iShares Russell Mid-Cap Value 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
Red day on Tuesday for iShares Russell Mid-Cap Value
(Updated on Apr 30, 2024)
The iShares Russell Mid-Cap Value ETF price fell by -1.57% on the last day (Tuesday, 30th Apr 2024) from $120.76 to $118.86. During the last trading day the ETF fluctuated 1.35% from a day low at $118.84 to a day high of $120.44. The price has risen in 6 of the last 10 days and is up by 0.94% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -144 thousand shares and in total, 199 thousand shares were bought and sold for approximately $23.71 million.
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 $118.02 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 4.53% during the next 3 months and, with a 90% probability hold a price between $123.37 and $133.06 at the end of this 3-month period.
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IWS Signals & Forecast
The iShares Russell Mid-Cap 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 $119.72 and $121.43. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 Thursday, April 18, 2024, and so far it has risen 1.32%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for iShares Russell Mid-Cap Value ETF
iShares Russell Mid-Cap Value finds support from accumulated volume at $118.57 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 $1.60 (1.35%) between high and low. For the last week, the ETF has had daily average volatility of 0.97%.
Our recommended stop-loss: $111.75 (-5.98%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (IWS) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect iShares Russell Mid-Cap Value ETF to open at $119.38, and during the day (based on 14 day Average True Range), to move between $117.41 and $120.31, which gives a possible trading interval of +/-$1.45 (+/-1.22%) up or down from last closing price. If iShares Russell Mid-Cap Value ETF takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $118.57 (0.24%) than the resistance at $119.86 (0.84%), 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 Russell Mid-Cap 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.
Current score: 1.704 Buy Candidate Unchanged
Predicted Opening Price for iShares Russell Mid-Cap Value ETF of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $119.38 ( 0.437%) | $118.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IWS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.98 | 1.78 % | |
| R2 | 120.37 | 1.27 % | ||
| R1 | 119.99 | 0.95 % | ||
| Current price: | 118.86 | |||
| Support | S1 | 118.77 | -0.0767 % | |
| S2 | 118.39 | -0.394 % | ||
| S3 | 117.78 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.99 | 1.79 % | |
| R2 | 120.83 | 1.66 % | ||
| R1 | 119.86 | 0.84 % | ||
| Current price | 118.86 | |||
| Support | S1 | 118.57 | -0.244% | |
| S2 | 118.50 | -0.303% | ||
| S3 | 117.10 | -1.48% |
IWS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.385 | 0.308% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.587 | 0.515% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.582 | 0.566% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.385 | 0.357% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.491 | 0.472% |
FAQ
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