iShares U.S. Consumer Goods 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
Stronger technical forecast for iShares U.S. Consumer Goods ETF price after Friday trading.
(Updated on May 31, 2024)
The iShares U.S. Consumer Goods ETF price gained 1.86% on the last trading day (Friday, 31st May 2024), rising from $65.65 to $66.87. During the last trading day the ETF fluctuated 1.90% from a day low at $65.65 to a day high of $66.90. The price has fallen in 7 of the last 10 days and is down by -2.02% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 60 thousand shares were bought and sold for approximately $3.99 million.
The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $46.15 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -17.10% during the next 3 months and, with a 90% probability hold a price between $38.26 and $135.07 at the end of this 3-month period.
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IYK Signals & Forecast
The iShares U.S. Consumer Goods 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 $66.46 and $66.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.42%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for iShares U.S. Consumer Goods ETF
iShares U.S. Consumer Goods finds support from accumulated volume at $66.59 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 $1.25 between high and low, or 1.90%. For the last week the ETF has had daily average volatility of 1.02%.
Our recommended stop-loss: $64.06 (-4.20%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (IYK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect iShares U.S. Consumer Goods ETF to open at $66.47, and during the day (based on 14 day Average True Range), to move between $66.00 and $67.74, which gives a possible trading interval of +/-$0.87 (+/-1.31%) up or down from last closing price. If iShares U.S. Consumer Goods ETF takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $66.89 (0.03%) than the support at $66.59 (0.42%), 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. Consumer Goods 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 2.170 Buy Candidate Upgraded
Predicted Opening Price for iShares U.S. Consumer Goods ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $66.47 ( 0.593%) | $66.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IYK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.72 | 1.28 % | |
| R2 | 67.25 | 0.562 % | ||
| R1 | 66.95 | 0.121 % | ||
| Current price: | 66.87 | |||
| Support | S1 | 66.00 | -1.31 % | |
| S2 | 65.70 | -1.75 % | ||
| S3 | 65.22 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.06 | 0.284 % | |
| R2 | 66.96 | 0.135 % | ||
| R1 | 66.89 | 0.0299 % | ||
| Current price | 66.87 | |||
| Support | S1 | 66.59 | -0.419% | |
| S2 | 66.46 | -0.613% | ||
| S3 | 64.16 | -4.05% |
IYK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.286 | 0.424% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $1.60 | 2.57% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $1.78 | 2.88% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $1.02 | 1.54% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.87 | 1.32% |
FAQ
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