BlackRock World ex U.S. Carbon ETF Forecast

Red day on Thursday for BlackRock World ex U.S. Carbon ETF after losing 0.227%
(Updated on Apr 25, 2024)

LCTD Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.98%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BlackRock World ex U.S. Carbon 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 $45.06. On a fall, the ETF will find some support from the short-term average at $44.19. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for BlackRock World ex U.S. Carbon ETF

BlackRock World ex U.S. Carbon finds support from accumulated volume at $44.11 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 $0.540 between high and low, or 1.23%. For the last week the ETF has had daily average volatility of 0.92%

Our recommended stop-loss: $41.99 (-5.59%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (LCTD) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect BlackRock World ex U.S. Carbon Transition Readiness ETF to open at $44.33, and during the day (based on 14 day Average True Range), to move between $44.03 and $44.92, which gives a possible trading interval of +/-$0.449 (+/-1.01%) up or down from last closing price. If BlackRock World ex U.S. Carbon Transition Readiness ETF takes out the full calculated possible swing range there will be an estimated 2.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $44.65 (0.39%) than the support at $44.11 (0.82%), 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 BlackRock World ex U.S. Carbon Transition Readiness ETF ETF A Buy?

BlackRock World ex U.S. Carbon holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.357 Hold/Accumulate Unchanged

Predicted Opening Price for BlackRock World ex U.S. Carbon Transition Readiness ETF of Friday, April 26, 2024

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