Ishares Msci Water Management ETF Forecast

Ishares Msci Water Management ETF downgraded to Sell Candidate
(Updated on Jun 26, 2024)

IWTR Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Msci Water Management 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 $30.79 and $31.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -5.06%. Further fall is indicated until a new bottom pivot has been found. Ishares Msci Water Management gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ishares Msci Water Management ETF

Ishares Msci Water Management finds support from accumulated volume at $30.47 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 $0.0600 between high and low, or 0.197%. For the last week the ETF has had daily average volatility of 0.187%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IWTR) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Ishares Msci Water Management Multisector Etf to open at $30.55, and during the day (based on 14 day Average True Range), to move between $30.35 and $30.79, which gives a possible trading interval of +/-$0.218 (+/-0.71%) up or down from last closing price. If Ishares Msci Water Management Multisector Etf takes out the full calculated possible swing range there will be an estimated 1.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $30.61 (0.13%) than the support at $30.47 (0.33%), 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 Msci Water Management Multisector Etf ETF A Buy?

The Ishares Msci Water Management ETF holds several negative signals and despite the positive trend, we believe Ishares Msci Water Management 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 Buy to a Sell candidate.

Current score: -2.041 Sell Candidate Downgraded

Predicted Opening Price for Ishares Msci Water Management Multisector Etf of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.