iShares Core S&P Small-Cap ETF Forecast
iShares Core S&P Small-Cap ETF upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The iShares Core S&P Small-Cap ETF price gained 2.40% on the last trading day (Wednesday, 27th Mar 2024), rising from $107.38 to $109.96. During the last trading day the ETF fluctuated 1.76% from a day low at $108.07 to a day high of $109.97. The price has been going up and down for this period, and there has been a 2.46% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $669.28 million.
The ETF has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $109.14, a level that may pose a second chance to hit a runner. According to fan-theory $113.67 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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IJR Signals & Forecast
The iShares Core S&P Small-Cap 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 $108.07 and $106.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 6.72%. 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 Core S&P Small-Cap ETF
iShares Core S&P Small-Cap finds support from accumulated volume at $107.35 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 $1.90 between high and low, or 1.76%. For the last week the ETF has had daily average volatility of 1.27%.
Our recommended stop-loss: $105.74 (-3.84%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (IJR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect iShares Core S&P Small-Cap ETF to open at $109.33, and during the day (based on 14 day Average True Range), to move between $108.36 and $111.56, which gives a possible trading interval of +/-$1.60 (+/-1.45%) up or down from last closing price. If iShares Core S&P Small-Cap ETF takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $107.35, some $2.61 (2.37%) from the current price of $109.96, our system finds the risk reward attractive.
Is iShares Core S&P Small-Cap ETF ETF A Buy?
iShares Core S&P Small-Cap holds several positive signals and has broken the weak rising trend up. As the ETF is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.263 Strong Buy Candidate Upgraded
Predicted Opening Price for iShares Core S&P Small-Cap ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$109.33 ( 0.570%) | $109.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IJR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 111.23 | 1.16 % | |
R2 | 110.51 | 0.498 % | ||
R1 | 110.06 | 0.0902 % | ||
Current price: | 109.96 | |||
Support | S1 | 108.61 | -1.23 % | |
S2 | 108.16 | -1.64 % | ||
S3 | 107.43 | -2.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 109.96 | |||
Support | S1 | 107.35 | -2.37% | |
S2 | 106.71 | -2.96% | ||
S3 | 106.00 | -3.60% |
IJR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.326 | 0.297% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.283 | 0.267% |
3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.459 | 0.494% |
4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.351 | 0.353% |
5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.329 | 0.346% |
FAQ
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