iShares Global Consumer Staples ETF Forecast
iShares Global Consumer Staples ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The iShares Global Consumer Staples ETF price fell by -0.360% on the last day (Friday, 28th Jun 2024) from $91.77 to $91.44. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.505% from a day low at $91.14 to a day high of $91.60. The price has fallen in 6 of the last 10 days and is down by -0.44% for this period. Volume has increased on the last day by 619 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, 1 thousand shares were bought and sold for approximately $116.86 thousand.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $91.20 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 2.02% during the next 3 months and, with a 90% probability hold a price between $93.05 and $96.52 at the end of this 3-month period.
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IXI.AX Signals & Forecast
Mostly positive signals in the chart today. Some may claim that when the sun shines too bright there is rain ahead, but you should always take into consideration the time of the year.
A sell signal from a double top formation was found on Friday, June 07, 2024 and based on theory for this formation the price should fall by -0.670% to $90.82 within 19 trading days since signal was issued (Friday, July 05, 2024).
Support, Risk & Stop-loss for iShares Global Consumer Staples ETF
iShares Global Consumer Staples finds support from accumulated volume at $91.31 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 $0.460 between high and low, or 0.505%. For the last week the ETF has had daily average volatility of 0.467%.
Our recommended stop-loss: $88.40 (-3.32%) (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 (IXI.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect iShares Global Consumer Staples ETF to open at $91.39, and during the day (based on 14 day Average True Range), to move between $90.79 and $92.09, which gives a possible trading interval of +/-$0.647 (+/-0.71%) up or down from last closing price. If iShares Global Consumer Staples ETF takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $91.31 (0.14%) than the resistance at $91.74 (0.33%), 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 Consumer Staples ETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.089 Buy Candidate Upgraded
Predicted Opening Price for iShares Global Consumer Staples ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $91.39 ( 0.0510%) | $91.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IXI.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 91.85 | 0.452% |
| R2 | 91.68 | 0.260% |
| R1 | 91.57 | 0.141% |
| Price | 91.44 | |
| S1 | 91.22 | -0.243% |
| S2 | 91.11 | -0.362% |
| S3 | 90.93 | -0.554% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 92.39 | 1.04% |
| R2 | 92.35 | 1.00% |
| R1 | 91.74 | 0.328% |
| Price | 91.44 | |
| S1 | 91.31 | -0.142% |
| S2 | 90.67 | -0.84% |
| S3 | 90.00 | -1.57% |
IXI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | $1.51 | 1.75% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | $1.09 | 1.20% |
| 3 | Dec 21, 2022 | Dec 21, 2022 | Dec 21, 2022 | $0.712 | 0.799% |
| 4 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | $0.89 | 1.06% |
| 5 | Dec 21, 2021 | Dec 21, 2021 | Dec 21, 2021 | $0.84 | 0.95% |
FAQ
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