iShares U.S. Healthcare ETF Forecast
iShares U.S. Healthcare ETF downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Jun 13, 2024)
The iShares U.S. Healthcare ETF price fell by -0.213% on the last day (Thursday, 13th Jun 2024) from $61.09 to $60.96. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.96% from a day low at $60.48 to a day high of $61.06. The price has risen in 7 of the last 10 days and is up by 2.57% over the past 2 weeks. Volume has increased on the last day by 233 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, 444 thousand shares were bought and sold for approximately $27.06 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $61.55 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares U.S. Healthcare ETF with a 90% probability to be traded between $58.71 and $61.97 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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IYH Signals & Forecast
The iShares U.S. Healthcare ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $61.19. On a fall, the ETF will find some support from the long-term average at approximately $60.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, June 10, 2024, and so far it has fallen -0.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 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 $0.580 between high and low, or 0.96%. For the last week the ETF has had daily average volatility of 0.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IYH) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect iShares U.S. Healthcare ETF to open at $60.83, and during the day (based on 14 day Average True Range), to move between $60.39 and $61.53, which gives a possible trading interval of +/-$0.567 (+/-0.93%) 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 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.31 (0.57%) than the support at $59.98 (1.61%), 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 negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.745 Sell Candidate Downgraded
Predicted Opening Price for iShares U.S. Healthcare ETF of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| $60.83 ( 0.208%) | $60.96 |
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 | |
|---|---|---|
| R3 | 61.41 | 0.744% |
| R2 | 61.19 | 0.380% |
| R1 | 61.05 | 0.156% |
| Price | 60.96 | |
| S1 | 60.61 | -0.571% |
| S2 | 60.47 | -0.796% |
| S3 | 60.25 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 61.90 | 1.54% |
| R2 | 61.37 | 0.673% |
| R1 | 61.31 | 0.574% |
| Price | 60.96 | |
| S1 | 59.98 | -1.61% |
| S2 | 59.26 | -2.79% |
| S3 | 59.12 | -3.02% |
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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