iShares Morningstar Value 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 Morningstar Value ETF upgraded to Buy Candidate.
(Updated on May 02, 2024)
The iShares Morningstar Value ETF price gained 0.530% on the last trading day (Thursday, 2nd May 2024), rising from $73.56 to $73.95. During the last trading day the ETF fluctuated 0.788% from a day low at $73.47 to a day high of $74.05. The price has risen in 7 of the last 10 days and is up by 1.09% 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, 9 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately $1.99 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $73.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.02% during the next 3 months and, with a 90% probability hold a price between $75.78 and $80.10 at the end of this 3-month period.
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ILCV Signals & Forecast
There are mixed signals in the ETF today. The iShares Morningstar Value ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $74.22 and $74.96. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.09%. 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 Morningstar Value ETF
iShares Morningstar Value finds support from accumulated volume at $73.77 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 $0.579 between high and low, or 0.788%. For the last week the ETF has had daily average volatility of 0.785%.
Our recommended stop-loss: $69.67 (-5.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ILCV) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect iShares Morningstar Value ETF to open at $73.82, and during the day (based on 14 day Average True Range), to move between $73.27 and $74.63, which gives a possible trading interval of +/-$0.676 (+/-0.91%) up or down from last closing price. If iShares Morningstar Value ETF takes out the full calculated possible swing range there will be an estimated 1.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $73.77 (0.24%) than the resistance at $74.38 (0.57%), 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 Morningstar Value ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares Morningstar Value ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.448 Buy Candidate Upgraded
Predicted Opening Price for iShares Morningstar Value ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $73.82 ( 0.171%) | $73.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILCV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.40 | 0.612 % | |
| R2 | 74.18 | 0.313 % | ||
| R1 | 74.04 | 0.128 % | ||
| Current price: | 73.95 | |||
| Support | S1 | 73.60 | -0.470 % | |
| S2 | 73.47 | -0.655 % | ||
| S3 | 73.24 | -0.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.97 | 1.38 % | |
| R2 | 74.89 | 1.27 % | ||
| R1 | 74.38 | 0.575 % | ||
| Current price | 73.95 | |||
| Support | S1 | 73.77 | -0.243% | |
| S2 | 73.48 | -0.636% | ||
| S3 | 73.38 | -0.772% |
ILCV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.353 | 0.461% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.482 | 0.697% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.448 | 0.698% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.305 | 0.465% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.365 | 0.581% |
FAQ
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