iShares Core S&P Small-Cap ETF Forecast

iShares Core S&P Small-Cap ETF downgraded to Sell Candidate
(Updated on Apr 26, 2024)

IJR Signals & Forecast

There are mixed signals in the ETF today. The iShares Core S&P Small-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 $106.53. On a fall, the ETF will find some support from the short-term average at $104.55. 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). A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.45%. Further rise is indicated until a new top pivot has been found. 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 Core S&P Small-Cap ETF

iShares Core S&P Small-Cap finds support from accumulated volume at $104.01 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 $1.20 (1.14%) between high and low. For the last week, the ETF has had daily average volatility of 1.48%.

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

Trading Expectations (IJR) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect iShares Core S&P Small-Cap ETF to open at $105.54, and during the day (based on 14 day Average True Range), to move between $103.93 and $107.37, which gives a possible trading interval of +/-$1.72 (+/-1.63%) 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 3.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $106.71 (1.00%) than the support at $104.01 (1.55%), 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 Core S&P Small-Cap ETF ETF A Buy?

iShares Core S&P Small-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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.336 Sell Candidate Downgraded

Predicted Opening Price for iShares Core S&P Small-Cap ETF of Monday, April 29, 2024

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