iShares Edge MSCI Min Vol USA Small-Cap ETF Forecast

Evaluation of iShares Edge MSCI Min Vol USA Small-Cap ETF downgraded after the last trading session.
(Updated on May 17, 2024)

SMMV Signals & Forecast

The iShares Edge MSCI Min Vol USA 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 $37.56 and $36.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.52%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Tuesday, July 11, 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 Edge MSCI Min Vol USA Small-Cap ETF

iShares Edge MSCI Min Vol USA Small-Cap finds support from accumulated volume at $37.26 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 $0.110 between high and low, or 0.292%. For the last week the ETF has had daily average volatility of 0.542%

Our recommended stop-loss: $35.95 (-4.74%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (SMMV) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect iShares Edge MSCI Min Vol USA Small-Cap ETF to open at $37.71, and during the day (based on 14 day Average True Range), to move between $37.45 and $38.03, which gives a possible trading interval of +/-$0.288 (+/-0.76%) up or down from last closing price. If iShares Edge MSCI Min Vol USA Small-Cap ETF takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $37.26, some $0.480 (1.27%) from the current price of $37.74, our system finds the risk reward attractive.

Is iShares Edge MSCI Min Vol USA Small-Cap 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 Edge MSCI Min Vol USA Small-Cap ETF to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.444 Buy Candidate Downgraded

Predicted Opening Price for iShares Edge MSCI Min Vol USA Small-Cap ETF of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.