BlueStar TA-BIGITech Israel Technology ETF Forecast

$48.26
+0.345 (+0.720%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Green day on Thursday for BlueStar TA-BIGITech Israel Technology
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.72% PDF

The BlueStar TA-BIGITech Israel Technology ETF price gained 0.720% on the last trading day (Thursday, 28th Mar 2024), rising from $47.92 to $48.26. During the last trading day the ETF fluctuated 0.332% from a day low at $48.19 to a day high of $48.35. The price has risen in 6 of the last 10 days and is up by 2.9% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 3 thousand shares were bought and sold for approximately $129.72 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 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 8.54% during the next 3 months and, with a 90% probability hold a price between $51.00 and $55.33 at the end of this 3-month period.

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ITEQ Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -1.65%. 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. The BlueStar TA-BIGITech Israel Technology 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 $48.17 and $47.90. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for BlueStar TA-BIGITech Israel Technology ETF

BlueStar TA-BIGITech Israel Technology finds support from accumulated volume at $46.03 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 $0.160 between high and low, or 0.332%. For the last week the ETF has had daily average volatility of 0.574%

Our recommended stop-loss: $46.42 (-3.82%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (ITEQ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect BlueStar TA-BIGITech Israel Technology ETF to open at $48.27, and during the day (based on 14 day Average True Range), to move between $47.61 and $48.91, which gives a possible trading interval of +/-$0.649 (+/-1.34%) up or down from last closing price. If BlueStar TA-BIGITech Israel Technology ETF takes out the full calculated possible swing range there will be an estimated 2.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $48.51 (0.52%) than the support at $46.03 (4.62%), 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 BlueStar TA-BIGITech Israel Technology 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 BlueStar TA-BIGITech Israel Technology ETF to perform well in the short-term.

Current score: 3.210 Buy Candidate Unchanged

Predicted Opening Price for BlueStar TA-BIGITech Israel Technology ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$48.27 ( 0.0130%) $48.26

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

Trading levels for ITEQ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 48.43 0.345 %
R2 48.37 0.218 %
R1 48.33 0.140 %
Current price: 48.26
Support S1 48.21 -0.114 %
S2 48.17 -0.192 %
S3 48.11 -0.319 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 48.78 1.08 %
R2 48.76 1.03 %
R1 48.51 0.517 %
Current price 48.26
Support S1 46.03 -4.62%
S2 45.13 -6.48%
S3 44.99 -6.78%

ITEQ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 22, 2021 Mar 23, 2021 Mar 25, 2021 $0.0500 0.0779%
2 Dec 11, 2020 Dec 14, 2020 Dec 16, 2020 $0.390 0.602%
3 Sep 19, 2019 Sep 20, 2019 Sep 24, 2019 $0.0100 0.0248%
4 Dec 21, 2018 Dec 24, 2018 Dec 27, 2018 $0.0920 0.298%
5 Dec 22, 2017 Dec 26, 2017 Dec 28, 2017 $0.172 0.542%

FAQ

What is the symbol for BlueStar TA-BIGITech Israel Technology ETF ETF and on which exchange is it traded?
The symbol for BlueStar TA-BIGITech Israel Technology ETF is ITEQ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell BlueStar TA-BIGITech Israel Technology ETF ETF?
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 BlueStar TA-BIGITech Israel Technology ETF to perform well in the short-term.

How to buy BlueStar TA-BIGITech Israel Technology ETF ETF?
BlueStar TA-BIGITech Israel Technology ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy BlueStar TA-BIGITech Israel Technology ETF ETF.

What's the current price of BlueStar TA-BIGITech Israel Technology ETF ETF?
As of the end of day on the 2024-03-28, the price of an BlueStar TA-BIGITech Israel Technology ETF (ITEQ) share was $48.26.

What is the 52-week high and low for BlueStar TA-BIGITech Israel Technology ETF ETF?
The 52-week high for BlueStar TA-BIGITech Israel Technology ETF ETF is $49.26 and the 52-week low is $35.80.

What is the market capitalization of BlueStar TA-BIGITech Israel Technology ETF ETF?
As of the 2024-03-28, the market capitalization of BlueStar TA-BIGITech Israel Technology ETF is 89.934M.
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About BlueStar TA-BIGITech Israel Technology ETF

The investment seeks to provide investment results that correspond generally to the total return performance of the TASE-BlueStar Israel Global Technology Indexâ„¢ ("TA-BIGITechâ„¢"). The fund will invest at least 80% of its total assets in the component securities of the index and in depositary receipts representing such securities. As a result, normally the fund will invest at least 80% of its total assets in Israeli technology companies. TA-B... ITEQ Profile

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