iShares MSCI Global Silver Miners ETF Forecast
Red day on Thursday for iShares MSCI Global Silver Miners
(Updated on May 30, 2024)
The iShares MSCI Global Silver Miners ETF price fell by -0.154% on the last day (Thursday, 30th May 2024) from $12.98 to $12.96. During the last trading day the ETF fluctuated 2.09% from a day low at $12.92 to a day high of $13.19. The price has fallen in 6 of the last 10 days but is still up by 3.18% over the past 2 weeks. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 90 thousand shares were bought and sold for approximately $1.17 million.
The ETF lies in the middle of a wide and strong 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 43.10% during the next 3 months and, with a 90% probability hold a price between $17.96 and $19.94 at the end of this 3-month period.
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SLVP Signals & Forecast
The iShares MSCI Global Silver Miners 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 $12.94 and $12.10. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. iShares MSCI Global Silver Miners gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for iShares MSCI Global Silver Miners ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $11.83 and $11.45. 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 MSCI Global Silver Miners finds support just below today's level at $11.83. If this is broken, then the next support from accumulated volume will be at $11.45 and $11.22.
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 $0.270 between high and low, or 2.09%. For the last week, the ETF has had daily average volatility of 2.22%.
Our recommended stop-loss: $12.58 (-2.91%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (SLVP) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect iShares MSCI Global Silver Miners ETF to open at $13.02, and during the day (based on 14 day Average True Range), to move between $12.57 and $13.35, which gives a possible trading interval of +/-$0.385 (+/-2.97%) up or down from last closing price. If iShares MSCI Global Silver Miners ETF takes out the full calculated possible swing range there will be an estimated 5.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.19 (1.77%) than the support at $11.83 (8.72%), 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 Global Silver Miners 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 Global Silver Miners ETF to perform well in the short-term.
Current score: 2.170 Buy Candidate Unchanged
Predicted Opening Price for iShares MSCI Global Silver Miners ETF of Friday, May 31, 2024
Fair opening price May 31, 2024 | Current price |
---|---|
$13.02 ( 0.489%) | $12.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLVP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.29 | 2.57 % | |
R2 | 13.19 | 1.78 % | ||
R1 | 13.13 | 1.28 % | ||
Current price: | 12.96 | |||
Support | S1 | 12.92 | -0.307 % | |
S2 | 12.86 | -0.799 % | ||
S3 | 12.75 | -1.59 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.45 | 3.78 % | |
R2 | 13.32 | 2.78 % | ||
R1 | 13.19 | 1.77 % | ||
Current price | 12.96 | |||
Support | S1 | 11.83 | -8.72% | |
S2 | 11.45 | -11.65% | ||
S3 | 11.22 | -13.43% |
SLVP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.0480 | 0.475% |
2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.0410 | 0.404% |
3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.0100 | 0.0983% |
4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.0570 | 0.528% |
5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.0610 | 0.488% |
FAQ
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