iShares Edge MSCI World Minimum ETF Forecast
iShares Edge MSCI World Minimum ETF price ended at A$38.67 on Thursday, after losing 0.206%.
(Updated on Jun 27, 2024)
The iShares Edge MSCI World Minimum ETF price fell by -0.206% on the last day (Thursday, 27th Jun 2024) from A$38.75 to A$38.67. During the last trading day the ETF fluctuated 0.440% from a day low at A$38.65 to a day high of A$38.82. The price has risen in 6 of the last 10 days. Volume has increased on the last day by 44 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 54 thousand shares were bought and sold for approximately A$2.07 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect iShares Edge MSCI World Minimum ETF with a 90% probability to be traded between A$38.24 and A$39.27 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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WVOL.AX Signals & Forecast
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. The iShares Edge MSCI World Minimum 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 A$38.77 and A$38.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -1.07%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Wednesday, June 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, December 01, 2023.
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
The ETF had a Golden Star Signal on Wednesday, June 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, December 01, 2023.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 Wednesday, June 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, December 01, 2023.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.
A buy signal from a double bottom formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should go up by 1.63% to A$39.30 within 19 trading days since signal was issued (Thursday, June 27, 2024).
Support, Risk & Stop-loss for iShares Edge MSCI World Minimum ETF
iShares Edge MSCI World Minimum finds support from accumulated volume at A$38.60 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 A$0.170 between high and low, or 0.440%. For the last week the ETF has had daily average volatility of 0.397%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WVOL.AX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect iShares Edge MSCI World Minimum Volatility ETF to open at A$38.71, and during the day (based on 14 day Average True Range), to move between A$38.47 and A$38.87, which gives a possible trading interval of +/-A$0.196 (+/-0.51%) up or down from last closing price. If iShares Edge MSCI World Minimum Volatility ETF takes out the full calculated possible swing range there will be an estimated 1.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$38.60 (0.18%) than the resistance at A$38.85 (0.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares Edge MSCI World Minimum Volatility ETF ETF A Buy?
iShares Edge MSCI World Minimum 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: -2.950 Sell Candidate Unchanged
Predicted Opening Price for iShares Edge MSCI World Minimum Volatility ETF of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| A$38.71 ( 0.112%) | A$38.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WVOL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.88 | 0.552% |
| R2 | 38.82 | 0.384% |
| R1 | 38.78 | 0.280% |
| Price | 38.67 | |
| S1 | 38.65 | -0.0559% |
| S2 | 38.61 | -0.160% |
| S3 | 38.54 | -0.328% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.35 | 1.76% |
| R2 | 39.17 | 1.29% |
| R1 | 38.85 | 0.465% |
| Price | 38.67 | |
| S1 | 38.60 | -0.181% |
| S2 | 38.58 | -0.233% |
| S3 | 38.55 | -0.310% |
WVOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 08, 2024 | Jan 08, 2024 | Jan 18, 2024 | A$0.375 | 1.01% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | A$0.493 | 1.37% |
| 3 | Jan 06, 2023 | Jan 06, 2023 | Jan 06, 2023 | A$0.303 | 0.87% |
| 4 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | A$0.644 | 1.92% |
| 5 | Jan 06, 2022 | Jan 06, 2022 | Jan 06, 2022 | A$0.277 | 0.749% |
FAQ
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