iShares Core MSCI Canadian Quality ETF Forecast

iShares Core MSCI Canadian Quality ETF price ended at $26.38 on Tuesday, after losing 0.528%.
(Updated on Apr 30, 2024)

XDIV.TO Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.24%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The iShares Core MSCI Canadian Quality 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 $26.39. On a fall, the ETF will find some support from the long-term average at approximately $26.30. 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. The ETF had a Golden Star Signal on Wednesday, July 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 MSCI Canadian Quality ETF

iShares Core MSCI Canadian Quality finds support from accumulated volume at $26.29 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 $0.170 between high and low, or 0.645%. For the last week the ETF has had daily average volatility of 0.625%.

Our recommended stop-loss: $25.54 (-3.18%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (XDIV.TO) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect iShares Core MSCI Canadian Quality Dividend Index ETF to open at $26.42, and during the day (based on 14 day Average True Range), to move between $26.16 and $26.60, which gives a possible trading interval of +/-$0.216 (+/-0.82%) up or down from last closing price. If iShares Core MSCI Canadian Quality Dividend Index ETF takes out the full calculated possible swing range there will be an estimated 1.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $26.41 (0.11%) than the support at $26.29 (0.34%), 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 MSCI Canadian Quality Dividend Index ETF ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.143 Buy Candidate Unchanged

Predicted Opening Price for iShares Core MSCI Canadian Quality Dividend Index ETF of Wednesday, May 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.