iShares Core U.S. REIT ETF Forecast
iShares Core U.S. REIT ETF price down 0.80% on Wednesday
(Updated on Apr 17, 2024)
The iShares Core U.S. REIT ETF price fell by -0.80% on the last day (Wednesday, 17th Apr 2024) from $49.75 to $49.35. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 1.05% from a day low at $49.30 to a day high of $49.82. The price has fallen in 6 of the last 10 days and is down by -5.48% for this period. 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 -148 thousand shares and in total, 209 thousand shares were bought and sold for approximately $10.29 million.
The ETF has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $51.83 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
USRT Signals & Forecast
There are few to no technical positive signals at the moment. The iShares Core U.S. REIT ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $51.11 and $52.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -8.10%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for iShares Core U.S. REIT ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.518 (1.05%) between high and low. For the last week, the ETF has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (USRT) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect iShares Core U.S. REIT ETF to open at $49.49, and during the day (based on 14 day Average True Range), to move between $48.48 and $50.22, which gives a possible trading interval of +/-$0.87 (+/-1.77%) up or down from last closing price. If iShares Core U.S. REIT ETF takes out the full calculated possible swing range there will be an estimated 3.54% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $51.95, some $2.60 (5.27%) from the current price of $49.35, our system finds the risk reward not very attractive.
Is iShares Core U.S. REIT ETF ETF A Buy?
iShares Core U.S. REIT holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -5.131 Strong Sell Candidate Unchanged
Predicted Opening Price for iShares Core U.S. REIT ETF of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$49.49 ( 0.285%) | $49.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USRT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 50.01 | 1.33 % | |
R2 | 49.81 | 0.93 % | ||
R1 | 49.69 | 0.686 % | ||
Current price: | 49.35 | |||
Support | S1 | 49.29 | -0.115 % | |
S2 | 49.17 | -0.363 % | ||
S3 | 48.97 | -0.764 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.87 | 7.13 % | |
R2 | 52.20 | 5.78 % | ||
R1 | 51.95 | 5.27 % | ||
Current price | 49.35 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
USRT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.273 | 0.511% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.555 | 1.04% |
3 | Dec 08, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.593 | 1.28% |
4 | Dec 08, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.277 | 0.545% |
5 | Dec 08, 2022 | Mar 23, 2023 | Mar 29, 2023 | $0.302 | 0.621% |
FAQ
Click here for our free guide on how to buy iShares Core U.S. REIT ETF ETF.