ISHARES GLOBAL CONSUMER DISCRETIONARY ETF Forecast
Green day on Friday for ISHARES GLOBAL CONSUMER DISCRETIONARY ETF after gaining 0.166%
(Updated on Jun 21, 2024)
The ISHARES GLOBAL CONSUMER DISCRETIONARY ETF price gained 0.166% on the last trading day (Friday, 21st Jun 2024), rising from $159.81 to $160.07. During the last trading day the ETF fluctuated 0.452% from a day low at $159.72 to a day high of $160.44. The price has fallen in 7 of the last 10 days and is down by -1.46% for this period. 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, 11 thousand shares were bought and sold for approximately $1.78 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.58% during the next 3 months and, with a 90% probability hold a price between $149.10 and $158.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RXI Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.16%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ISHARES GLOBAL CONSUMER DISCRETIONARY 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 $161.35. On a fall, the ETF will find some support from the short-term average at $159.96. 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.
Support, Risk & Stop-loss for ISHARES GLOBAL CONSUMER DISCRETIONARY ETF
ISHARES GLOBAL CONSUMER DISCRETIONARY finds support from accumulated volume at $158.93 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 $0.722 between high and low, or 0.452%. For the last week the ETF has had daily average volatility of 0.680%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RXI) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect ISHARES GLOBAL CONSUMER DISCRETIONARY ETF ISHARES GLOBAL CONSUMER DISCRETIONARY ETF to open at $160.07, and during the day (based on 14 day Average True Range), to move between $158.74 and $161.40, which gives a possible trading interval of +/-$1.33 (+/-0.83%) up or down from last closing price. If ISHARES GLOBAL CONSUMER DISCRETIONARY ETF ISHARES GLOBAL CONSUMER DISCRETIONARY ETF takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $160.87 (0.50%) than the support at $158.93 (0.71%), 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 CONSUMER DISCRETIONARY ETF ISHARES GLOBAL CONSUMER DISCRETIONARY ETF ETF A Buy?
ISHARES GLOBAL CONSUMER DISCRETIONARY holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.398 Sell Candidate Unchanged
Predicted Opening Price for ISHARES GLOBAL CONSUMER DISCRETIONARY ETF ISHARES GLOBAL CONSUMER DISCRETIONARY ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $160.07 ( 0.0026%) | $160.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RXI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 160.80 | 0.454% |
| R2 | 160.52 | 0.281% |
| R1 | 160.35 | 0.175% |
| Price | 160.07 | |
| S1 | 159.80 | -0.170% |
| S2 | 159.63 | -0.276% |
| S3 | 159.35 | -0.449% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 165.01 | 3.09% |
| R2 | 161.22 | 0.718% |
| R1 | 160.87 | 0.500% |
| Price | 160.07 | |
| S1 | 158.93 | -0.712% |
| S2 | 158.23 | -1.15% |
| S3 | 156.03 | -2.52% |
RXI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.633 | 0.400% |
| 2 | Dec 06, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.96 | 0.619% |
| 3 | Dec 14, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.631 | 0.494% |
| 4 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.628 | 0.487% |
| 5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.419 | 0.235% |
FAQ
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