iShares MSCI USA Small-Cap Multifactor ETF Forecast
iShares MSCI USA Small-Cap Multifactor ETF price down 0.241% on Friday
(Updated on May 10, 2024)
The iShares MSCI USA Small-Cap Multifactor ETF price fell by -0.241% on the last day (Friday, 10th May 2024) from $62.35 to $62.20. During the last trading day the ETF fluctuated 1.07% from a day low at $61.97 to a day high of $62.63. The price has risen in 7 of the last 10 days and is up by 2.89% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -45 thousand shares and in total, 23 thousand shares were bought and sold for approximately $1.40 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares MSCI USA Small-Cap Multifactor ETF with a 90% probability to be traded between $59.20 and $64.19 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.
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SMLF Signals & Forecast
The iShares MSCI USA Small-Cap Multifactor 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 $61.70 and $61.22. 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 Thursday, May 09, 2024, and so far it has fallen -0.241%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for iShares MSCI USA Small-Cap Multifactor ETF
iShares MSCI USA Small-Cap Multifactor finds support from accumulated volume at $61.46 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.660 between high and low, or 1.07%. For the last week the ETF has had daily average volatility of 0.774%
Our recommended stop-loss: $59.89 (-3.71%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (SMLF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect iShares MSCI USA Small-Cap Multifactor ETF to open at $62.27, and during the day (based on 14 day Average True Range), to move between $61.35 and $63.05, which gives a possible trading interval of +/-$0.85 (+/-1.36%) 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 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $62.30 (0.16%) than the support at $61.46 (1.19%), 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 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 period.
Current score: 3.218 Buy Candidate Unchanged
Predicted Opening Price for iShares MSCI USA Small-Cap Multifactor ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $62.27 ( 0.107%) | $62.20 |
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 | 62.93 | 1.17 % | |
| R2 | 62.67 | 0.763 % | ||
| R1 | 62.52 | 0.513 % | ||
| Current price: | 62.20 | |||
| Support | S1 | 62.01 | -0.298 % | |
| S2 | 61.86 | -0.549 % | ||
| S3 | 61.61 | -0.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.32 | 1.80 % | |
| R2 | 62.37 | 0.273 % | ||
| R1 | 62.30 | 0.161 % | ||
| Current price | 62.20 | |||
| Support | S1 | 61.46 | -1.19% | |
| S2 | 61.41 | -1.27% | ||
| S3 | 58.71 | -5.61% |
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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