RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IYT
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Wednesday for iShares Transportation Average
(Updated on Mar 27, 2024)

Sell candidate since Mar 07, 2024 Loss -0.79% PDF

The iShares Transportation Average ETF price gained 1.23% on the last trading day (Wednesday, 27th Mar 2024), rising from $69.19 to $70.04. During the last trading day the ETF fluctuated 1.24% from a day low at $69.22 to a day high of $70.08. The price has fallen in 6 of the last 10 days but is still up by 0.16% 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, 137 thousand more shares were traded than the day before. In total, 522 thousand shares were bought and sold for approximately $36.59 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 $45.56 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -46.01% during the next 3 months and, with a 90% probability hold a price between $24.60 and $125.26 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

IYT Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 2.62%. 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). 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 Transportation Average 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 $188.42. On a fall, the ETF will find some support from the short-term average at $69.83. 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.

Support, Risk & Stop-loss for iShares Transportation Average ETF

iShares Transportation Average finds support from accumulated volume at $69.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $0.86 between high and low, or 1.24%. For the last week, the ETF has had daily average volatility of 1.16%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IYT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect iShares Transportation Average ETF to open at $69.78, and during the day (based on 14 day Average True Range), to move between $63.01 and $77.07, which gives a possible trading interval of +/-$7.03 (+/-10.04%) up or down from last closing price. If iShares Transportation Average ETF takes out the full calculated possible swing range there will be an estimated 20.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $69.99 (0.07%) than the resistance at $70.14 (0.14%), 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 Transportation Average ETF ETF A Buy?

iShares Transportation Average holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -2.943 Sell Candidate Unchanged

Predicted Opening Price for iShares Transportation Average ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$69.78 ( 0.371%) $70.04

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for IYT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 70.64 0.86 %
R2 70.31 0.388 %
R1 70.11 0.0978 %
Current price: 70.04
Support S1 69.45 -0.84 %
S2 69.25 -1.13 %
S3 68.92 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 70.60 0.80 %
R2 70.51 0.671 %
R1 70.14 0.143 %
Current price 70.04
Support S1 69.99 -0.0714%
S2 69.14 -1.28%
S3 68.55 -2.13%

IYT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 27, 2024 $0.186 0.266%
2 Dec 20, 2023 Dec 20, 2023 Dec 20, 2023 $0.85 1.31%
3 Sep 25, 2023 Sep 26, 2023 Oct 02, 2023 $0.97 1.67%
4 Jun 06, 2023 Jun 07, 2023 Jun 13, 2023 $0.685 1.16%
5 Mar 22, 2023 Mar 23, 2023 Mar 29, 2023 $0.80 1.44%

FAQ

What is the symbol for iShares Transportation Average ETF ETF and on which exchange is it traded?
The symbol for iShares Transportation Average ETF is IYT and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell iShares Transportation Average ETF ETF?
iShares Transportation Average holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

How to buy iShares Transportation Average ETF ETF?
iShares Transportation Average ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy iShares Transportation Average ETF ETF.

What's the current price of iShares Transportation Average ETF ETF?
As of the end of day on the 2024-03-27, the price of an iShares Transportation Average ETF (IYT) share was $70.04.

What is the 52-week high and low for iShares Transportation Average ETF ETF?
The 52-week high for iShares Transportation Average ETF ETF is $284.20 and the 52-week low is $67.93.

What is the market capitalization of iShares Transportation Average ETF ETF?
As of the 2024-03-27, the market capitalization of iShares Transportation Average ETF is 196.112M.
Click to get the best stock tips daily for free!

About iShares Transportation Average ETF

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index measures the performance of companies within the transportation sector of the U.S. equity market as determined by S&P Dow Jones Indices LLC. The fund is non-diversified.... IYT Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT