ishares Trust - ishares MSCI Kuwait 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
Stronger technical forecast for ishares Trust - ishares MSCI Kuwait ETF price after Thursday trading.
(Updated on Jun 13, 2024)
The ishares Trust - ishares MSCI Kuwait ETF price gained 0.0317% on the last trading day (Thursday, 13th Jun 2024), rising from $31.55 to $31.56. During the last trading day the ETF fluctuated 2.00% from a day low at $30.94 to a day high of $31.56. The price has fallen in 5 of the last 10 days and is down by -4.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 637 more shares were traded than the day before. In total, 637 shares were bought and sold for approximately $20.10 thousand.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $31.08 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.01% during the next 3 months and, with a 90% probability hold a price between $30.46 and $32.81 at the end of this 3-month period.
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KWT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.0317%. Further rise is indicated until a new top pivot has been found. ishares Trust - ishares MSCI Kuwait has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ishares Trust - ishares MSCI Kuwait 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 $32.44 and $32.97. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 12.48% to $35.50 within 39 trading days since signal was issued (Friday, June 14, 2024).
Support, Risk & Stop-loss for ishares Trust - ishares MSCI Kuwait ETF
ishares Trust - ishares MSCI Kuwait finds support from accumulated volume at $31.55 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 $0.620 between high and low, or 2.00%. For the last week the ETF has had daily average volatility of 0.84%.
Our recommended stop-loss: $29.52 (-6.46%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (KWT) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect ishares Trust - ishares MSCI Kuwait ETF to open at $31.35, and during the day (based on 14 day Average True Range), to move between $31.21 and $31.91, which gives a possible trading interval of +/-$0.354 (+/-1.12%) 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 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.55 (0.03%) than the resistance at $33.03 (4.66%), 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 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| $31.35 ( 0.655%) | $31.56 |
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 | |
|---|---|---|
| R3 | 31.97 | 1.31% |
| R2 | 31.74 | 0.559% |
| R1 | 31.59 | 0.0956% |
| Price | 31.56 | |
| S1 | 31.12 | -1.41% |
| S2 | 30.97 | -1.87% |
| S3 | 30.73 | -2.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.36 | 5.70% |
| R2 | 33.09 | 4.85% |
| R1 | 33.03 | 4.66% |
| Price | 31.56 | |
| S1 | 31.55 | -0.0317% |
| S2 | 31.53 | -0.0951% |
| S3 | 0 | - |
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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