ISHARES MSCI JAPAN SMALL-CAP ETF Forecast
ISHARES MSCI JAPAN SMALL-CAP ETF price up 0.625% on Tuesday
(Updated on Jun 25, 2024)
The ISHARES MSCI JAPAN SMALL-CAP ETF price gained 0.625% on the last trading day (Tuesday, 25th Jun 2024), rising from $70.36 to $70.80. During the last trading day the ETF fluctuated 0.354% from a day low at $70.63 to a day high of $70.88. The price has been going up and down for this period, and there has been a -2.18% 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, 4 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately $950.99 thousand.
The ETF lies in the middle of a narrow and 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 -4.78% during the next 3 months and, with a 90% probability hold a price between $66.27 and $68.65 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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SCJ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.55%. Further rise is indicated until a new top pivot has been found. ISHARES MSCI JAPAN SMALL-CAP has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ISHARES MSCI JAPAN SMALL-CAP 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 $72.02. On a fall, the ETF will find some support from the short-term average at $70.41. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ISHARES MSCI JAPAN SMALL-CAP ETF
ISHARES MSCI JAPAN SMALL-CAP finds support from accumulated volume at $70.59 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 $0.250 between high and low, or 0.354%. For the last week the ETF has had daily average volatility of 0.289%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCJ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ISHARES MSCI JAPAN SMALL-CAP ETF to open at $70.77, and during the day (based on 14 day Average True Range), to move between $70.10 and $71.50, which gives a possible trading interval of +/-$0.696 (+/-0.98%) up or down from last closing price. If ISHARES MSCI JAPAN SMALL-CAP ETF takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $70.59 (0.30%) than the resistance at $71.73 (1.31%), 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 JAPAN SMALL-CAP ETF ETF A Buy?
ISHARES MSCI JAPAN SMALL-CAP 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: -1.369 Sell Candidate Unchanged
Predicted Opening Price for ISHARES MSCI JAPAN SMALL-CAP ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $70.77 ( 0.0424%) | $70.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCJ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.02 | 0.311% |
| R2 | 70.92 | 0.176% |
| R1 | 70.87 | 0.0925% |
| Price | 70.80 | |
| S1 | 70.67 | -0.177% |
| S2 | 70.62 | -0.261% |
| S3 | 70.52 | -0.395% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 73.69 | 4.08% |
| R2 | 73.68 | 4.07% |
| R1 | 71.73 | 1.31% |
| Price | 70.80 | |
| S1 | 70.59 | -0.297% |
| S2 | 70.26 | -0.763% |
| S3 | 70.22 | -0.82% |
SCJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.94 | 1.35% |
| 2 | Dec 06, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.500 | 0.712% |
| 3 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.765 | 1.26% |
| 4 | Dec 15, 2020 | Dec 13, 2021 | Dec 17, 2021 | $0.82 | 1.08% |
| 5 | Dec 15, 2020 | Jun 10, 2021 | Jun 16, 2021 | $0.594 | 0.732% |
FAQ
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