iShares Global Energy 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 Global Energy ETF after losing 0.115%
(Updated on May 07, 2024)
The iShares Global Energy ETF price fell by -0.115% on the last day (Tuesday, 7th May 2024) from $43.31 to $43.26. During the last trading day the ETF fluctuated 0.659% from a day low at $43.22 to a day high of $43.50. The price has risen in 6 of the last 10 days but is still down by -1.88% for this period. 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 -96 thousand shares and in total, 261 thousand shares were bought and sold for approximately $11.29 million.
The ETF lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $42.93 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 15.15% during the next 3 months and, with a 90% probability hold a price between $49.44 and $53.74 at the end of this 3-month period.
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IXC Signals & Forecast
There are mixed signals in the ETF today. The iShares Global Energy ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $43.48. On a fall, the ETF will find some support from the short-term average at $43.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -3.35%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for iShares Global Energy ETF
iShares Global Energy finds support from accumulated volume at $43.03 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 $0.285 between high and low, or 0.659%. For the last week the ETF has had daily average volatility of 1.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IXC) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect iShares Global Energy ETF to open at $43.33, and during the day (based on 14 day Average True Range), to move between $42.64 and $43.88, which gives a possible trading interval of +/-$0.622 (+/-1.44%) up or down from last closing price. If iShares Global Energy ETF takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $43.03 (0.53%) than the resistance at $43.61 (0.81%), 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 Global Energy ETF ETF A Buy?
iShares Global Energy holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.044 Sell Candidate Unchanged
Predicted Opening Price for iShares Global Energy ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $43.33 ( 0.150%) | $43.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IXC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.61 | 0.81 % | |
| R2 | 43.50 | 0.557 % | ||
| R1 | 43.43 | 0.402 % | ||
| Current price: | 43.26 | |||
| Support | S1 | 43.22 | -0.101 % | |
| S2 | 43.15 | -0.257 % | ||
| S3 | 43.04 | -0.509 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.94 | 1.57 % | |
| R2 | 43.69 | 0.99 % | ||
| R1 | 43.61 | 0.81 % | ||
| Current price | 43.26 | |||
| Support | S1 | 43.03 | -0.532% | |
| S2 | 42.87 | -0.90% | ||
| S3 | 41.49 | -4.09% |
IXC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.636 | 1.63% |
| 2 | Nov 29, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.713 | 1.94% |
| 3 | Dec 24, 2021 | Dec 13, 2022 | Dec 19, 2022 | $1.10 | 2.94% |
| 4 | Dec 24, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.761 | 2.03% |
| 5 | Dec 15, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.668 | 2.51% |
FAQ
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