iShares MSCI USA Small-Cap Multifactor ETF Forecast
iShares MSCI USA Small-Cap Multifactor ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The iShares MSCI USA Small-Cap Multifactor ETF price gained 0.432% on the last trading day (Friday, 26th Apr 2024), rising from $60.19 to $60.45. During the last trading day the ETF fluctuated 1.05% from a day low at $60.05 to a day high of $60.68. The price has been going up and down for this period, and there has been a 0.02% gain 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, 21 thousand more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately $3.17 million.
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 3.68% during the next 3 months and, with a 90% probability hold a price between $61.10 and $66.68 at the end of this 3-month period.
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SMLF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.96%. Further rise is indicated until a new top pivot has been found. 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 MSCI USA Small-Cap Multifactor 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 $61.37. On a fall, the ETF will find some support from the short-term average at $59.83. 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 USA Small-Cap Multifactor ETF
iShares MSCI USA Small-Cap Multifactor finds support from accumulated volume at $59.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.630 (1.05%) between high and low. For the last week, the ETF has had daily average volatility of 1.39%.
Our recommended stop-loss: $57.14 (-5.47%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (SMLF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect iShares MSCI USA Small-Cap Multifactor ETF to open at $60.39, and during the day (based on 14 day Average True Range), to move between $59.57 and $61.33, which gives a possible trading interval of +/-$0.88 (+/-1.45%) up or down from last closing price. If iShares MSCI USA Small-Cap Multifactor ETF takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.41 (1.59%) than the support at $59.47 (1.62%), 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 USA Small-Cap Multifactor 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 USA Small-Cap Multifactor ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.107 Buy Candidate Upgraded
Predicted Opening Price for iShares MSCI USA Small-Cap Multifactor ETF of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$60.39 ( 0.0937%) | $60.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMLF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 61.02 | 0.95 % | |
R2 | 60.78 | 0.550 % | ||
R1 | 60.63 | 0.304 % | ||
Current price: | 60.45 | |||
Support | S1 | 60.15 | -0.492 % | |
S2 | 60.00 | -0.738 % | ||
S3 | 59.76 | -1.14 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.32 | 4.75 % | |
R2 | 61.46 | 1.67 % | ||
R1 | 61.41 | 1.59 % | ||
Current price | 60.45 | |||
Support | S1 | 59.47 | -1.62% | |
S2 | 58.71 | -2.88% | ||
S3 | 57.89 | -4.23% |
SMLF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.169 | 0.267% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.0240 | 0.0417% |
3 | Dec 08, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.233 | 0.456% |
4 | Dec 08, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.237 | 0.446% |
5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.171 | 0.341% |
FAQ
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