iShares Core S&P Mid-Cap ETF Forecast

Red day on Thursday for iShares Core S&P Mid-Cap ETF after losing 0.328%
(Updated on Apr 25, 2024)

IJH Signals & Forecast

There are mixed signals in the ETF today. The iShares Core S&P Mid-Cap 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 $58.79. On a fall, the ETF will find some support from the short-term average at $57.15. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.22%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for iShares Core S&P Mid-Cap ETF

iShares Core S&P Mid-Cap finds support from accumulated volume at $57.66 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 $0.81 (1.41%) between high and low. For the last week, the ETF has had daily average volatility of 1.33%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IJH) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect iShares Core S&P Mid-Cap ETF to open at $57.49, and during the day (based on 14 day Average True Range), to move between $56.15 and $59.21, which gives a possible trading interval of +/-$1.53 (+/-2.65%) up or down from last closing price. If iShares Core S&P Mid-Cap ETF takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $57.66 (0.03%) than the resistance at $58.34 (1.14%), 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 Core S&P Mid-Cap ETF ETF A Buy?

iShares Core S&P Mid-Cap holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.073 Sell Candidate Unchanged

Predicted Opening Price for iShares Core S&P Mid-Cap ETF of Friday, April 26, 2024

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