iShares Residential and Multisector Real ETF Forecast
iShares Residential and Multisector Real ETF price ended at $75.46 on Friday, after gaining 0.341%.
(Updated on May 17, 2024)
The iShares Residential and Multisector Real ETF price gained 0.341% on the last trading day (Friday, 17th May 2024), rising from $75.20 to $75.46. During the last trading day the ETF fluctuated 0.582% from a day low at $75.08 to a day high of $75.52. The price has risen in 8 of the last 10 days and is up by 4.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately $2.21 million.
The ETF has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $74.58, a level that may pose a second chance to hit a runner. According to fan-theory $79.94 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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REZ Signals & Forecast
The iShares Residential and Multisector Real 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 $74.55 and $71.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.87%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 26, 2023.
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 Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 26, 2023.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 12 Months
The ETF had a Golden Star Signal on Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 26, 2023.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 Residential and Multisector Real ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $70.34 and $69.61. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, iShares Residential and Multisector Real finds support just below today's level at $70.34. If this is broken, then the next support from accumulated volume will be at $69.61 and $68.51.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.437 between high and low, or 0.582%. For the last week, the ETF has had daily average volatility of 0.645%.
The iShares Residential and Multisector Real ETF is extremely overbought on RSI14 (80). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $71.88 (-4.75%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (REZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect iShares Residential and Multisector Real Estate ETF to open at $75.35, and during the day (based on 14 day Average True Range), to move between $74.61 and $76.31, which gives a possible trading interval of +/-$0.85 (+/-1.13%) up or down from last closing price. If iShares Residential and Multisector Real Estate ETF takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $70.34, some $5.12 (6.79%) from the current price of $75.46, our system finds the risk reward attractive.
Is iShares Residential and Multisector Real Estate ETF ETF A Buy?
iShares Residential and Multisector Real 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for iShares Residential and Multisector Real Estate ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $75.35 ( 0.143%) | $75.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.79 | 0.437 % | |
| R2 | 75.62 | 0.215 % | ||
| R1 | 75.52 | 0.0786 % | ||
| Current price: | 75.46 | |||
| Support | S1 | 75.19 | -0.364 % | |
| S2 | 75.08 | -0.501 % | ||
| S3 | 74.92 | -0.722 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 75.46 | |||
| Support | S1 | 70.34 | -6.79% | |
| S2 | 69.61 | -7.75% | ||
| S3 | 68.51 | -9.21% |
REZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.306 | 0.429% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.728 | 1.02% |
| 3 | Dec 08, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.682 | 1.05% |
| 4 | Dec 08, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.386 | 0.529% |
| 5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.366 | 0.536% |
FAQ
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