iShares Global Tech ETF Forecast
iShares Global Tech ETF upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The iShares Global Tech ETF price fell by -0.127% on the last day (Thursday, 25th Apr 2024) from $70.84 to $70.75. During the last trading day the ETF fluctuated 2.03% from a day low at $69.55 to a day high of $70.97. The price has fallen in 6 of the last 10 days and is down by -5.85% 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 -10 thousand shares and in total, 92 thousand shares were bought and sold for approximately $6.51 million.
The ETF is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Global Tech ETF with a 90% probability to be traded between $69.55 and $76.77 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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IXN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.95%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Global Tech 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 $73.57. On a fall, the ETF will find some support from the short-term average at $70.30. 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. 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 Tech ETF
iShares Global Tech finds support from accumulated volume at $70.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.42 between high and low, or 2.03%. For the last week, the ETF has had daily average volatility of 1.88%.
Our recommended stop-loss: $66.96 (-5.35%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (IXN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iShares Global Tech ETF to open at $70.42, and during the day (based on 14 day Average True Range), to move between $69.49 and $72.01, which gives a possible trading interval of +/-$1.26 (+/-1.78%) up or down from last closing price. If iShares Global Tech ETF takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $70.59 (0.23%) than the resistance at $72.46 (2.42%), 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 Tech ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for iShares Global Tech ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.106 Buy Candidate Upgraded
Predicted Opening Price for iShares Global Tech ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $70.42 ( 0.464%) | $70.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IXN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.84 | 1.54 % | |
| R2 | 71.30 | 0.772 % | ||
| R1 | 70.96 | 0.300 % | ||
| Current price: | 70.75 | |||
| Support | S1 | 69.88 | -1.23 % | |
| S2 | 69.55 | -1.70 % | ||
| S3 | 69.01 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.05 | 6.08 % | |
| R2 | 73.05 | 3.25 % | ||
| R1 | 72.46 | 2.42 % | ||
| Current price | 70.75 | |||
| Support | S1 | 70.59 | -0.226% | |
| S2 | 69.38 | -1.94% | ||
| S3 | 68.72 | -2.87% |
IXN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.212 | 0.316% |
| 2 | Nov 29, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.166 | 0.271% |
| 3 | Dec 14, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.187 | 0.413% |
| 4 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.175 | 0.377% |
| 5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.0080 | 0.0124% |
FAQ
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