iShares Core Balanced Portfolio ETF Forecast
Evaluation of iShares Core Balanced Portfolio ETF downgraded after the last trading session.
(Updated on Apr 25, 2024)
The iShares Core Balanced Portfolio ETF price fell by -0.655% on the last day (Thursday, 25th Apr 2024) from $27.49 to $27.31. During the last trading day the ETF fluctuated 0.551% from a day low at $27.22 to a day high of $27.37. The price has fallen in 7 of the last 10 days and is down by -1.8% for this period. Volume has increased on the last day by 32 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, 56 thousand shares were bought and sold for approximately $1.52 million.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.30 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.87% during the next 3 months and, with a 90% probability hold a price between $28.08 and $29.14 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XBAL.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.220%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Core Balanced Portfolio 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 $27.37 and $27.72. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for iShares Core Balanced Portfolio ETF
iShares Core Balanced Portfolio finds support from accumulated volume at $27.00 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 $0.150 between high and low, or 0.551%. For the last week the ETF has had daily average volatility of 0.513%.
Our recommended stop-loss: $25.85 (-5.35%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (XBAL.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iShares Core Balanced ETF Portfolio to open at $27.30, and during the day (based on 14 day Average True Range), to move between $27.16 and $27.46, which gives a possible trading interval of +/-$0.153 (+/-0.56%) up or down from last closing price. If iShares Core Balanced ETF Portfolio takes out the full calculated possible swing range there will be an estimated 1.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.38 (0.26%) than the support at $27.00 (1.14%), 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 Balanced ETF Portfolio ETF A Buy?
iShares Core Balanced Portfolio holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.262 Hold/Accumulate Downgraded
Predicted Opening Price for iShares Core Balanced ETF Portfolio of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $27.30 ( 0.0366%) | $27.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XBAL.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.45 | 0.513 % | |
| R2 | 27.39 | 0.303 % | ||
| R1 | 27.36 | 0.173 % | ||
| Current price: | 27.31 | |||
| Support | S1 | 27.24 | -0.246 % | |
| S2 | 27.21 | -0.376 % | ||
| S3 | 27.15 | -0.586 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.70 | 1.43 % | |
| R2 | 27.49 | 0.659 % | ||
| R1 | 27.38 | 0.256 % | ||
| Current price | 27.31 | |||
| Support | S1 | 27.00 | -1.14% | |
| S2 | 26.92 | -1.43% | ||
| S3 | 26.84 | -1.72% |
XBAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | $0.132 | 0.471% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.235 | 0.88% |
| 3 | Sep 25, 2023 | Sep 25, 2023 | Sep 25, 2023 | $0.129 | 0.516% |
| 4 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | $0.191 | 0.761% |
| 5 | Mar 22, 2023 | Mar 22, 2023 | Mar 22, 2023 | $0.0950 | 0.378% |
FAQ
Click here for our free guide on how to buy iShares Core Balanced ETF Portfolio ETF.
