iShares Global Financials ETF Forecast
iShares Global Financials ETF price ended at $82.30 on Monday, after losing 0.436%.
(Updated on Apr 15, 2024)
The iShares Global Financials ETF price fell by -0.436% on the last day (Monday, 15th Apr 2024) from $82.66 to $82.30. It has now fallen 5 days in a row. During the last trading day the ETF fluctuated 2.28% from a day low at $82.15 to a day high of $84.03. The price has fallen in 7 of the last 10 days and is down by -4.41% for this period. Volume has increased on the last day by 19 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, 23 thousand shares were bought and sold for approximately $1.93 million.
Given the current short-term trend, the ETF is expected to rise 11.03% during the next 3 months and, with a 90% probability hold a price between $91.37 and $97.92 at the end of this 3-month period.
IXG Signals & Forecast
There are few to no technical positive signals at the moment. The iShares Global Financials ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $84.45 and $84.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -5.01%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for iShares Global Financials ETF
iShares Global Financials finds support from accumulated volume at $79.24 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 $1.88 between high and low, or 2.28%. For the last week the ETF has had daily average volatility of 1.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IXG) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect iShares Global Financials ETF to open at $82.83, and during the day (based on 14 day Average True Range), to move between $81.37 and $83.23, which gives a possible trading interval of +/-$0.93 (+/-1.13%) up or down from last closing price. If iShares Global Financials ETF takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $82.34 (0.05%) than the support at $79.24 (3.72%), 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 Global Financials ETF ETF A Buy?
The iShares Global Financials ETF holds several negative signals and despite the positive trend, we believe iShares Global Financials will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.445 Sell Candidate Unchanged
Predicted Opening Price for iShares Global Financials ETF of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $82.83 ( 0.638%) | $82.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IXG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.70 | 2.92 % | |
| R2 | 83.98 | 2.05 % | ||
| R1 | 83.54 | 1.51 % | ||
| Current price: | 82.30 | |||
| Support | S1 | 82.11 | -0.232 % | |
| S2 | 81.67 | -0.770 % | ||
| S3 | 80.95 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.63 | 4.05 % | |
| R2 | 85.25 | 3.58 % | ||
| R1 | 82.34 | 0.0482 % | ||
| Current price | 82.30 | |||
| Support | S1 | 79.24 | -3.72% | |
| S2 | 79.22 | -3.74% | ||
| S3 | 79.14 | -3.84% |
IXG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.93 | 1.21% |
| 2 | Nov 29, 2022 | Jun 07, 2023 | Jun 13, 2023 | $1.13 | 1.61% |
| 3 | Dec 24, 2021 | Dec 13, 2022 | Dec 19, 2022 | $1.07 | 1.56% |
| 4 | Dec 24, 2021 | Jun 09, 2022 | Jun 15, 2022 | $1.54 | 2.32% |
| 5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.0350 | 0.0437% |
FAQ
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