iShares S&P Mid-Cap 400 Value ETF Forecast
iShares S&P Mid-Cap 400 Value ETF price up 0.96% on Friday
(Updated on May 03, 2024)
The iShares S&P Mid-Cap 400 Value ETF price gained 0.96% on the last trading day (Friday, 3rd May 2024), rising from $112.69 to $113.77. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.22% from a day low at $113.25 to a day high of $114.64. The price has risen in 8 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 147 thousand shares were bought and sold for approximately $16.69 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares S&P Mid-Cap 400 Value ETF with a 90% probability to be traded between $110.96 and $120.20 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IJJ Signals & Forecast
Mostly positive signals in the chart today. The iShares S&P Mid-Cap 400 Value ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $112.27 and $113.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.96%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for iShares S&P Mid-Cap 400 Value ETF
iShares S&P Mid-Cap 400 Value finds support from accumulated volume at $112.47 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 $1.39 between high and low, or 1.22%. For the last week the ETF has had daily average volatility of 1.23%.
Our recommended stop-loss: $108.01 (-5.07%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (IJJ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect iShares S&P Mid-Cap 400 Value ETF to open at $113.89, and during the day (based on 14 day Average True Range), to move between $112.23 and $115.31, which gives a possible trading interval of +/-$1.54 (+/-1.35%) up or down from last closing price. If iShares S&P Mid-Cap 400 Value ETF takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $113.96 (0.17%) than the support at $112.47 (1.14%), 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 S&P Mid-Cap 400 Value ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares S&P Mid-Cap 400 Value ETF to perform well in the short-term period.
Current score: 3.902 Buy Candidate Unchanged
Predicted Opening Price for iShares S&P Mid-Cap 400 Value ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $113.89 ( 0.104%) | $113.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IJJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 115.27 | 1.32 % | |
| R2 | 114.74 | 0.86 % | ||
| R1 | 114.42 | 0.569 % | ||
| Current price: | 113.77 | |||
| Support | S1 | 113.36 | -0.361 % | |
| S2 | 113.03 | -0.648 % | ||
| S3 | 112.50 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.29 | 3.97 % | |
| R2 | 114.90 | 0.99 % | ||
| R1 | 113.96 | 0.167 % | ||
| Current price | 113.77 | |||
| Support | S1 | 112.47 | -1.14% | |
| S2 | 109.49 | -3.76% | ||
| S3 | 109.40 | -3.84% |
IJJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.367 | 0.311% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.542 | 0.483% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.574 | 0.577% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.350 | 0.331% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.454 | 0.451% |
FAQ
Click here for our free guide on how to buy iShares S&P Mid-Cap 400 Value ETF ETF.
