ISHARES EDGE MSCI INTL MOMENTUM FACTOR 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 EDGE MSCI INTL MOMENTUM FACTOR ETF upgraded to Hold/Accumulate.
(Updated on Jun 24, 2024)
The ISHARES EDGE MSCI INTL MOMENTUM FACTOR ETF price gained 0.446% on the last trading day (Monday, 24th Jun 2024), rising from $38.14 to $38.31. During the last trading day the ETF fluctuated 0.653% from a day low at $38.31 to a day high of $38.56. The price has risen in 6 of the last 10 days but is still down by -3.14% for this period. Volume fell on the last day by -336 thousand shares and in total, 169 thousand shares were bought and sold for approximately $6.49 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 EDGE MSCI INTL MOMENTUM FACTOR ETF with a 90% probability to be traded between $38.27 and $40.68 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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IMTM Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.446%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ISHARES EDGE MSCI INTL MOMENTUM FACTOR 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 $38.31 and $38.95. 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).
Support, Risk & Stop-loss for ISHARES EDGE MSCI INTL MOMENTUM FACTOR ETF
ISHARES EDGE MSCI INTL MOMENTUM FACTOR finds support from accumulated volume at $38.14 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 $0.250 between high and low, or 0.653%. For the last week the ETF has had daily average volatility of 0.655%.
Our recommended stop-loss: $36.12 (-5.72%) (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 (IMTM) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect ISHARES EDGE MSCI INTL MOMENTUM FACTOR ETF to open at $38.39, and during the day (based on 14 day Average True Range), to move between $37.86 and $38.76, which gives a possible trading interval of +/-$0.454 (+/-1.18%) up or down from last closing price. If ISHARES EDGE MSCI INTL MOMENTUM FACTOR ETF takes out the full calculated possible swing range there will be an estimated 2.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.45 (0.37%) than the support at $38.14 (0.44%), 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 EDGE MSCI INTL MOMENTUM FACTOR ETF ETF A Buy?
ISHARES EDGE MSCI INTL MOMENTUM FACTOR holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.142 Hold/Accumulate Upgraded
Predicted Opening Price for ISHARES EDGE MSCI INTL MOMENTUM FACTOR ETF of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $38.39 ( 0.218%) | $38.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMTM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.64 | 0.87% |
| R2 | 38.55 | 0.621% |
| R1 | 38.49 | 0.467% |
| Price | 38.31 | |
| S1 | 38.30 | -0.0318% |
| S2 | 38.24 | -0.186% |
| S3 | 38.14 | -0.435% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.36 | 2.74% |
| R2 | 39.17 | 2.24% |
| R1 | 38.45 | 0.365% |
| Price | 38.31 | |
| S1 | 38.14 | -0.444% |
| S2 | 37.64 | -1.75% |
| S3 | 37.55 | -1.98% |
IMTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.354 | 1.06% |
| 2 | Nov 29, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.431 | 1.31% |
| 3 | Dec 24, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.353 | 1.16% |
| 4 | Dec 24, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.474 | 1.56% |
| 5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.0860 | 0.226% |
FAQ
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