ISHARES J.P. MORGAN EM LOCAL CURRENCY ETF Forecast
ISHARES J.P. MORGAN EM LOCAL CURRENCY ETF price ended at $35.76 on Friday, after gaining 0.252%.
(Updated on Jun 21, 2024)
The ISHARES J.P. MORGAN EM LOCAL CURRENCY ETF price gained 0.252% on the last trading day (Friday, 21st Jun 2024), rising from $35.67 to $35.76. During the last trading day the ETF fluctuated 0.252% from a day low at $35.67 to a day high of $35.76. The price has fallen in 7 of the last 10 days and is down by -0.97% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately $2.06 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ISHARES J.P. MORGAN EM LOCAL CURRENCY ETF with a 90% probability to be traded between $35.28 and $36.66 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.
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LEMB Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.676%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ISHARES J.P. MORGAN EM LOCAL CURRENCY 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 $36.06. On a fall, the ETF will find some support from the short-term average at $35.67. 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).
Support, Risk & Stop-loss for ISHARES J.P. MORGAN EM LOCAL CURRENCY ETF
ISHARES J.P. MORGAN EM LOCAL CURRENCY finds support from accumulated volume at $35.71 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 $0.0900 between high and low, or 0.252%. For the last week the ETF has had daily average volatility of 0.257%.
Our recommended stop-loss: $33.55 (-6.19%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (LEMB) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect ISHARES J.P. MORGAN EM LOCAL CURRENCY BOND ETF to open at $35.73, and during the day (based on 14 day Average True Range), to move between $35.59 and $35.93, which gives a possible trading interval of +/-$0.165 (+/-0.46%) up or down from last closing price. If ISHARES J.P. MORGAN EM LOCAL CURRENCY BOND ETF takes out the full calculated possible swing range there will be an estimated 0.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.78 (0.06%) than the support at $35.71 (0.14%), 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 J.P. MORGAN EM LOCAL CURRENCY BOND ETF ETF A Buy?
ISHARES J.P. MORGAN EM LOCAL CURRENCY 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: -0.584 Hold/Accumulate Unchanged
Predicted Opening Price for ISHARES J.P. MORGAN EM LOCAL CURRENCY BOND ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $35.73 ( 0.0839%) | $35.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEMB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.82 | 0.168% |
| R2 | 35.79 | 0.0716% |
| R1 | 35.76 | 0.0122% |
| Price | 35.76 | |
| S1 | 35.70 | -0.180% |
| S2 | 35.67 | -0.239% |
| S3 | 35.64 | -0.336% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.05 | 0.81% |
| R2 | 36.03 | 0.755% |
| R1 | 35.78 | 0.0559% |
| Price | 35.76 | |
| S1 | 35.71 | -0.140% |
| S2 | 35.59 | -0.475% |
| S3 | 35.52 | -0.671% |
LEMB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.492 | 1.35% |
| 2 | Dec 14, 2021 | Dec 15, 2022 | Dec 21, 2022 | $0.300 | 0.86% |
| 3 | Dec 15, 2020 | Dec 16, 2021 | Dec 22, 2021 | $1.53 | 3.88% |
| 4 | Dec 29, 2018 | Dec 19, 2019 | Dec 26, 2019 | $1.93 | 4.41% |
| 5 | Dec 18, 2018 | Dec 18, 2018 | Dec 18, 2018 | $1.49 | 3.50% |
FAQ
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