iShares US Real Estate ETF Forecast
iShares US Real Estate ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The iShares US Real Estate ETF price gained 0.312% on the last trading day (Wednesday, 24th Apr 2024), rising from $83.35 to $83.61. It has now gained 5 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 1.44% from a day low at $82.54 to a day high of $83.73. The price has risen in 6 of the last 10 days but is still down by -2.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 96 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $386.29 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.24% during the next 3 months and, with a 90% probability hold a price between $78.75 and $86.35 at the end of this 3-month period.
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IYR Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.43%. 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. The iShares US Real Estate ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $86.98. On a fall, the ETF will find some support from the short-term average at $82.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for iShares US Real Estate ETF
iShares US Real Estate finds support from accumulated volume at $83.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.19 between high and low, or 1.44%. For the last week, the ETF has had daily average volatility of 1.21%.
Our recommended stop-loss: $78.98 (-5.53%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (IYR) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect iShares US Real Estate ETF to open at $83.29, and during the day (based on 14 day Average True Range), to move between $82.28 and $84.94, which gives a possible trading interval of +/-$1.33 (+/-1.59%) up or down from last closing price. If iShares US Real Estate ETF takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $83.42 (0.23%) than the resistance at $85.61 (2.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares US Real Estate ETF ETF A Buy?
iShares US Real Estate 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.229 Hold/Accumulate Upgraded
Predicted Opening Price for iShares US Real Estate ETF of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $83.29 ( 0.379%) | $83.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IYR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.48 | 1.04 % | |
| R2 | 84.03 | 0.501 % | ||
| R1 | 83.75 | 0.165 % | ||
| Current price: | 83.61 | |||
| Support | S1 | 82.84 | -0.92 % | |
| S2 | 82.56 | -1.26 % | ||
| S3 | 82.10 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.56 | 7.12 % | |
| R2 | 87.18 | 4.27 % | ||
| R1 | 85.61 | 2.39 % | ||
| Current price | 83.61 | |||
| Support | S1 | 83.42 | -0.227% | |
| S2 | 82.18 | -1.71% | ||
| S3 | 81.63 | -2.37% |
IYR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.337 | 0.377% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.767 | 0.86% |
| 3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.90 | 1.17% |
| 4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.396 | 0.466% |
| 5 | Nov 25, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.451 | 0.549% |
FAQ
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