iShares Trust - iShares Expanded ETF Forecast

Green day on Friday for iShares Trust - iShares Expanded
(Updated on May 03, 2024)

IGV Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.98%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $82.74. On a fall, the ETF will find some support from the short-term average at $80.14. 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.

Support, Risk & Stop-loss for iShares Trust - iShares Expanded ETF

iShares Trust - iShares Expanded finds support from accumulated volume at $80.48 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 $0.740 (0.92%) between high and low. For the last week, the ETF has had daily average volatility of 1.88%.

Our recommended stop-loss: $76.53 (-5.36%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (IGV) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect iShares Trust - iShares Expanded Tech-Software Sector ETF to open at $80.82, and during the day (based on 14 day Average True Range), to move between $77.76 and $83.98, which gives a possible trading interval of +/-$3.11 (+/-3.84%) 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 7.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $80.48 (0.48%) than the resistance at $82.76 (2.34%), 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 Trust - iShares Expanded Tech-Software Sector ETF ETF A Buy?

iShares Trust - iShares Expanded holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.042 Hold/Accumulate Unchanged

Predicted Opening Price for iShares Trust - iShares Expanded Tech-Software Sector ETF of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.