iShares Cybersecurity and Tech ETF Forecast
Green day on Friday for iShares Cybersecurity and Tech
(Updated on Jun 21, 2024)
The iShares Cybersecurity and Tech ETF price gained 0.91% on the last trading day (Friday, 21st Jun 2024), rising from $43.96 to $44.36. During the last trading day the ETF fluctuated 1.02% from a day low at $43.92 to a day high of $44.37. The price has risen in 5 of the last 10 days and is up by 0.86% over the past 2 weeks. Volume fell on the last day by -67 thousand shares and in total, 63 thousand shares were bought and sold for approximately $2.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.73% during the next 3 months and, with a 90% probability hold a price between $40.40 and $43.74 at the end of this 3-month period. 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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IHAK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Cybersecurity and Tech 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 $44.42 and $44.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.69%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should go up by 5.75% to $46.91 within 31 trading days since signal was issued (Friday, July 19, 2024).
Support, Risk & Stop-loss for iShares Cybersecurity and Tech ETF
iShares Cybersecurity and Tech finds support from accumulated volume at $43.96 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 $0.450 between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 0.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IHAK) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect iShares Cybersecurity and Tech ETF to open at $44.22, and during the day (based on 14 day Average True Range), to move between $43.82 and $44.90, which gives a possible trading interval of +/-$0.536 (+/-1.21%) up or down from last closing price. If iShares Cybersecurity and Tech ETF takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.70 (0.77%) than the support at $43.96 (0.90%), 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 Cybersecurity and Tech ETF ETF A Buy?
iShares Cybersecurity and Tech 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.
Current score: -2.908 Sell Candidate Unchanged
Predicted Opening Price for iShares Cybersecurity and Tech ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $44.22 ( 0.323%) | $44.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHAK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.67 | 0.690% |
| R2 | 44.49 | 0.303% |
| R1 | 44.39 | 0.0639% |
| Price | 44.36 | |
| S1 | 44.04 | -0.711% |
| S2 | 43.94 | -0.95% |
| S3 | 43.77 | -1.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.60 | 5.05% |
| R2 | 46.16 | 4.06% |
| R1 | 44.70 | 0.766% |
| Price | 44.36 | |
| S1 | 43.96 | -0.90% |
| S2 | 43.86 | -1.13% |
| S3 | 43.79 | -1.28% |
IHAK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.0470 | 0.105% |
| 2 | Dec 07, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.0130 | 0.0344% |
| 3 | Dec 14, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.0250 | 0.0754% |
| 4 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.0590 | 0.169% |
| 5 | Jan 12, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.213 | 0.495% |
FAQ
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