iShares China Large-Cap ETF Forecast
Green day on Tuesday for iShares China Large-Cap
(Updated on Jun 25, 2024)
The iShares China Large-Cap ETF price gained 1.03% on the last trading day (Tuesday, 25th Jun 2024), rising from A$39.80 to A$40.21. During the last trading day the ETF fluctuated 0.647% from a day low at A$40.20 to a day high of A$40.46. The price has fallen in 6 of the last 10 days and is down by -0.72% for this period. Volume fell on the last day by -2 thousand shares and in total, 18 thousand shares were bought and sold for approximately A$726.64 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at A$39.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 10.75% during the next 3 months and, with a 90% probability hold a price between A$44.16 and A$50.36 at the end of this 3-month period.
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IZZ.AX Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares China Large-Cap 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 A$40.23 and A$41.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -7.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for iShares China Large-Cap ETF
iShares China Large-Cap finds support from accumulated volume at A$40.10 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved A$0.260 between high and low, or 0.647%. For the last week the ETF has had daily average volatility of 1.40%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IZZ.AX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect iShares China Large-Cap ETF to open at A$40.29, and during the day (based on 14 day Average True Range), to move between A$39.54 and A$40.88, which gives a possible trading interval of +/-A$0.665 (+/-1.65%) up or down from last closing price. If iShares China Large-Cap ETF takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$40.10 (0.27%) than the resistance at A$40.49 (0.70%), 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 China Large-Cap ETF ETF A Buy?
The iShares China Large-Cap ETF holds several negative signals and despite the positive trend, we believe iShares China Large-Cap will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.061 Sell Candidate Unchanged
Predicted Opening Price for iShares China Large-Cap ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| A$40.29 ( 0.199%) | A$40.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IZZ.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.55 | 0.85% |
| R2 | 40.45 | 0.599% |
| R1 | 40.39 | 0.446% |
| Price | 40.21 | |
| S1 | 40.19 | -0.0480% |
| S2 | 40.13 | -0.201% |
| S3 | 40.03 | -0.448% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.18 | 2.41% |
| R2 | 40.65 | 1.09% |
| R1 | 40.49 | 0.696% |
| Price | 40.21 | |
| S1 | 40.10 | -0.274% |
| S2 | 37.42 | -6.94% |
| S3 | 37.23 | -7.41% |
IZZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | A$0.732 | 2.11% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | A$0.418 | 1.01% |
| 3 | Dec 21, 2022 | Dec 21, 2022 | Dec 21, 2022 | A$0.552 | 1.33% |
| 4 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | A$0.186 | 0.379% |
| 5 | Dec 21, 2021 | Dec 21, 2021 | Dec 21, 2021 | A$0.492 | 0.98% |
FAQ
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