iShares Core S&P U.S. Growth ETF Forecast
Green day on Thursday for iShares Core S&P U.S. Growth ETF after gaining 0.265%
(Updated on Jun 27, 2024)
The iShares Core S&P U.S. Growth ETF price gained 0.265% on the last trading day (Thursday, 27th Jun 2024), rising from $128.12 to $128.46. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.656% from a day low at $127.91 to a day high of $128.75. The price has risen in 7 of the last 10 days and is up by 1.82% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 359 thousand shares were bought and sold for approximately $46.08 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 upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $129.99 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 12.53% during the next 3 months and, with a 90% probability hold a price between $136.11 and $146.28 at the end of this 3-month period.
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IUSG Signals & Forecast
The iShares Core S&P U.S. Growth 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 $127.67 and $122.61. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.101%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for iShares Core S&P U.S. Growth ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $116.90 and $116.89. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, iShares Core S&P U.S. Growth finds support just below today's level at $116.90. If this is broken, then the next support from accumulated volume will be at $116.89 and $114.13.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.84 (0.656%) between high and low. For the last week, the ETF has had daily average volatility of 0.90%.
Our recommended stop-loss: $124.54 (-3.05%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (IUSG) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect iShares Core S&P U.S. Growth ETF to open at $128.37, and during the day (based on 14 day Average True Range), to move between $127.07 and $129.85, which gives a possible trading interval of +/-$1.39 (+/-1.08%) up or down from last closing price. If iShares Core S&P U.S. Growth ETF takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $128.59 (0.10%) than the support at $116.90 (9.00%), 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 Core S&P U.S. Growth 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 iShares Core S&P U.S. Growth ETF to perform well in the short-term.
Current score: 4.040 Buy Candidate Unchanged
Predicted Opening Price for iShares Core S&P U.S. Growth ETF of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $128.37 ( 0.0678%) | $128.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IUSG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 129.21 | 0.585% |
| R2 | 128.89 | 0.336% |
| R1 | 128.69 | 0.182% |
| Price | 128.46 | |
| S1 | 128.05 | -0.317% |
| S2 | 127.85 | -0.471% |
| S3 | 127.53 | -0.721% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 128.59 | 0.101% |
| Price | 128.46 | |
| S1 | 116.90 | -9.00% |
| S2 | 116.89 | -9.01% |
| S3 | 114.13 | -11.16% |
IUSG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.167 | 0.142% |
| 2 | Dec 19, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.327 | 0.313% |
| 3 | Sep 25, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.350 | 0.368% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.220 | 0.230% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.271 | 0.311% |
FAQ
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