iShares Russell Top 200 ETF Forecast
Green day on Tuesday for iShares Russell Top 200 ETF after gaining 0.489%
(Updated on May 14, 2024)
The iShares Russell Top 200 ETF price gained 0.489% on the last trading day (Tuesday, 14th May 2024), rising from $126.89 to $127.51. During the last trading day the ETF fluctuated 0.670% from a day low at $126.75 to a day high of $127.60. The price has risen in 7 of the last 10 days and is up by 4.43% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 34 thousand shares were bought and sold for approximately $4.29 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 ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $127.67 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares Russell Top 200 ETF with a 90% probability to be traded between $121.81 and $128.73 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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IWL Signals & Forecast
Mostly positive signals in the chart today. The iShares Russell Top 200 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 $126.56 and $124.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.81%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for iShares Russell Top 200 ETF
iShares Russell Top 200 finds support from accumulated volume at $127.12 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 $0.85 between high and low, or 0.670%. For the last week the ETF has had daily average volatility of 0.527%.
Our recommended stop-loss: $121.48 (-4.73%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (IWL) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect iShares Russell Top 200 ETF to open at $127.29, and during the day (based on 14 day Average True Range), to move between $126.32 and $128.70, which gives a possible trading interval of +/-$1.19 (+/-0.93%) up or down from last closing price. If iShares Russell Top 200 ETF takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $127.12, some $0.390 (0.31%) from the current price of $127.51, our system finds the risk reward attractive.
Is iShares Russell Top 200 ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares Russell Top 200 ETF to perform well in the short-term period.
Current score: 4.118 Buy Candidate Unchanged
Predicted Opening Price for iShares Russell Top 200 ETF of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $127.29 ( 0.175%) | $127.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IWL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 128.13 | 0.490 % | |
| R2 | 127.81 | 0.236 % | ||
| R1 | 127.61 | 0.0788 % | ||
| Current price: | 127.51 | |||
| Support | S1 | 126.96 | -0.430 % | |
| S2 | 126.76 | -0.587 % | ||
| S3 | 126.44 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 127.51 | |||
| Support | S1 | 127.12 | -0.306% | |
| S2 | 126.08 | -1.12% | ||
| S3 | 126.07 | -1.13% |
IWL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.335 | 0.264% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.422 | 0.372% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.415 | 0.400% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.300 | 0.287% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.361 | 0.378% |
FAQ
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