iShares Global Tech ETF Forecast
Red day on Tuesday for iShares Global Tech ETF after losing 0.338%
(Updated on May 07, 2024)
The iShares Global Tech ETF price fell by -0.338% on the last day (Tuesday, 7th May 2024) from $73.87 to $73.62. During the last trading day the ETF fluctuated 0.87% from a day low at $73.61 to a day high of $74.25. The price has risen in 6 of the last 10 days and is up by 4.41% over the past 2 weeks. Volume has increased on the last day by 44 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, 129 thousand shares were bought and sold for approximately $9.51 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 $73.84 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 -2.03% during the next 3 months and, with a 90% probability hold a price between $67.03 and $72.34 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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IXN Signals & Forecast
The iShares Global Tech 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 $71.94 and $73.01. 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 Monday, May 06, 2024, and so far it has fallen -0.338%. Further fall is indicated until a new bottom pivot has been found. 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 Tech ETF
iShares Global Tech finds support from accumulated volume at $73.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.640 (0.87%) between high and low. For the last week, the ETF has had daily average volatility of 1.35%.
Our recommended stop-loss: $71.45 (-2.95%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (IXN) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect iShares Global Tech ETF to open at $73.83, and during the day (based on 14 day Average True Range), to move between $72.35 and $74.89, which gives a possible trading interval of +/-$1.27 (+/-1.73%) 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 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $73.05 (0.77%) than the resistance at $74.21 (0.80%), 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, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 1.105 Buy Candidate Unchanged
Predicted Opening Price for iShares Global Tech ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $73.83 ( 0.281%) | $73.62 |
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 | 74.47 | 1.15 % | |
| R2 | 74.22 | 0.82 % | ||
| R1 | 74.07 | 0.613 % | ||
| Current price: | 73.62 | |||
| Support | S1 | 73.58 | -0.0514 % | |
| S2 | 73.43 | -0.257 % | ||
| S3 | 73.19 | -0.589 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.05 | 1.94 % | |
| R2 | 74.45 | 1.13 % | ||
| R1 | 74.21 | 0.80 % | ||
| Current price | 73.62 | |||
| Support | S1 | 73.05 | -0.774% | |
| S2 | 70.59 | -4.12% | ||
| S3 | 69.38 | -5.76% |
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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