ISHARES GLOBAL REIT ETF Forecast
Weaker technical forecast for ISHARES GLOBAL REIT as ETF downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The ISHARES GLOBAL REIT ETF price fell by -1.25% on the last day (Tuesday, 25th Jun 2024) from $23.28 to $22.99. During the last trading day the ETF fluctuated 1.39% from a day low at $22.94 to a day high of $23.26. The price has fallen in 6 of the last 10 days and is down by -0.26% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -317 thousand shares and in total, 213 thousand shares were bought and sold for approximately $4.89 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ISHARES GLOBAL REIT ETF with a 90% probability to be traded between $22.43 and $24.05 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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REET Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.41%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ISHARES GLOBAL REIT ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.08 and $23.07. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ISHARES GLOBAL REIT ETF
ISHARES GLOBAL REIT finds support from accumulated volume at $22.88 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 $0.320 between high and low, or 1.39%. For the last week the ETF has had daily average volatility of 0.91%.
Our recommended stop-loss: $21.66 (-5.80%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (REET) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ISHARES GLOBAL REIT ETF to open at $23.06, and during the day (based on 14 day Average True Range), to move between $22.72 and $23.26, which gives a possible trading interval of +/-$0.268 (+/-1.17%) up or down from last closing price. If ISHARES GLOBAL REIT ETF takes out the full calculated possible swing range there will be an estimated 2.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.05 (0.26%) than the support at $22.88 (0.48%), 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 GLOBAL REIT ETF ETF A Buy?
ISHARES GLOBAL REIT 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.021 Hold/Accumulate Downgraded
Predicted Opening Price for ISHARES GLOBAL REIT ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $23.06 ( 0.319%) | $22.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REET
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.38 | 1.71% |
| R2 | 23.26 | 1.18% |
| R1 | 23.19 | 0.85% |
| Price | 22.99 | |
| S1 | 22.94 | -0.213% |
| S2 | 22.87 | -0.541% |
| S3 | 22.74 | -1.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.08 | 0.391% |
| R2 | 23.06 | 0.304% |
| R1 | 23.05 | 0.261% |
| Price | 22.99 | |
| S1 | 22.88 | -0.478% |
| S2 | 22.21 | -3.39% |
| S3 | 22.10 | -3.87% |
REET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.133 | 0.566% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.240 | 1.01% |
| 3 | Dec 08, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.268 | 1.29% |
| 4 | Dec 08, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.131 | 0.571% |
| 5 | Dec 08, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.152 | 0.683% |
FAQ
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