iShares Dow Jones US Telecom 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
Red day on Friday for iShares Dow Jones US Telecom ETF after losing 0.477%
(Updated on Jun 14, 2024)
The iShares Dow Jones US Telecom ETF price fell by -0.477% on the last day (Friday, 14th Jun 2024) from $20.98 to $20.88. It has now fallen 8 days in a row. During the last trading day the ETF fluctuated 0.724% from a day low at $20.73 to a day high of $20.88. The price has fallen in 9 of the last 10 days and is down by -3.76% for this period. Volume has increased on the last day by 156 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, 273 thousand shares were bought and sold for approximately $5.69 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Dow Jones US Telecom ETF with a 90% probability to be traded between $20.10 and $21.54 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IYZ Signals & Forecast
There are few to no technical positive signals at the moment. The iShares Dow Jones US Telecom ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $21.18 and $21.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -4.35%. 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 Dow Jones US Telecom ETF
iShares Dow Jones US Telecom finds support from accumulated volume at $20.69 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 $0.150 between high and low, or 0.724%. For the last week the ETF has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IYZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect iShares Dow Jones US Telecom to open at $20.83, and during the day (based on 14 day Average True Range), to move between $20.61 and $21.15, which gives a possible trading interval of +/-$0.272 (+/-1.30%) up or down from last closing price. If iShares Dow Jones US Telecom takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.69 (0.93%) than the resistance at $21.27 (1.87%), 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 Dow Jones US Telecom ETF A Buy?
iShares Dow Jones US Telecom 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.
Current score: -4.703 Sell Candidate Unchanged
Predicted Opening Price for iShares Dow Jones US Telecom of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $20.83 ( 0.239%) | $20.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IYZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.98 | 0.479% |
| R2 | 20.92 | 0.205% |
| R1 | 20.89 | 0.0350% |
| Price | 20.88 | |
| S1 | 20.77 | -0.514% |
| S2 | 20.74 | -0.683% |
| S3 | 20.68 | -0.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.72 | 4.02% |
| R2 | 21.59 | 3.40% |
| R1 | 21.27 | 1.87% |
| Price | 20.88 | |
| S1 | 20.69 | -0.93% |
| S2 | 20.60 | -1.34% |
| S3 | 20.44 | -2.11% |
IYZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.146 | 0.667% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.123 | 0.556% |
| 3 | Sep 25, 2023 | Sep 26, 2023 | Oct 02, 2023 | $0.107 | 0.506% |
| 4 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.124 | 0.565% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.164 | 0.727% |
FAQ
Click here for our free guide on how to buy iShares Dow Jones US Telecom ETF.
