iShares MSCI India ETF Forecast
iShares MSCI India ETF price ended at $52.97 on Friday, after gaining 0.84%.
(Updated on May 17, 2024)
The iShares MSCI India ETF price gained 0.84% on the last trading day (Friday, 17th May 2024), rising from $52.53 to $52.97. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.341% from a day low at $52.82 to a day high of $53.00. The price has risen in 6 of the last 10 days and is up by 0.46% over the past 2 weeks. Volume fell on the last day by -668 thousand shares and in total, 3 million shares were bought and sold for approximately $172.02 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 ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $53.16 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares MSCI India ETF with a 90% probability to be traded between $51.86 and $54.22 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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INDA Signals & Forecast
The iShares MSCI India 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 $52.09 and $51.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 3.11%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, November 03, 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 Friday, November 03, 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 MSCI India ETF
iShares MSCI India finds support from accumulated volume at $52.35 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 $0.180 between high and low, or 0.341%. For the last week the ETF has had daily average volatility of 0.279%.
Our recommended stop-loss: $50.60 (-4.47%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (INDA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares MSCI India ETF to open at $52.93, and during the day (based on 14 day Average True Range), to move between $52.58 and $53.36, which gives a possible trading interval of +/-$0.388 (+/-0.73%) up or down from last closing price. If iShares MSCI India ETF takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.98 (0.02%) than the support at $52.35 (1.17%), 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 MSCI India 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 MSCI India ETF to perform well in the short-term period.
Current score: 2.911 Buy Candidate Unchanged
Predicted Opening Price for iShares MSCI India ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $52.93 ( 0.0755%) | $52.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.11 | 0.264 % | |
| R2 | 53.04 | 0.134 % | ||
| R1 | 53.00 | 0.0543 % | ||
| Current price: | 52.97 | |||
| Support | S1 | 52.86 | -0.205 % | |
| S2 | 52.82 | -0.286 % | ||
| S3 | 52.75 | -0.415 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 52.98 | 0.0189 % | ||
| Current price | 52.97 | |||
| Support | S1 | 52.35 | -1.17% | |
| S2 | 52.22 | -1.42% | ||
| S3 | 51.57 | -2.64% |
INDA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.0800 | 0.188% |
| 2 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.0300 | 0.0643% |
| 3 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $2.88 | 6.55% |
| 4 | Jun 09, 2021 | Jun 10, 2021 | Jun 16, 2021 | $0.0420 | 0.0944% |
| 5 | Dec 11, 2020 | Dec 14, 2020 | Dec 18, 2020 | $0.0320 | 0.0814% |
FAQ
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