FLEXSHARES INTERNATIONAL QUALITY ETF Forecast
FLEXSHARES INTERNATIONAL QUALITY ETF price ended at $25.38 on Thursday, after gaining 0.402%.
(Updated on Jun 20, 2024)
The FLEXSHARES INTERNATIONAL QUALITY ETF price gained 0.402% on the last trading day (Thursday, 20th Jun 2024), rising from $25.28 to $25.38. It has now gained 3 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 0.435% from a day low at $25.29 to a day high of $25.40. The price has risen in 6 of the last 10 days but is still down by -0.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $913.40 thousand.
The ETF lies in the middle of a 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 8.20% during the next 3 months and, with a 90% probability hold a price between $26.89 and $28.48 at the end of this 3-month period.
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IQDF Signals & Forecast
The FLEXSHARES INTERNATIONAL QUALITY 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 $25.22 and $25.18. A breakdown below any of these levels will issue sell signals. FLEXSHARES INTERNATIONAL QUALITY has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Tuesday, May 21, 2024, and so far it has fallen -1.15%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for FLEXSHARES INTERNATIONAL QUALITY ETF
FLEXSHARES INTERNATIONAL QUALITY finds support from accumulated volume at $24.23 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 $0.110 between high and low, or 0.435%. For the last week the ETF has had daily average volatility of 0.630%.
Our recommended stop-loss: $24.22 (-4.56%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (IQDF) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect FLEXSHARES INTERNATIONAL QUALITY DIVIDEND INDEX FUND to open at $25.36, and during the day (based on 14 day Average True Range), to move between $25.15 and $25.61, which gives a possible trading interval of +/-$0.227 (+/-0.89%) up or down from last closing price. If FLEXSHARES INTERNATIONAL QUALITY DIVIDEND INDEX FUND takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.40 (0.08%) than the support at $24.23 (4.55%), 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 FLEXSHARES INTERNATIONAL QUALITY DIVIDEND INDEX FUND 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 FLEXSHARES INTERNATIONAL QUALITY ETF to perform well in the short-term.
Current score: 2.072 Buy Candidate Unchanged
Predicted Opening Price for FLEXSHARES INTERNATIONAL QUALITY DIVIDEND INDEX FUND of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $25.36 ( 0.0919%) | $25.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IQDF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.47 | 0.341% |
| R2 | 25.42 | 0.176% |
| R1 | 25.40 | 0.0736% |
| Price | 25.38 | |
| S1 | 25.31 | -0.257% |
| S2 | 25.29 | -0.360% |
| S3 | 25.25 | -0.525% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.52 | 0.552% |
| R2 | 25.51 | 0.512% |
| R1 | 25.40 | 0.0788% |
| Price | 25.38 | |
| S1 | 24.23 | -4.55% |
| S2 | 24.16 | -4.81% |
| S3 | 24.02 | -5.36% |
IQDF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.572 | 2.54% |
| 2 | Jan 24, 2023 | Sep 15, 2023 | Sep 21, 2023 | $0.354 | 1.65% |
| 3 | Jan 24, 2023 | Jun 16, 2023 | Jun 23, 2023 | $0.440 | 2.02% |
| 4 | Jan 24, 2023 | Mar 17, 2023 | Mar 23, 2023 | $0.0450 | 0.209% |
| 5 | Jan 27, 2022 | Dec 16, 2022 | Dec 22, 2022 | $0.195 | 0.95% |
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