iShares Core U.S. REIT ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
iShares Core U.S. REIT ETF price down 0.0194% on Friday
(Updated on May 24, 2024)
The iShares Core U.S. REIT ETF price fell by -0.0194% on the last day (Friday, 24th May 2024) from $51.48 to $51.47. It has now fallen 5 days in a row. During the last trading day the ETF fluctuated 0.564% from a day low at $51.46 to a day high of $51.75. The price has fallen in 6 of the last 10 days and is down by -1.1% 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 -84 thousand shares and in total, 108 thousand shares were bought and sold for approximately $5.54 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.65% during the next 3 months and, with a 90% probability hold a price between $46.72 and $51.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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USRT Signals & Forecast
The iShares Core U.S. REIT 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 $52.59. On a fall, the ETF will find some support from the long-term average at approximately $51.41. 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). 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 Wednesday, May 15, 2024, and so far it has fallen -3.56%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Tuesday, September 12, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, September 12, 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 Core U.S. REIT ETF
iShares Core U.S. REIT finds support from accumulated volume at $51.05 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 $0.290 (0.564%) between high and low. For the last week, the ETF has had daily average volatility of 1.13%.
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 Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect iShares Core U.S. REIT ETF to open at $51.56, and during the day (based on 14 day Average True Range), to move between $50.81 and $52.13, which gives a possible trading interval of +/-$0.662 (+/-1.29%) 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 2.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.61 (0.27%) than the support at $51.05 (0.82%), 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 Core U.S. REIT ETF ETF A Buy?
iShares Core U.S. REIT holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.683 Sell Candidate Unchanged
Predicted Opening Price for iShares Core U.S. REIT ETF of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
$51.56 ( 0.175%) | $51.47 |
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 | 51.85 | 0.738 % | |
R2 | 51.74 | 0.523 % | ||
R1 | 51.67 | 0.390 % | ||
Current price: | 51.47 | |||
Support | S1 | 51.45 | -0.0404 % | |
S2 | 51.38 | -0.173 % | ||
S3 | 51.27 | -0.389 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.38 | 3.71 % | |
R2 | 53.23 | 3.42 % | ||
R1 | 51.61 | 0.272 % | ||
Current price | 51.47 | |||
Support | S1 | 51.05 | -0.82% | |
S2 | 50.35 | -2.18% | ||
S3 | 49.98 | -2.89% |
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
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