iShares Emergent Food and AgTech 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:
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 Emergent Food and AgTech ETF price ended at $19.98 on Friday, after gaining 0.527%.
(Updated on May 24, 2024)
The iShares Emergent Food and AgTech ETF price gained 0.527% on the last trading day (Friday, 24th May 2024), rising from $19.88 to $19.98. During the last trading day the ETF fluctuated 0.301% from a day low at $19.95 to a day high of $20.01. The price has been going up and down for this period, and there has been a -0.39% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 394 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $35.42 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 2.39% during the next 3 months and, with a 90% probability hold a price between $19.68 and $21.07 at the end of this 3-month period.
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IVEG Signals & Forecast
The iShares Emergent Food and AgTech ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $20.12. On a fall, the ETF will find some support from the long-term average at approximately $19.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). iShares Emergent Food and AgTech 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, May 15, 2024, and so far it has fallen -1.77%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -8.96% to $18.19 within 33 trading days since signal was issued (Tuesday, May 28, 2024).
Support, Risk & Stop-loss for iShares Emergent Food and AgTech ETF
iShares Emergent Food and AgTech finds support from accumulated volume at $19.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0600 (0.301%) between high and low. For the last week, the ETF has had daily average volatility of 0.611%.
Our recommended stop-loss: $19.18 (-3.99%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (IVEG) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect iShares Emergent Food and AgTech Multisector ETF to open at $19.98, and during the day (based on 14 day Average True Range), to move between $19.83 and $20.13, which gives a possible trading interval of +/-$0.148 (+/-0.74%) up or down from last closing price. If iShares Emergent Food and AgTech Multisector ETF takes out the full calculated possible swing range there will be an estimated 1.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.99 (0.05%) than the support at $19.72 (1.30%), 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 Emergent Food and AgTech Multisector 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 Emergent Food and AgTech ETF to perform well in the short-term.
Current score: 2.029 Buy Candidate Unchanged
Predicted Opening Price for iShares Emergent Food and AgTech Multisector ETF of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $19.98 ( 0%) | $19.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVEG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.04 | 0.300 % | |
| R2 | 20.02 | 0.186 % | ||
| R1 | 20.00 | 0.115 % | ||
| Current price: | 19.98 | |||
| Support | S1 | 19.96 | -0.115 % | |
| S2 | 19.94 | -0.186 % | ||
| S3 | 19.92 | -0.300 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.21 | 1.18 % | |
| R2 | 20.18 | 0.99 % | ||
| R1 | 19.99 | 0.0501 % | ||
| Current price | 19.98 | |||
| Support | S1 | 19.72 | -1.30% | |
| S2 | 19.63 | -1.76% | ||
| S3 | 19.19 | -3.96% |
IVEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.208 | 1.07% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.258 | 1.32% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.146 | 0.720% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.149 | 0.690% |
FAQ
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