FLEXSHARES INTERNATIONAL QUALITY 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
Green day on Monday for FLEXSHARES INTERNATIONAL QUALITY ETF after gaining 0.564%
(Updated on Jun 24, 2024)
The FLEXSHARES INTERNATIONAL QUALITY ETF price gained 0.564% on the last trading day (Monday, 24th Jun 2024), rising from $24.84 to $24.98. During the last trading day the ETF fluctuated 0.521% from a day low at $24.95 to a day high of $25.08. The price has risen in 6 of the last 10 days but is still down by -1.54% for this period. Volume fell on the last day by -20 thousand shares and in total, 18 thousand shares were bought and sold for approximately $452.21 thousand. 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 lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.98% during the next 3 months and, with a 90% probability hold a price between $26.86 and $28.47 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IQDF Signals & Forecast
There are few to no technical positive signals at the moment. The FLEXSHARES INTERNATIONAL QUALITY 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 $25.12 and $25.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -2.71%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.130 between high and low, or 0.521%. For the last week the ETF has had daily average volatility of 0.518%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IQDF) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect FLEXSHARES INTERNATIONAL QUALITY DIVIDEND INDEX FUND to open at $25.00, and during the day (based on 14 day Average True Range), to move between $24.73 and $25.23, which gives a possible trading interval of +/-$0.252 (+/-1.01%) 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 2.02% 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 (1.68%) than the support at $24.23 (3.02%), 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?
The FLEXSHARES INTERNATIONAL QUALITY ETF holds several negative signals and despite the positive trend, we believe FLEXSHARES INTERNATIONAL QUALITY will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.039 Sell Candidate Unchanged
Predicted Opening Price for FLEXSHARES INTERNATIONAL QUALITY DIVIDEND INDEX FUND of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $25.00 ( 0.0934%) | $24.98 |
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 | 25.13 | 0.614% |
| R2 | 25.08 | 0.415% |
| R1 | 25.05 | 0.292% |
| Price | 24.98 | |
| S1 | 24.95 | -0.105% |
| S2 | 24.92 | -0.228% |
| S3 | 24.87 | -0.427% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.52 | 2.16% |
| R2 | 25.51 | 2.12% |
| R1 | 25.40 | 1.68% |
| Price | 24.98 | |
| S1 | 24.23 | -3.02% |
| S2 | 24.16 | -3.28% |
| S3 | 24.02 | -3.84% |
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% |
FAQ
Click here for our free guide on how to buy FLEXSHARES INTERNATIONAL QUALITY DIVIDEND INDEX FUND ETF.
