iShares MSCI Global Metals & Mining ETF Forecast
iShares MSCI Global Metals & Mining ETF price up 0.637% on Thursday
(Updated on Apr 25, 2024)
The iShares MSCI Global Metals & Mining ETF price gained 0.637% on the last trading day (Thursday, 25th Apr 2024), rising from $42.38 to $42.65. During the last trading day the ETF fluctuated 2.20% from a day low at $41.78 to a day high of $42.70. The price has been going up and down for this period, and there has been a -1.86% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 146 thousand more shares were traded than the day before. In total, 275 thousand shares were bought and sold for approximately $11.72 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 9.28% during the next 3 months and, with a 90% probability hold a price between $45.27 and $48.99 at the end of this 3-month period.
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PICK Signals & Forecast
The iShares MSCI Global Metals & Mining ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $42.61 and $41.87. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.27%. 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). The ETF had a Golden Star Signal on Monday, March 04, 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 Monday, March 04, 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 MSCI Global Metals & Mining ETF
iShares MSCI Global Metals & Mining finds support from accumulated volume at $42.49 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 $0.92 between high and low, or 2.20%. For the last week the ETF has had daily average volatility of 1.40%.
Our recommended stop-loss: $40.72 (-4.52%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (PICK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iShares MSCI Global Metals & Mining Producers ETF to open at $42.38, and during the day (based on 14 day Average True Range), to move between $41.93 and $43.37, which gives a possible trading interval of +/-$0.723 (+/-1.69%) up or down from last closing price. If iShares MSCI Global Metals & Mining Producers ETF takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.75 (0.23%) than the support at $42.49 (0.39%), 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 MSCI Global Metals & Mining Producers ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares MSCI Global Metals & Mining ETF to perform well in the short-term.
Current score: 2.658 Buy Candidate Unchanged
Predicted Opening Price for iShares MSCI Global Metals & Mining Producers ETF of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$42.38 ( 0.641%) | $42.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PICK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.30 | 1.52 % | |
R2 | 42.95 | 0.692 % | ||
R1 | 42.73 | 0.183 % | ||
Current price: | 42.65 | |||
Support | S1 | 42.03 | -1.46 % | |
S2 | 41.81 | -1.97 % | ||
S3 | 41.46 | -2.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44.09 | 3.38 % | |
R2 | 42.80 | 0.352 % | ||
R1 | 42.75 | 0.234 % | ||
Current price | 42.65 | |||
Support | S1 | 42.49 | -0.387% | |
S2 | 42.46 | -0.445% | ||
S3 | 41.45 | -2.81% |
PICK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $1.02 | 2.45% |
2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.785 | 1.91% |
3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $1.07 | 2.65% |
4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $1.78 | 4.41% |
5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.0580 | 0.135% |
FAQ
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