iShares MSCI India Small-Cap ETF Forecast
iShares MSCI India Small-Cap ETF upgraded to Hold/Accumulate.
(Updated on Apr 22, 2024)
The iShares MSCI India Small-Cap ETF price gained 1.50% on the last trading day (Monday, 22nd Apr 2024), rising from $72.79 to $73.88. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.777% from a day low at $73.37 to a day high of $73.94. The price has risen in 5 of the last 10 days but is still down by -0.31% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 76 thousand more shares were traded than the day before. In total, 134 thousand shares were bought and sold for approximately $9.93 million.
The ETFis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $73.97 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect iShares MSCI India Small-Cap ETF with a 90% probability to be traded between $65.45 and $73.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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SMIN Signals & Forecast
The iShares MSCI India Small-Cap 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 $72.68 and $71.22. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -0.310%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for iShares MSCI India Small-Cap ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $69.68 and $68.53. 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 India Small-Cap finds support just below today's level at $69.68. If this is broken, then the next support from accumulated volume will be at $68.53 and $66.69.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.570 (0.777%) between high and low. For the last week, the ETF has had daily average volatility of 0.768%.
Our recommended stop-loss: $71.08 (-3.79%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (SMIN) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect iShares MSCI India Small-Cap ETF to open at $73.73, and during the day (based on 14 day Average True Range), to move between $73.09 and $74.67, which gives a possible trading interval of +/-$0.791 (+/-1.07%) up or down from last closing price. If iShares MSCI India Small-Cap ETF takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $73.89 (0.01%) than the support at $69.68 (5.68%), 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 India Small-Cap ETF ETF A Buy?
iShares MSCI India Small-Cap 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.374 Hold/Accumulate Upgraded
Predicted Opening Price for iShares MSCI India Small-Cap ETF of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $73.73 ( 0.203%) | $73.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.30 | 0.568 % | |
| R2 | 74.08 | 0.274 % | ||
| R1 | 73.95 | 0.0917 % | ||
| Current price: | 73.88 | |||
| Support | S1 | 73.51 | -0.498 % | |
| S2 | 73.38 | -0.680 % | ||
| S3 | 73.16 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.47 | 0.799 % | |
| R2 | 74.11 | 0.311 % | ||
| R1 | 73.89 | 0.0135 % | ||
| Current price | 73.88 | |||
| Support | S1 | 69.68 | -5.68% | |
| S2 | 68.53 | -7.24% | ||
| S3 | 66.69 | -9.73% |
SMIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.244 | 0.364% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.0430 | 0.0759% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.0040 | 0.0075% |
| 4 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.768 | 1.33% |
| 5 | Dec 11, 2020 | Dec 14, 2020 | Dec 18, 2020 | $0.0500 | 0.121% |
FAQ
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