iShares S&P/Citigroup International ETF Forecast
Evaluation of iShares S&P/Citigroup International ETF downgraded after the last trading session.
(Updated on Mar 28, 2024)
The iShares S&P/Citigroup International ETF price fell by -0.452% on the last day (Thursday, 28th Mar 2024) from $39.81 to $39.63. During the last trading day the ETF fluctuated 0.91% from a day low at $39.61 to a day high of $39.97. The price has fallen in 7 of the last 10 days and is down by -0.63% for this period. 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 -59 thousand shares and in total, 43 thousand shares were bought and sold for approximately $1.69 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares S&P/Citigroup International ETF with a 90% probability to be traded between $38.08 and $39.75 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IGOV Signals & Forecast
There are few to no technical positive signals at the moment. The iShares S&P/Citigroup International 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 $39.75 and $39.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -2.15%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for iShares S&P/Citigroup International ETF
iShares S&P/Citigroup International finds support from accumulated volume at $39.57 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 $0.360 between high and low, or 0.91%. For the last week the ETF has had daily average volatility of 1.29%.
iShares S&P/Citigroup International is oversold on RSI14 (23). 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 (IGOV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect iShares S&P/Citigroup International Treasury Bond Fund to open at $39.74, and during the day (based on 14 day Average True Range), to move between $39.28 and $39.98, which gives a possible trading interval of +/-$0.348 (+/-0.88%) up or down from last closing price. If iShares S&P/Citigroup International Treasury Bond Fund takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.57 (0.15%) than the resistance at $39.98 (0.88%), 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 S&P/Citigroup International Treasury Bond Fund ETF A Buy?
iShares S&P/Citigroup International holds several negative signals and is within a narrow and 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 Hold/Accumulate to a Strong Sell candidate.
Current score: -5.216 Strong Sell Candidate Downgraded
Predicted Opening Price for iShares S&P/Citigroup International Treasury Bond Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$39.74 ( 0.269%) | $39.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGOV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.10 | 1.18 % | |
R2 | 39.96 | 0.83 % | ||
R1 | 39.87 | 0.616 % | ||
Current price: | 39.63 | |||
Support | S1 | 39.60 | -0.0779 % | |
S2 | 39.51 | -0.292 % | ||
S3 | 39.38 | -0.639 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 41.33 | 4.29 % | |
R2 | 40.32 | 1.74 % | ||
R1 | 39.98 | 0.88 % | ||
Current price | 39.63 | |||
Support | S1 | 39.57 | -0.151% | |
S2 | 39.53 | -0.252% | ||
S3 | 39.35 | -0.707% |
IGOV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 14, 2022 | Dec 15, 2022 | Dec 21, 2022 | $0.0420 | 0.107% |
2 | Dec 15, 2021 | Dec 16, 2021 | Dec 22, 2021 | $0.197 | 0.391% |
3 | Dec 19, 2019 | Dec 19, 2019 | Dec 26, 2019 | $0.122 | 0.244% |
4 | Dec 18, 2018 | Dec 18, 2018 | Dec 24, 2018 | $0.151 | 0.313% |
5 | Dec 21, 2017 | Dec 21, 2017 | Dec 28, 2017 | $0.0210 | 0.0423% |
FAQ
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