iShares Global Healthcare ETF Forecast
iShares Global Healthcare ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The iShares Global Healthcare ETF price gained 0.236% on the last trading day (Friday, 26th Apr 2024), rising from $88.91 to $89.12. During the last trading day the ETF fluctuated 0.631% from a day low at $88.79 to a day high of $89.35. The price has fallen in 5 of the last 10 days but is still up by 1.3% 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, 34 thousand more shares were traded than the day before. In total, 101 thousand shares were bought and sold for approximately $9.03 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 Global Healthcare ETF with a 90% probability to be traded between $86.16 and $91.36 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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IXJ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.96%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Global Healthcare 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 $90.60. On a fall, the ETF will find some support from the short-term average at $88.65. 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.
Support, Risk & Stop-loss for iShares Global Healthcare ETF
iShares Global Healthcare finds support from accumulated volume at $88.84 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 $0.560 between high and low, or 0.631%. For the last week the ETF has had daily average volatility of 0.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IXJ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect iShares Global Healthcare ETF to open at $89.09, and during the day (based on 14 day Average True Range), to move between $88.24 and $90.00, which gives a possible trading interval of +/-$0.88 (+/-0.99%) up or down from last closing price. If iShares Global Healthcare ETF takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $88.84 (0.31%) than the resistance at $90.15 (1.16%), 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 Healthcare ETF ETF A Buy?
iShares Global Healthcare 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.676 Sell Candidate Downgraded
Predicted Opening Price for iShares Global Healthcare ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $89.09 ( 0.0374%) | $89.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IXJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.65 | 0.591 % | |
| R2 | 89.43 | 0.351 % | ||
| R1 | 89.30 | 0.203 % | ||
| Current price: | 89.12 | |||
| Support | S1 | 88.87 | -0.277 % | |
| S2 | 88.74 | -0.426 % | ||
| S3 | 88.53 | -0.666 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.98 | 3.21 % | |
| R2 | 91.87 | 3.09 % | ||
| R1 | 90.15 | 1.16 % | ||
| Current price | 89.12 | |||
| Support | S1 | 88.84 | -0.314% | |
| S2 | 88.74 | -0.426% | ||
| S3 | 87.64 | -1.66% |
IXJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.556 | 0.660% |
| 2 | Nov 29, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.644 | 0.762% |
| 3 | Dec 24, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.440 | 0.522% |
| 4 | Dec 24, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.551 | 0.714% |
| 5 | Dec 15, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.482 | 0.548% |
FAQ
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