iShares Russell Top 200 Growth ETF Forecast
iShares Russell Top 200 Growth ETF upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The iShares Russell Top 200 Growth ETF price gained 1.81% on the last trading day (Friday, 3rd May 2024), rising from $189.35 to $192.78. During the last trading day the ETF fluctuated 0.85% from a day low at $191.64 to a day high of $193.27. The price has risen in 6 of the last 10 days and is up by 5.02% 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, 75 thousand more shares were traded than the day before. In total, 320 thousand shares were bought and sold for approximately $61.66 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 Growth ETF with a 90% probability to be traded between $183.52 and $196.77 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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IWY Signals & Forecast
Mostly positive signals in the chart today. The iShares Russell Top 200 Growth ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $189.17 and $191.88. 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 5.02%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for iShares Russell Top 200 Growth ETF
iShares Russell Top 200 Growth finds support from accumulated volume at $189.82 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 $1.63 between high and low, or 0.85%. For the last week the ETF has had daily average volatility of 1.44%.
Our recommended stop-loss: $183.34 (-4.90%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (IWY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect iShares Russell Top 200 Growth ETF to open at $192.56, and during the day (based on 14 day Average True Range), to move between $189.68 and $195.88, which gives a possible trading interval of +/-$3.10 (+/-1.61%) up or down from last closing price. If iShares Russell Top 200 Growth ETF takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $193.78 (0.52%) than the support at $189.82 (1.54%), 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 Growth 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 Growth ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 3.599 Buy Candidate Upgraded
Predicted Opening Price for iShares Russell Top 200 Growth ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $192.56 ( 0.112%) | $192.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IWY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 194.19 | 0.733 % | |
| R2 | 193.57 | 0.410 % | ||
| R1 | 193.19 | 0.211 % | ||
| Current price: | 192.78 | |||
| Support | S1 | 191.94 | -0.435 % | |
| S2 | 191.56 | -0.635 % | ||
| S3 | 190.93 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 195.34 | 1.33 % | |
| R2 | 194.21 | 0.742 % | ||
| R1 | 193.78 | 0.519 % | ||
| Current price | 192.78 | |||
| Support | S1 | 189.82 | -1.54% | |
| S2 | 189.32 | -1.79% | ||
| S3 | 186.81 | -3.10% |
IWY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 24, 2023 | Mar 21, 2024 | Mar 27, 2024 | $0.249 | 0.128% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.387 | 0.223% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.297 | 0.191% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.235 | 0.151% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.267 | 0.197% |
FAQ
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