iShares U.S. Healthcare Providers 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
iShares U.S. Healthcare Providers ETF price up 0.503% on Friday
(Updated on May 17, 2024)
The iShares U.S. Healthcare Providers ETF price gained 0.503% on the last trading day (Friday, 17th May 2024), rising from $53.64 to $53.91. It has now gained 7 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.578% from a day low at $53.60 to a day high of $53.91. The price has risen in 9 of the last 10 days and is up by 4.29% over the past 2 weeks. Volume fell on the last day by -56 thousand shares and in total, 104 thousand shares were bought and sold for approximately $5.60 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 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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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 $53.38 and $52.15. 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 6.71%. 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 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.
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 $0.310 between high and low, or 0.578%. For the last week the ETF has had daily average volatility of 0.715%.
Since the iShares U.S. Healthcare Providers has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $52.29 (-3.00%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (IHF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares U.S. Healthcare Providers ETF to open at $53.81, and during the day (based on 14 day Average True Range), to move between $52.91 and $54.91, which gives a possible trading interval of +/-$1.00 (+/-1.86%) 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 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.94 (0.06%) than the support at $52.06 (3.43%), 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 U.S. Healthcare Providers ETF ETF A Buy?
iShares U.S. Healthcare Providers 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for iShares U.S. Healthcare Providers ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $53.81 ( 0.192%) | $53.91 |
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 | 54.12 | 0.383 % | |
| R2 | 54.00 | 0.164 % | ||
| R1 | 53.93 | 0.0280 % | ||
| Current price: | 53.91 | |||
| Support | S1 | 53.69 | -0.411 % | |
| S2 | 53.62 | -0.547 % | ||
| S3 | 53.50 | -0.767 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.16 | 0.464 % | |
| R2 | 54.14 | 0.427 % | ||
| R1 | 53.94 | 0.0556 % | ||
| Current price | 53.91 | |||
| Support | S1 | 52.06 | -3.43% | |
| S2 | 51.97 | -3.60% | ||
| S3 | 51.84 | -3.84% |
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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