iShares Russell Top 200 Value ETF Forecast
iShares Russell Top 200 Value ETF price ended at $76.17 on Monday, after losing 0.626%.
(Updated on May 20, 2024)
The iShares Russell Top 200 Value ETF price fell by -0.626% on the last day (Monday, 20th May 2024) from $76.65 to $76.17. During the last trading day the ETF fluctuated 0.670% from a day low at $76.14 to a day high of $76.65. The price has risen in 8 of the last 10 days and is up by 2.43% over the past 2 weeks. Volume has increased on the last day by 68 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 122 thousand shares were bought and sold for approximately $9.29 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 Top 200 Value ETF with a 90% probability to be traded between $74.56 and $78.70 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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IWX Signals & Forecast
The iShares Russell Top 200 Value 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 $75.98 and $74.58. 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). 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 Friday, May 17, 2024, and so far it has fallen -0.626%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
A sell signal from a double top formation was found on Friday, May 17, 2024 and based on theory for this formation the price should fall by -7.76% to $70.26 within 35 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for iShares Russell Top 200 Value ETF
iShares Russell Top 200 Value finds support from accumulated volume at $74.41 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 $0.510 between high and low, or 0.670%. For the last week the ETF has had daily average volatility of 0.513%.
Our recommended stop-loss: $74.36 (-2.38%) (This ETF has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (IWX) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect iShares Russell Top 200 Value ETF to open at $76.32, and during the day (based on 14 day Average True Range), to move between $75.64 and $76.70, which gives a possible trading interval of +/-$0.534 (+/-0.70%) up or down from last closing price. If iShares Russell Top 200 Value ETF takes out the full calculated possible swing range there will be an estimated 1.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $76.32 (0.20%) than the support at $74.41 (2.31%), 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 Top 200 Value 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 Value ETF to perform well in the short-term period.
Current score: 1.503 Buy Candidate Unchanged
Predicted Opening Price for iShares Russell Top 200 Value ETF of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $76.32 ( 0.197%) | $76.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IWX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.83 | 0.87 % | |
| R2 | 76.64 | 0.611 % | ||
| R1 | 76.51 | 0.453 % | ||
| Current price: | 76.17 | |||
| Support | S1 | 76.13 | -0.0588 % | |
| S2 | 76.00 | -0.217 % | ||
| S3 | 75.81 | -0.473 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 76.65 | 0.630 % | ||
| R1 | 76.32 | 0.197 % | ||
| Current price | 76.17 | |||
| Support | S1 | 74.41 | -2.31% | |
| S2 | 73.56 | -3.43% | ||
| S3 | 72.99 | -4.17% |
IWX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 24, 2023 | Mar 21, 2024 | Mar 27, 2024 | $0.347 | 0.456% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.448 | 0.651% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.433 | 0.669% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.301 | 0.452% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.311 | 0.485% |
FAQ
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