iShares S&P 500 Growth ETF Forecast
Weaker technical forecast for iShares S&P 500 Growth as ETF downgraded to Sell Candidate.
(Updated on Apr 22, 2024)
The iShares S&P 500 Growth ETF price gained 1.02% on the last trading day (Monday, 22nd Apr 2024), rising from $79.31 to $80.12. During the last trading day the ETF fluctuated 1.77% from a day low at $79.23 to a day high of $80.63. The price has fallen in 7 of the last 10 days and is down by -4.91% for this period. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately $139.00 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $79.39 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.72% during the next 3 months and, with a 90% probability hold a price between $83.92 and $91.60 at the end of this 3-month period.
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IVW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.02%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares S&P 500 Growth 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 $81.54 and $83.44. 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).
Support, Risk & Stop-loss for iShares S&P 500 Growth ETF
iShares S&P 500 Growth finds support from accumulated volume at $80.10 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 $1.40 between high and low, or 1.77%. For the last week the ETF has had daily average volatility of 1.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IVW) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect iShares S&P 500 Growth ETF to open at $79.99, and during the day (based on 14 day Average True Range), to move between $78.85 and $81.39, which gives a possible trading interval of +/-$1.27 (+/-1.59%) up or down from last closing price. If iShares S&P 500 Growth ETF takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $80.10 (0.02%) than the resistance at $82.39 (2.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares S&P 500 Growth ETF ETF A Buy?
The iShares S&P 500 Growth ETF holds several negative signals and despite the positive trend, we believe iShares S&P 500 Growth will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.055 Sell Candidate Downgraded
Predicted Opening Price for iShares S&P 500 Growth ETF of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $79.99 ( 0.158%) | $80.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.39 | 1.59 % | |
| R2 | 80.86 | 0.92 % | ||
| R1 | 80.53 | 0.509 % | ||
| Current price: | 80.12 | |||
| Support | S1 | 79.46 | -0.83 % | |
| S2 | 79.13 | -1.24 % | ||
| S3 | 78.59 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.67 | 4.43 % | |
| R2 | 82.73 | 3.26 % | ||
| R1 | 82.39 | 2.83 % | ||
| Current price | 80.12 | |||
| Support | S1 | 80.10 | -0.0250% | |
| S2 | 78.61 | -1.88% | ||
| S3 | 78.41 | -2.13% |
IVW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.0836 | 0.0987% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.213 | 0.287% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.223 | 0.324% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.148 | 0.214% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.188 | 0.300% |
FAQ
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