iShares Russell 1000 Value ETF Forecast
iShares Russell 1000 Value ETF upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The iShares Russell 1000 Value ETF price gained 0.527% on the last trading day (Monday, 17th Jun 2024), rising from $172.79 to $173.70. During the last trading day the ETF fluctuated 1.10% from a day low at $171.98 to a day high of $173.87. The price has fallen in 6 of the last 10 days and is down by -1.31% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 272 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $306.14 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Russell 1000 Value ETF with a 90% probability to be traded between $169.61 and $179.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IWD Signals & Forecast
The iShares Russell 1000 Value 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 $174.29 and $175.47. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.527%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for iShares Russell 1000 Value ETF
iShares Russell 1000 Value finds support from accumulated volume at $170.62 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 $1.89 between high and low, or 1.10%. For the last week the ETF has had daily average volatility of 0.91%.
Our recommended stop-loss: $163.07 (-6.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (IWD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect iShares Russell 1000 ETF Value ETF to open at $173.18, and during the day (based on 14 day Average True Range), to move between $172.00 and $175.40, which gives a possible trading interval of +/-$1.70 (+/-0.98%) up or down from last closing price. If iShares Russell 1000 ETF Value ETF takes out the full calculated possible swing range there will be an estimated 1.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $176.73 (1.74%) than the support at $170.62 (1.77%), 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 Russell 1000 ETF Value ETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.403 Buy Candidate Upgraded
Predicted Opening Price for iShares Russell 1000 ETF Value ETF of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $173.18 ( 0.297%) | $173.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IWD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 175.07 | 0.791% |
| R2 | 174.35 | 0.375% |
| R1 | 173.91 | 0.118% |
| Price | 173.70 | |
| S1 | 172.46 | -0.713% |
| S2 | 172.02 | -0.97% |
| S3 | 171.29 | -1.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 179.11 | 3.11% |
| R2 | 178.54 | 2.79% |
| R1 | 176.73 | 1.74% |
| Price | 173.70 | |
| S1 | 170.62 | -1.77% |
| S2 | 170.55 | -1.81% |
| S3 | 169.70 | -2.30% |
IWD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.770 | 0.431% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.96 | 0.595% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.99 | 0.657% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.627 | 0.403% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.763 | 0.510% |
FAQ
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