iShares U.S. Financials 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
Green day on Monday for iShares U.S. Financials ETF after gaining 1.22%
(Updated on May 06, 2024)
The iShares U.S. Financials ETF price gained 1.22% on the last trading day (Monday, 6th May 2024), rising from $92.48 to $93.61. It has now gained 4 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 0.759% from a day low at $92.91 to a day high of $93.62. The price has been going up and down for this period, and there has been a 1.01% 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, 50 thousand more shares were traded than the day before. In total, 107 thousand shares were bought and sold for approximately $10.04 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 4.14% during the next 3 months and, with a 90% probability hold a price between $94.02 and $101.33 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 $92.19 and $92.84. 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 4.72%. 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.
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 $0.705 between high and low, or 0.759%. For the last week the ETF has had daily average volatility of 1.02%.
Our recommended stop-loss: $89.01 (-4.91%) (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 14 days ago.)
Trading Expectations (IYF) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect iShares U.S. Financials ETF to open at $93.38, and during the day (based on 14 day Average True Range), to move between $92.52 and $94.70, which gives a possible trading interval of +/-$1.09 (+/-1.16%) 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 2.33% 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 (0.19%) than the support at $92.96 (0.69%), 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: 2.579 Buy Candidate Unchanged
Predicted Opening Price for iShares U.S. Financials ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $93.38 ( 0.244%) | $93.61 |
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 | 94.09 | 0.509 % | |
| R2 | 93.82 | 0.222 % | ||
| R1 | 93.65 | 0.0438 % | ||
| Current price: | 93.61 | |||
| Support | S1 | 93.11 | -0.532 % | |
| S2 | 92.95 | -0.709 % | ||
| S3 | 92.68 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.03 | 1.52 % | |
| R2 | 94.81 | 1.28 % | ||
| R1 | 93.79 | 0.192 % | ||
| Current price | 93.61 | |||
| Support | S1 | 92.96 | -0.694% | |
| S2 | 92.22 | -1.48% | ||
| S3 | 90.55 | -3.27% |
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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