iShares MSCI Intl Quality Factor 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
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
iShares MSCI Intl Quality Factor ETF price ended at $39.25 on Monday, after gaining 0.667%.
(Updated on Jun 24, 2024)
The iShares MSCI Intl Quality Factor ETF price gained 0.667% on the last trading day (Monday, 24th Jun 2024), rising from $38.99 to $39.25. During the last trading day the ETF fluctuated 0.613% from a day low at $39.22 to a day high of $39.46. The price has risen in 5 of the last 10 days but is still down by -2.39% for this period. Volume fell on the last day by -105 thousand shares and in total, 718 thousand shares were bought and sold for approximately $28.19 million. 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 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 2.80% during the next 3 months and, with a 90% probability hold a price between $39.48 and $42.03 at the end of this 3-month period.
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IQLT Signals & Forecast
There are mixed signals in the ETF today. The iShares MSCI Intl Quality Factor ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $39.68. On a fall, the ETF will find some support from the short-term average at $39.15. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
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 $0.240 between high and low, or 0.613%. For the last week the ETF has had daily average volatility of 0.632%.
Our recommended stop-loss: $37.08 (-5.52%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (IQLT) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect iShares MSCI Intl Quality Factor ETF to open at $39.31, and during the day (based on 14 day Average True Range), to move between $38.81 and $39.69, which gives a possible trading interval of +/-$0.436 (+/-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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.173 Hold/Accumulate Unchanged
Predicted Opening Price for iShares MSCI Intl Quality Factor ETF of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$39.31 ( 0.153%) | $39.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IQLT
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.55 | 0.765% |
R2 | 39.46 | 0.531% |
R1 | 39.40 | 0.387% |
Price | 39.25 | |
S1 | 39.22 | -0.0815% |
S2 | 39.16 | -0.226% |
S3 | 39.07 | -0.460% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.81 | 1.43% |
R2 | 39.37 | 0.306% |
R1 | 39.28 | 0.0764% |
Price | 39.25 | |
S1 | 38.97 | -0.713% |
S2 | 38.82 | -1.10% |
S3 | 37.90 | -3.44% |
IQLT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.369 | 1.01% |
2 | Nov 29, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.484 | 1.36% |
3 | Dec 24, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.303 | 0.94% |
4 | Dec 24, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.713 | 2.30% |
5 | Dec 15, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.403 | 1.05% |
FAQ
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