iShares US Pharmaceuticals 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
Green day on Thursday for iShares US Pharmaceuticals
(Updated on Jun 06, 2024)
The iShares US Pharmaceuticals ETF price gained 0.0905% on the last trading day (Thursday, 6th Jun 2024), rising from $66.33 to $66.39. During the last trading day the ETF fluctuated 0.85% from a day low at $66.13 to a day high of $66.69. The price has risen in 5 of the last 10 days but is still down by -0.38% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately $3.01 million.
The ETFhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $66.36, a level that may pose a second chance to hit a runner. According to fan-theory $70.80 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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IHE Signals & Forecast
The iShares US Pharmaceuticals 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 $65.86 and $65.10. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -0.375%. 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).
Support, Risk & Stop-loss for iShares US Pharmaceuticals ETF
iShares US Pharmaceuticals finds support from accumulated volume at $66.33 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 $0.560 between high and low, or 0.85%. For the last week the ETF has had daily average volatility of 0.93%.
Our recommended stop-loss: $63.70 (-4.05%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (IHE) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect iShares US Pharmaceuticals ETF to open at $66.40, and during the day (based on 14 day Average True Range), to move between $65.74 and $67.04, which gives a possible trading interval of +/-$0.647 (+/-0.97%) up or down from last closing price. If iShares US Pharmaceuticals ETF takes out the full calculated possible swing range there will be an estimated 1.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $66.33 (0.09%) than the resistance at $66.60 (0.32%), 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 US Pharmaceuticals ETF ETF A Buy?
iShares US Pharmaceuticals 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: 0.100 Hold/Accumulate Unchanged
Predicted Opening Price for iShares US Pharmaceuticals ETF of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| $66.40 ( 0.0201%) | $66.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.96 | 0.86% |
| R2 | 66.75 | 0.541% |
| R1 | 66.62 | 0.342% |
| Price | 66.39 | |
| S1 | 66.19 | -0.302% |
| S2 | 66.06 | -0.501% |
| S3 | 65.84 | -0.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.83 | 0.663% |
| R2 | 66.72 | 0.497% |
| R1 | 66.60 | 0.316% |
| Price | 66.39 | |
| S1 | 66.33 | -0.0904% |
| S2 | 65.72 | -1.01% |
| S3 | 63.19 | -4.82% |
IHE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.275 | 0.406% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.404 | 0.675% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.90 | 1.54% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.590 | 1.00% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.672 | 1.16% |
FAQ
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