ISHARES MSCI QATAR CAPPED ISHARES MSCI ETF Forecast

ISHARES MSCI QATAR CAPPED ISHARES MSCI ETF upgraded to Buy Candidate.
(Updated on Apr 17, 2024)

QAT Signals & Forecast

There are mixed signals in the ETF today. The ISHARES MSCI QATAR CAPPED ISHARES MSCI 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 $17.48 and $17.77. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.578%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, March 19, 2024 with a target of $17.66. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.

Support, Risk & Stop-loss for ISHARES MSCI QATAR CAPPED ISHARES MSCI ETF

ISHARES MSCI QATAR CAPPED ISHARES MSCI finds support from accumulated volume at $17.39 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 $0.0500 between high and low, or 0.288%. For the last week the ETF has had daily average volatility of 0.96%

Our recommended stop-loss: $16.38 (-5.90%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (QAT) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect ISHARES MSCI QATAR CAPPED ETF ISHARES MSCI QATAR CAPPED ETF to open at $17.39, and during the day (based on 14 day Average True Range), to move between $17.22 and $17.60, which gives a possible trading interval of +/-$0.186 (+/-1.07%) up or down from last closing price. If ISHARES MSCI QATAR CAPPED ETF ISHARES MSCI QATAR CAPPED ETF takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.39 (0.11%) than the resistance at $17.54 (0.75%), 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 MSCI QATAR CAPPED ETF ISHARES MSCI QATAR CAPPED ETF ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ISHARES MSCI QATAR CAPPED ISHARES MSCI ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.476 Buy Candidate Upgraded

Predicted Opening Price for ISHARES MSCI QATAR CAPPED ETF ISHARES MSCI QATAR CAPPED ETF of Thursday, April 18, 2024

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