iShares U.S. Financials ETF Forecast
Green day on Tuesday for iShares U.S. Financials
(Updated on May 07, 2024)
The iShares U.S. Financials ETF price gained 0.139% on the last trading day (Tuesday, 7th May 2024), rising from $93.61 to $93.74. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.512% from a day low at $93.66 to a day high of $94.14. The price has been going up and down for this period, and there has been a 0.63% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 90 thousand more shares were traded than the day before. In total, 197 thousand shares were bought and sold for approximately $18.50 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.90% during the next 3 months and, with a 90% probability hold a price between $93.81 and $101.06 at the end of this 3-month period.
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IYF Signals & Forecast
Mostly positive signals in the chart today. The iShares U.S. Financials 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 $92.42 and $92.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.87%. 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. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for iShares U.S. Financials ETF
iShares U.S. Financials finds support from accumulated volume at $92.96 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 $0.480 between high and low, or 0.512%. For the last week the ETF has had daily average volatility of 0.92%.
Our recommended stop-loss: $89.06 (-4.99%) (This ETF has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (IYF) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect iShares U.S. Financials ETF to open at $93.85, and during the day (based on 14 day Average True Range), to move between $92.69 and $94.79, which gives a possible trading interval of +/-$1.05 (+/-1.12%) up or down from last closing price. If iShares U.S. Financials ETF takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $93.79 (0.05%) than the support at $92.96 (0.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is iShares U.S. Financials ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares U.S. Financials ETF to perform well in the short-term.
Current score: 1.943 Buy Candidate Unchanged
Predicted Opening Price for iShares U.S. Financials ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $93.85 ( 0.114%) | $93.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IYF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 94.33 | 0.626 % | |
| R2 | 94.14 | 0.430 % | ||
| R1 | 94.03 | 0.309 % | ||
| Current price: | 93.74 | |||
| Support | S1 | 93.66 | -0.0818 % | |
| S2 | 93.55 | -0.203 % | ||
| S3 | 93.37 | -0.398 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.03 | 1.38 % | |
| R2 | 94.81 | 1.14 % | ||
| R1 | 93.79 | 0.0533 % | ||
| Current price | 93.74 | |||
| Support | S1 | 92.96 | -0.83% | |
| S2 | 92.22 | -1.62% | ||
| S3 | 90.55 | -3.40% |
IYF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.308 | 0.324% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.410 | 0.490% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.394 | 0.534% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.286 | 0.386% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.338 | 0.479% |
FAQ
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