 0.720 % | |
| R2 | 48.36 | 0.418 % | ||
| R1 | 48.27 | 0.232 % | ||
| Current price: | 48.16 | |||
| Support | S1 | 47.98 | -0.371 % | |
| S2 | 47.89 | -0.557 % | ||
| S3 | 47.75 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 48.16 | |||
| Support | S1 | 47.43 | -1.52% | |
| S2 | 46.36 | -3.74% | ||
| S3 | 44.99 | -6.58% |
IGF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.91 | 1.92% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.675 | 1.45% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.518 | 1.14% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.705 | 1.52% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.474 | 1.04% |
FAQ
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