iShares Trust - iShares Expanded ETF Forecast
iShares Trust - iShares Expanded ETF price down 0.93% on Thursday
(Updated on Apr 25, 2024)
The iShares Trust - iShares Expanded ETF price fell by -0.93% on the last day (Thursday, 25th Apr 2024) from $80.94 to $80.19. During the last trading day the ETF fluctuated 1.79% from a day low at $78.99 to a day high of $80.40. The price has fallen in 6 of the last 10 days and is down by -4.69% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $339.30 million.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IGV Signals & Forecast
There are mixed signals in the ETF today. The iShares Trust - iShares Expanded ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $83.72. On a fall, the ETF will find some support from the short-term average at $79.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.11%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for iShares Trust - iShares Expanded ETF
iShares Trust - iShares Expanded finds support from accumulated volume at $79.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.41 between high and low, or 1.79%. For the last week, the ETF has had daily average volatility of 1.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IGV) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iShares Trust - iShares Expanded Tech-Software Sector ETF to open at $79.86, and during the day (based on 14 day Average True Range), to move between $76.29 and $84.09, which gives a possible trading interval of +/-$3.90 (+/-4.86%) up or down from last closing price. If iShares Trust - iShares Expanded Tech-Software Sector ETF takes out the full calculated possible swing range there will be an estimated 9.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $80.48 (0.36%) than the support at $79.50 (0.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is iShares Trust - iShares Expanded Tech-Software Sector ETF ETF A Buy?
iShares Trust - iShares Expanded holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.065 Sell Candidate Unchanged
Predicted Opening Price for iShares Trust - iShares Expanded Tech-Software Sector ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $79.86 ( 0.412%) | $80.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.27 | 1.35 % | |
| R2 | 80.73 | 0.675 % | ||
| R1 | 80.40 | 0.260 % | ||
| Current price: | 80.19 | |||
| Support | S1 | 79.32 | -1.08 % | |
| S2 | 78.99 | -1.50 % | ||
| S3 | 78.45 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.17 | 4.96 % | |
| R2 | 82.76 | 3.20 % | ||
| R1 | 80.48 | 0.362 % | ||
| Current price | 80.19 | |||
| Support | S1 | 79.50 | -0.86% | |
| S2 | 79.48 | -0.89% | ||
| S3 | 78.53 | -2.07% |
IGV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.0250 | 0.0367% |
| 2 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.0230 | 0.0427% |
| 3 | Jun 12, 2020 | Jun 15, 2020 | Jun 19, 2020 | $0.0690 | 0.124% |
| 4 | Mar 24, 2020 | Mar 25, 2020 | Mar 31, 2020 | $1.17 | 2.78% |
| 5 | Jun 14, 2019 | Jun 17, 2019 | Jun 21, 2019 | $0.0460 | 0.104% |
FAQ
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