iShares MSCI EAFE Small-Cap ETF Forecast
Green day on Friday for iShares MSCI EAFE Small-Cap
(Updated on May 03, 2024)
The iShares MSCI EAFE Small-Cap ETF price gained 0.97% on the last trading day (Friday, 3rd May 2024), rising from $62.17 to $62.77. During the last trading day the ETF fluctuated 0.85% from a day low at $62.46 to a day high of $62.99. The price has risen in 6 of the last 10 days and is up by 3.82% over the past 2 weeks. Volume fell on the last day by -490 thousand shares and in total, 489 thousand shares were bought and sold for approximately $30.70 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.38% during the next 3 months and, with a 90% probability hold a price between $62.15 and $65.73 at the end of this 3-month period.
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SCZ Signals & Forecast
Mostly positive signals in the chart today. The iShares MSCI EAFE Small-Cap ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $61.64 and $62.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.82%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Monday, June 12, 2023 in the long-term chart.
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 Monday, June 12, 2023 in the long-term chart.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 MSCI EAFE Small-Cap ETF
iShares MSCI EAFE Small-Cap finds support from accumulated volume at $62.48 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 $0.530 between high and low, or 0.85%. For the last week the ETF has had daily average volatility of 1.06%.
Our recommended stop-loss: $59.92 (-4.54%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (SCZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect iShares MSCI EAFE Small-Cap ETF to open at $62.74, and during the day (based on 14 day Average True Range), to move between $62.03 and $63.51, which gives a possible trading interval of +/-$0.743 (+/-1.18%) up or down from last closing price. If iShares MSCI EAFE Small-Cap ETF takes out the full calculated possible swing range there will be an estimated 2.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $62.82 (0.08%) than the support at $62.48 (0.46%), 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 MSCI EAFE Small-Cap ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares MSCI EAFE Small-Cap ETF to perform well in the short-term.
Current score: 2.009 Buy Candidate Unchanged
Predicted Opening Price for iShares MSCI EAFE Small-Cap ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $62.74 ( 0.0478%) | $62.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.27 | 0.797 % | |
| R2 | 63.07 | 0.474 % | ||
| R1 | 62.94 | 0.275 % | ||
| Current price: | 62.77 | |||
| Support | S1 | 62.54 | -0.370 % | |
| S2 | 62.41 | -0.570 % | ||
| S3 | 62.21 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.58 | 1.29 % | |
| R2 | 63.04 | 0.430 % | ||
| R1 | 62.82 | 0.0797 % | ||
| Current price | 62.77 | |||
| Support | S1 | 62.48 | -0.462% | |
| S2 | 62.44 | -0.526% | ||
| S3 | 61.25 | -2.42% |
SCZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.83 | 1.34% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $1.00 | 1.66% |
| 3 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $1.13 | 2.02% |
| 4 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.0640 | 0.0878% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $1.39 | 1.97% |
FAQ
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