FLEXSHARES MORNINGSTAR US MARKET FACTOR ETF Forecast
FLEXSHARES MORNINGSTAR US MARKET FACTOR ETF price up 0.111% on Wednesday
(Updated on Jun 26, 2024)
The FLEXSHARES MORNINGSTAR US MARKET FACTOR ETF price gained 0.111% on the last trading day (Wednesday, 26th Jun 2024), rising from $199.05 to $199.27. During the last trading day the ETF fluctuated 0.231% from a day low at $198.92 to a day high of $199.38. The price has risen in 6 of the last 10 days and is up by 0.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 77 thousand more shares were traded than the day before. In total, 82 thousand shares were bought and sold for approximately $16.30 million.
The ETF lies in the middle of a narrow and 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 4.16% during the next 3 months and, with a 90% probability hold a price between $199.99 and $209.68 at the end of this 3-month period.
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TILT Signals & Forecast
The FLEXSHARES MORNINGSTAR US MARKET FACTOR ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $199.84. On a fall, the ETF will find some support from the long-term average at approximately $197.88. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 18, 2024, and so far it has fallen -0.687%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FLEXSHARES MORNINGSTAR US MARKET FACTOR ETF
FLEXSHARES MORNINGSTAR US MARKET FACTOR finds support from accumulated volume at $198.13 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.459 between high and low, or 0.231%. For the last week the ETF has had daily average volatility of 0.334%.
Our recommended stop-loss: $191.44 (-3.93%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (TILT) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect FLEXSHARES MORNINGSTAR US MARKET FACTOR TILT INDEX FUND to open at $199.19, and during the day (based on 14 day Average True Range), to move between $197.95 and $200.59, which gives a possible trading interval of +/-$1.32 (+/-0.66%) up or down from last closing price. If FLEXSHARES MORNINGSTAR US MARKET FACTOR TILT INDEX FUND takes out the full calculated possible swing range there will be an estimated 1.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $200.17 (0.45%) than the support at $198.13 (0.57%), 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 FLEXSHARES MORNINGSTAR US MARKET FACTOR TILT INDEX FUND 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 FLEXSHARES MORNINGSTAR US MARKET FACTOR ETF to perform well in the short-term.
Current score: 1.892 Buy Candidate Unchanged
Predicted Opening Price for FLEXSHARES MORNINGSTAR US MARKET FACTOR TILT INDEX FUND of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $199.19 ( 0.0407%) | $199.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TILT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 199.65 | 0.189% |
| R2 | 199.47 | 0.102% |
| R1 | 199.37 | 0.0472% |
| Price | 199.27 | |
| S1 | 199.01 | -0.129% |
| S2 | 198.91 | -0.183% |
| S3 | 198.73 | -0.271% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 200.65 | 0.692% |
| R2 | 200.35 | 0.541% |
| R1 | 200.17 | 0.452% |
| Price | 199.27 | |
| S1 | 198.13 | -0.573% |
| S2 | 197.47 | -0.90% |
| S3 | 195.96 | -1.66% |
TILT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 21, 2024 | $0.430 | 0.218% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.99 | 0.548% |
| 3 | Sep 14, 2023 | Sep 15, 2023 | Sep 21, 2023 | $0.571 | 0.349% |
| 4 | Jun 15, 2023 | Jun 16, 2023 | Jun 23, 2023 | $0.665 | 0.407% |
| 5 | Mar 16, 2023 | Mar 17, 2023 | Mar 23, 2023 | $0.402 | 0.268% |
FAQ
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