IQ 500 International ETF Forecast
Green day on Friday for IQ 500 International
(Updated on May 03, 2024)
The IQ 500 International ETF price gained 0.354% on the last trading day (Friday, 3rd May 2024), rising from $33.76 to $33.88. During the last trading day the ETF fluctuated 0.384% from a day low at $33.84 to a day high of $33.97. The price has risen in 6 of the last 10 days and is up by 2.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $156.74 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 3.90% during the next 3 months and, with a 90% probability hold a price between $34.56 and $36.29 at the end of this 3-month period.
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IQIN Signals & Forecast
Mostly positive signals in the chart today. The IQ 500 International ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $33.56 and $33.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). IQ 500 International 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.
Support, Risk & Stop-loss for IQ 500 International ETF
IQ 500 International finds support from accumulated volume at $33.70 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 $0.130 between high and low, or 0.384%. For the last week the ETF has had daily average volatility of 0.525%.
Our recommended stop-loss: $32.06 (-5.39%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (IQIN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect IQ 500 International ETF to open at $33.90, and during the day (based on 14 day Average True Range), to move between $33.58 and $34.18, which gives a possible trading interval of +/-$0.300 (+/-0.89%) up or down from last closing price. If IQ 500 International ETF takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.70 (0.54%) than the resistance at $34.13 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IQ 500 International 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 IQ 500 International ETF to perform well in the short-term.
Current score: 1.901 Buy Candidate Unchanged
Predicted Opening Price for IQ 500 International ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $33.90 ( 0.0438%) | $33.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IQIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.03 | 0.428 % | |
| R2 | 33.98 | 0.281 % | ||
| R1 | 33.95 | 0.190 % | ||
| Current price: | 33.88 | |||
| Support | S1 | 33.85 | -0.103 % | |
| S2 | 33.82 | -0.194 % | ||
| S3 | 33.77 | -0.340 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.38 | 1.47 % | |
| R2 | 34.24 | 1.05 % | ||
| R1 | 34.13 | 0.734 % | ||
| Current price | 33.88 | |||
| Support | S1 | 33.70 | -0.539% | |
| S2 | 33.50 | -1.12% | ||
| S3 | 32.40 | -4.38% |
IQIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.488 | 1.49% |
| 2 | Dec 23, 2022 | Jun 30, 2023 | Jul 06, 2023 | $0.795 | 2.60% |
| 3 | Dec 28, 2022 | Dec 29, 2022 | Jan 06, 2023 | $0.337 | 1.16% |
| 4 | Jan 11, 2022 | Jun 22, 2022 | Jun 28, 2022 | $0.665 | 2.41% |
| 5 | Jan 14, 2021 | Dec 29, 2021 | Jan 06, 2022 | $0.547 | 1.66% |
FAQ
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