iShares Russell 3000 ETF Forecast
iShares Russell 3000 ETF price up 0.169% on Friday
(Updated on May 17, 2024)
The iShares Russell 3000 ETF price gained 0.169% on the last trading day (Friday, 17th May 2024), rising from $302.00 to $302.51. During the last trading day the ETF fluctuated 0.264% from a day low at $301.74 to a day high of $302.54. The price has risen in 8 of the last 10 days and is up by 3.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately $18.36 million.
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 $303.03 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares Russell 3000 ETF with a 90% probability to be traded between $287.47 and $306.46 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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IWV Signals & Forecast
The iShares Russell 3000 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 $299.98 and $293.34. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.135%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for iShares Russell 3000 ETF
iShares Russell 3000 finds support from accumulated volume at $298.38 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 $0.798 (0.264%) between high and low. For the last week, the ETF has had daily average volatility of 0.539%.
Our recommended stop-loss: $291.80 (-3.54%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (IWV) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares Russell 3000 ETF to open at $302.26, and during the day (based on 14 day Average True Range), to move between $299.84 and $305.18, which gives a possible trading interval of +/-$2.67 (+/-0.88%) up or down from last closing price. If iShares Russell 3000 ETF takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $302.92 (0.14%) than the support at $298.38 (1.37%), 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 3000 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 3000 ETF to perform well in the short-term period.
Current score: 2.864 Buy Candidate Unchanged
Predicted Opening Price for iShares Russell 3000 ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $302.26 ( 0.0813%) | $302.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IWV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 303.06 | 0.182 % | |
| R2 | 302.76 | 0.0817 % | ||
| R1 | 302.57 | 0.0194 % | ||
| Current price: | 302.51 | |||
| Support | S1 | 301.96 | -0.182 % | |
| S2 | 301.77 | -0.244 % | ||
| S3 | 301.47 | -0.345 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 302.92 | 0.136 % | ||
| Current price | 302.51 | |||
| Support | S1 | 298.38 | -1.37% | |
| S2 | 294.15 | -2.76% | ||
| S3 | 293.81 | -2.88% |
IWV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.752 | 0.251% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $1.06 | 0.394% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $1.01 | 0.412% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.646 | 0.258% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.83 | 0.360% |
FAQ
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