ishares Trust - ishares MSCI Kuwait ETF Forecast
Red day on Friday for ishares Trust - ishares MSCI Kuwait ETF after losing 0.181%
(Updated on May 31, 2024)
The ishares Trust - ishares MSCI Kuwait ETF price fell by -0.181% on the last day (Friday, 31st May 2024) from $33.09 to $33.03. During the last trading day the ETF fluctuated 0.152% from a day low at $32.98 to a day high of $33.03. The price has fallen in 6 of the last 10 days and is down by -1.51% for this period. Volume has increased on the last day by 219 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, 219 thousand shares were bought and sold for approximately $7.23 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 Trust - ishares MSCI Kuwait ETF with a 90% probability to be traded between $30.63 and $32.97 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KWT Signals & Forecast
The ishares Trust - ishares MSCI Kuwait ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $33.20. On a fall, the ETF will find some support from the long-term average at approximately $32.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.99%. 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. The ETF had a Golden Star Signal on Friday, May 10, 2024 in the short-term chart.
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 Friday, May 10, 2024 in the short-term chart.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 Trust - ishares MSCI Kuwait ETF
ishares Trust - ishares MSCI Kuwait finds support from accumulated volume at $32.80 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 $0.0500 between high and low, or 0.152%. For the last week the ETF has had daily average volatility of 0.263%.
Our recommended stop-loss: $31.90 (-3.42%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (KWT) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect ishares Trust - ishares MSCI Kuwait ETF to open at $33.01, and during the day (based on 14 day Average True Range), to move between $32.79 and $33.27, which gives a possible trading interval of +/-$0.241 (+/-0.73%) up or down from last closing price. If ishares Trust - ishares MSCI Kuwait ETF takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.06 (0.10%) than the support at $32.80 (0.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ishares Trust - ishares MSCI Kuwait ETF ETF A Buy?
ishares Trust - ishares MSCI Kuwait holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Trust - ishares MSCI Kuwait ETF of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
$33.01 ( 0.0505%) | $33.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KWT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.06 | 0.101 % | |
R2 | 33.04 | 0.0431 % | ||
R1 | 33.03 | 0.0074 % | ||
Current price: | 33.03 | |||
Support | S1 | 32.99 | -0.108 % | |
S2 | 32.98 | -0.144 % | ||
S3 | 32.96 | -0.202 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.36 | 1.00 % | |
R2 | 33.09 | 0.182 % | ||
R1 | 33.06 | 0.0990 % | ||
Current price | 33.03 | |||
Support | S1 | 32.80 | -0.696% | |
S2 | 32.78 | -0.757% | ||
S3 | 32.67 | -1.09% |
KWT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.0110 | 0.0359% |
2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.683 | 2.17% |
3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.734 | 2.24% |
4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.749 | 2.13% |
5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $2.04 | 6.27% |
FAQ
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