iShares Morningstar Multi-Asset Income ETF Forecast
Green day on Friday for iShares Morningstar Multi-Asset Income
(Updated on May 17, 2024)
The iShares Morningstar Multi-Asset Income ETF price gained 0.154% on the last trading day (Friday, 17th May 2024), rising from $20.13 to $20.16. It has now gained 7 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.548% from a day low at $20.07 to a day high of $20.18. The price has risen in 9 of the last 10 days and is up by 1.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $397.23 thousand.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $19.98 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $20.57 sometime during the next 3 months.
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IYLD Signals & Forecast
The iShares Morningstar Multi-Asset Income 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 $20.02 and $19.76. 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 4.19%. 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). iShares Morningstar Multi-Asset Income has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 30, 2024.
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 Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 30, 2024.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 12 Months
The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 30, 2024.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 Morningstar Multi-Asset Income ETF
iShares Morningstar Multi-Asset Income finds support from accumulated volume at $19.77 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 $0.110 between high and low, or 0.548%. For the last week the ETF has had daily average volatility of 0.419%.
The iShares Morningstar Multi-Asset Income ETF is extremely overbought on RSI14 (80). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken. Since the iShares Morningstar Multi-Asset Income has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $19.12 (-5.15%) (This ETF has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (IYLD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares Morningstar Multi-Asset Income ETF to open at $20.14, and during the day (based on 14 day Average True Range), to move between $20.05 and $20.27, which gives a possible trading interval of +/-$0.108 (+/-0.54%) up or down from last closing price. If iShares Morningstar Multi-Asset Income ETF takes out the full calculated possible swing range there will be an estimated 1.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $19.77, some $0.391 (1.94%) from the current price of $20.16, our system finds the risk reward attractive.
Is iShares Morningstar Multi-Asset Income ETF ETF A Buy?
iShares Morningstar Multi-Asset Income 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 Morningstar Multi-Asset Income ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$20.14 ( 0.119%) | $20.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IYLD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.25 | 0.427 % | |
R2 | 20.20 | 0.218 % | ||
R1 | 20.18 | 0.0894 % | ||
Current price: | 20.16 | |||
Support | S1 | 20.09 | -0.327 % | |
S2 | 20.07 | -0.456 % | ||
S3 | 20.03 | -0.665 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 20.16 | |||
Support | S1 | 19.77 | -1.94% | |
S2 | 19.68 | -2.39% | ||
S3 | 19.46 | -3.48% |
IYLD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2024 | May 02, 2024 | May 08, 2024 | $0.0612 | 0.308% |
2 | Apr 02, 2024 | Apr 02, 2024 | Apr 08, 2024 | $0.0877 | 0.443% |
3 | Mar 01, 2024 | Mar 04, 2024 | Mar 08, 2024 | $0.0709 | 0.357% |
4 | Feb 02, 2024 | Feb 02, 2024 | Feb 08, 2024 | $0.0676 | 0.344% |
5 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.205 | 1.03% |
FAQ
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