iShares U.S. Healthcare Providers ETF Forecast
iShares U.S. Healthcare Providers ETF upgraded to Buy Candidate.
(Updated on May 31, 2024)
The iShares U.S. Healthcare Providers ETF price gained 2.51% on the last trading day (Friday, 31st May 2024), rising from $51.38 to $52.67. During the last trading day the ETF fluctuated 2.33% from a day low at $51.49 to a day high of $52.69. The price has fallen in 6 of the last 10 days and is down by -1.81% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 72 thousand more shares were traded than the day before. In total, 126 thousand shares were bought and sold for approximately $6.64 million.
The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $19.99 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -21.58% during the next 3 months and, with a 90% probability hold a price between $15.68 and $163.47 at the end of this 3-month period.
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IHF Signals & Forecast
The iShares U.S. Healthcare Providers 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 $52.34 and $52.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.26%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for iShares U.S. Healthcare Providers ETF
iShares U.S. Healthcare Providers finds support from accumulated volume at $52.06 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 $1.20 between high and low, or 2.33%. For the last week the ETF has had daily average volatility of 1.55%.
Our recommended stop-loss: $50.51 (-4.10%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (IHF) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect iShares U.S. Healthcare Providers ETF to open at $52.28, and during the day (based on 14 day Average True Range), to move between $51.58 and $53.76, which gives a possible trading interval of +/-$1.09 (+/-2.06%) up or down from last closing price. If iShares U.S. Healthcare Providers ETF takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.06 (1.16%) than the resistance at $53.46 (1.50%), 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 U.S. Healthcare Providers ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 2.169 Buy Candidate Upgraded
Predicted Opening Price for iShares U.S. Healthcare Providers ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $52.28 ( 0.734%) | $52.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.48 | 1.54 % | |
| R2 | 53.02 | 0.674 % | ||
| R1 | 52.74 | 0.136 % | ||
| Current price: | 52.67 | |||
| Support | S1 | 51.82 | -1.60 % | |
| S2 | 51.54 | -2.14 % | ||
| S3 | 51.08 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.83 | 2.20 % | |
| R2 | 53.64 | 1.84 % | ||
| R1 | 53.46 | 1.50 % | ||
| Current price | 52.67 | |||
| Support | S1 | 52.06 | -1.16% | |
| S2 | 51.97 | -1.33% | ||
| S3 | 51.84 | -1.58% |
IHF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.105 | 0.194% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.505 | 0.98% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.96 | 1.93% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.121 | 0.235% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.495 | 1.01% |
FAQ
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