iShares MSCI Intl Quality Factor ETF Forecast

Evaluation of iShares MSCI Intl Quality Factor ETF downgraded after the last trading session.
(Updated on Jun 20, 2024)

IQLT Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.90%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares MSCI Intl Quality Factor 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 $39.27 and $39.62. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for iShares MSCI Intl Quality Factor ETF

iShares MSCI Intl Quality Factor finds support from accumulated volume at $38.97 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 $0.195 between high and low, or 0.498%. For the last week the ETF has had daily average volatility of 0.764%.

Our recommended stop-loss: $36.94 (-5.88%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (IQLT) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect iShares MSCI Intl Quality Factor ETF to open at $39.24, and during the day (based on 14 day Average True Range), to move between $38.82 and $39.68, which gives a possible trading interval of +/-$0.435 (+/-1.11%) up or down from last closing price. If iShares MSCI Intl Quality Factor ETF takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $39.28 (0.08%) than the support at $38.97 (0.71%), 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 Intl Quality Factor ETF ETF A Buy?

iShares MSCI Intl Quality Factor holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.061 Hold/Accumulate Downgraded

Predicted Opening Price for iShares MSCI Intl Quality Factor ETF of Friday, June 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.