iShares U.S. Healthcare ETF Forecast
iShares U.S. Healthcare ETF price down 0.147% on Thursday
(Updated on May 16, 2024)
The iShares U.S. Healthcare ETF price fell by -0.147% on the last day (Thursday, 16th May 2024) from $61.38 to $61.29. During the last trading day the ETF fluctuated 0.433% from a day low at $61.15 to a day high of $61.42. The price has risen in 7 of the last 10 days and is up by 3.67% 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 -97 thousand shares and in total, 124 thousand shares were bought and sold for approximately $7.57 million.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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IYH Signals & Forecast
The iShares U.S. Healthcare ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $60.52 and $59.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.58%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 U.S. Healthcare ETF
iShares U.S. Healthcare finds support from accumulated volume at $59.98 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 $0.265 between high and low, or 0.433%. For the last week the ETF has had daily average volatility of 0.661%.
The iShares U.S. Healthcare ETF is extremely overbought on RSI14 (87). This increases the short-term risk substantially.
Our recommended stop-loss: $58.07 (-5.26%) (This ETF has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (IYH) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect iShares U.S. Healthcare ETF to open at $61.29, and during the day (based on 14 day Average True Range), to move between $60.17 and $62.41, which gives a possible trading interval of +/-$1.12 (+/-1.83%) up or down from last closing price. If iShares U.S. Healthcare ETF takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.37 (0.13%) than the support at $59.98 (2.14%), 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. Healthcare ETF ETF A Buy?
iShares U.S. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for iShares U.S. Healthcare ETF of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $61.29 ( 0.0082%) | $61.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IYH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.55 | 0.424 % | |
| R2 | 61.45 | 0.259 % | ||
| R1 | 61.39 | 0.157 % | ||
| Current price: | 61.29 | |||
| Support | S1 | 61.18 | -0.173 % | |
| S2 | 61.12 | -0.275 % | ||
| S3 | 61.02 | -0.441 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.90 | 1.00 % | |
| R2 | 61.42 | 0.212 % | ||
| R1 | 61.37 | 0.131 % | ||
| Current price | 61.29 | |||
| Support | S1 | 59.98 | -2.14% | |
| S2 | 59.26 | -3.31% | ||
| S3 | 59.12 | -3.54% |
IYH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.167 | 0.269% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.89 | 1.60% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $1.17 | 2.17% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.546 | 0.99% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.775 | 1.44% |
FAQ
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