Ishares Lithium Miners And Producers Etf ETF Forecast

Ishares Lithium Miners And Producers Etf ETF price down 1.47% on Friday
(Updated on Jun 28, 2024)

ILIT Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.643%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Lithium Miners And Producers Etf 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 $10.89 and $12.36. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Lithium Miners And Producers Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ishares Lithium Miners And Producers Etf ETF

Ishares Lithium Miners And Producers Etf finds support from accumulated volume at $10.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $0.190 between high and low, or 1.77%. For the last week, the ETF has had daily average volatility of 1.88%.

Ishares Lithium Miners And Producers Etf is oversold on RSI14 (19). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (ILIT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ishares Lithium Miners And Producers Etf to open at $10.79, and during the day (based on 14 day Average True Range), to move between $10.52 and $10.98, which gives a possible trading interval of +/-$0.226 (+/-2.10%) up or down from last closing price. If Ishares Lithium Miners And Producers Etf takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.68 (0.64%) than the resistance at $11.07 (2.98%), 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 Lithium Miners And Producers Etf ETF A Buy?

Ishares Lithium Miners And Producers Etf holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -3.499 Sell Candidate Unchanged

Predicted Opening Price for Ishares Lithium Miners And Producers Etf of Monday, July 1, 2024

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