iShares S&P/ASX 20 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 S&P/ASX 20 ETF price up 1.42% on Tuesday
(Updated on Jun 25, 2024)
The iShares S&P/ASX 20 ETF price gained 1.42% on the last trading day (Tuesday, 25th Jun 2024), rising from A$30.36 to A$30.79. During the last trading day the ETF fluctuated 0.92% from a day low at A$30.51 to a day high of A$30.79. The price has fallen in 6 of the last 10 days but is still up by 1.89% 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, 25 thousand more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately A$1.26 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/ASX 20 ETF with a 90% probability to be traded between A$29.98 and A$31.76 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.
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ILC.AX Signals & Forecast
Mostly positive signals in the chart today. The iShares S&P/ASX 20 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 A$30.48 and A$30.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.21%. 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). iShares S&P/ASX 20 has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for iShares S&P/ASX 20 ETF
iShares S&P/ASX 20 finds support from accumulated volume at A$30.26 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 A$0.280 between high and low, or 0.92%. For the last week the ETF has had daily average volatility of 0.631%.
Our recommended stop-loss: A$29.63 (-3.76%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 59 days ago.)
Trading Expectations (ILC.AX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect iShares S&P/ASX 20 ETF to open at A$30.70, and during the day (based on 14 day Average True Range), to move between A$30.52 and A$31.06, which gives a possible trading interval of +/-A$0.266 (+/-0.86%) up or down from last closing price. If iShares S&P/ASX 20 ETF takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ A$30.26, some A$0.530 (1.72%) from the current price of A$30.79, our system finds the risk reward attractive.
Is iShares S&P/ASX 20 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/ASX 20 ETF to perform well in the short-term period.
Current score: 4.904 Buy Candidate Unchanged
Predicted Opening Price for iShares S&P/ASX 20 ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| A$30.70 ( 0.303%) | A$30.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.98 | 0.606% |
| R2 | 30.87 | 0.259% |
| R1 | 30.80 | 0.0443% |
| Price | 30.79 | |
| S1 | 30.59 | -0.651% |
| S2 | 30.52 | -0.87% |
| S3 | 30.42 | -1.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 30.79 | |
| S1 | 30.26 | -1.72% |
| S2 | 30.16 | -2.05% |
| S3 | 29.60 | -3.86% |
ILC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | Apr 19, 2024 | A$0.338 | 1.17% |
| 2 | Jan 08, 2024 | Jan 08, 2024 | Jan 18, 2024 | A$0.232 | 0.81% |
| 3 | Oct 09, 2023 | Oct 09, 2023 | Oct 09, 2023 | A$0.532 | 1.97% |
| 4 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | A$0.112 | 0.402% |
| 5 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | A$0.376 | 1.35% |
FAQ
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