iShares MSCI India 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
Weaker technical forecast for iShares MSCI India as ETF downgraded to Buy Candidate.
(Updated on May 28, 2024)
The iShares MSCI India ETF price fell by -0.94% on the last day (Tuesday, 28th May 2024) from $54.07 to $53.56. During the last trading day the ETF fluctuated 0.598% from a day low at $53.49 to a day high of $53.81. The price has risen in 9 of the last 10 days and is up by 3.56% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -230 thousand shares and in total, 4 million shares were bought and sold for approximately $190.78 million.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.66% during the next 3 months and, with a 90% probability hold a price between $53.54 and $56.08 at the end of this 3-month period.
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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 $53.43 and $52.28. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -0.94%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 $0.320 between high and low, or 0.598%. For the last week the ETF has had daily average volatility of 0.394%.
Our recommended stop-loss: $51.55 (-3.75%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (INDA) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect iShares MSCI India ETF to open at $53.62, and during the day (based on 14 day Average True Range), to move between $53.17 and $53.95, which gives a possible trading interval of +/-$0.390 (+/-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 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.81 (0.47%) than the support at $52.35 (2.26%), 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, 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 MSCI India ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.018 Buy Candidate Downgraded
Predicted Opening Price for iShares MSCI India ETF of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| $53.62 ( 0.112%) | $53.56 |
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 | 53.94 | 0.709 % | |
| R2 | 53.82 | 0.481 % | ||
| R1 | 53.74 | 0.340 % | ||
| Current price: | 53.56 | |||
| Support | S1 | 53.50 | -0.116 % | |
| S2 | 53.42 | -0.257 % | ||
| S3 | 53.30 | -0.485 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 54.07 | 0.95 % | ||
| R1 | 53.81 | 0.467 % | ||
| Current price | 53.56 | |||
| Support | S1 | 52.35 | -2.26% | |
| S2 | 52.22 | -2.50% | ||
| S3 | 51.57 | -3.72% |
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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