iShares Global Healthcare 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
Evaluation of iShares Global Healthcare ETF downgraded after the last trading session.
(Updated on May 08, 2024)
The iShares Global Healthcare ETF price fell by -0.286% on the last day (Wednesday, 8th May 2024) from $90.81 to $90.55. During the last trading day the ETF fluctuated 0.437% from a day low at $90.44 to a day high of $90.83. The price has risen in 6 of the last 10 days and is up by 1.39% over the past 2 weeks. 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 -4 thousand shares and in total, 63 thousand shares were bought and sold for approximately $5.73 million.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $91.27 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -3.13% during the next 3 months and, with a 90% probability hold a price between $84.02 and $88.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IXJ Signals & Forecast
The iShares Global Healthcare 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 $89.90 and $90.01. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.286%. Further fall is indicated until a new bottom pivot has been found. 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 Healthcare ETF
iShares Global Healthcare finds support from accumulated volume at $90.47 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 $0.395 between high and low, or 0.437%. For the last week the ETF has had daily average volatility of 0.627%.
The iShares Global Healthcare ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: $87.32 (-3.57%) (This ETF has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (IXJ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect iShares Global Healthcare ETF to open at $90.61, and during the day (based on 14 day Average True Range), to move between $89.75 and $91.35, which gives a possible trading interval of +/-$0.80 (+/-0.88%) 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 1.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $90.47 (0.09%) than the resistance at $91.70 (1.27%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.204 Hold/Accumulate Downgraded
Predicted Opening Price for iShares Global Healthcare ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $90.61 ( 0.0607%) | $90.55 |
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 | 91.00 | 0.497 % | |
| R2 | 90.85 | 0.330 % | ||
| R1 | 90.76 | 0.227 % | ||
| Current price: | 90.55 | |||
| Support | S1 | 90.45 | -0.106 % | |
| S2 | 90.36 | -0.209 % | ||
| S3 | 90.21 | -0.375 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.98 | 1.58 % | |
| R2 | 91.87 | 1.46 % | ||
| R1 | 91.70 | 1.27 % | ||
| Current price | 90.55 | |||
| Support | S1 | 90.47 | -0.0883% | |
| S2 | 90.15 | -0.442% | ||
| S3 | 87.64 | -3.21% |
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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