iShares Core MSCI Emerging Markets IMI ETF Forecast
iShares Core MSCI Emerging Markets IMI ETF downgraded to Buy Candidate
(Updated on Jun 20, 2024)
The iShares Core MSCI Emerging Markets IMI ETF price fell by -0.798% on the last day (Thursday, 20th Jun 2024) from $28.83 to $28.60. During the last trading day the ETF fluctuated 1.05% from a day low at $28.49 to a day high of $28.79. The price has been going up and down for this period, and there has been a 1.38% gain for the last 2 weeks. Volume has increased on the last day by 42 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, 80 thousand shares were bought and sold for approximately $2.30 million.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.84% during the next 3 months and, with a 90% probability hold a price between $29.73 and $30.83 at the end of this 3-month period.
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XEC.TO Signals & Forecast
The iShares Core MSCI Emerging Markets IMI ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.51 and $28.26. A breakdown below any of these levels will issue sell signals. 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, June 19, 2024, and so far it has fallen -0.798%. 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 Tuesday, April 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, February 02, 2024.
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 Tuesday, April 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, February 02, 2024.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, April 23, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, February 02, 2024.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 Emerging Markets IMI ETF
iShares Core MSCI Emerging Markets IMI finds support from accumulated volume at $28.46 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 $0.300 between high and low, or 1.05%. For the last week the ETF has had daily average volatility of 0.703%.
Our recommended stop-loss: $27.80 (-2.79%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (XEC.TO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect iShares Core MSCI Emerging Markets IMI Index ETF to open at $28.63, and during the day (based on 14 day Average True Range), to move between $28.36 and $28.84, which gives a possible trading interval of +/-$0.244 (+/-0.85%) up or down from last closing price. If iShares Core MSCI Emerging Markets IMI Index ETF takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.63 (0.10%) than the support at $28.46 (0.49%), 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 Emerging Markets IMI Index ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares Core MSCI Emerging Markets IMI ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.624 Buy Candidate Downgraded
Predicted Opening Price for iShares Core MSCI Emerging Markets IMI Index ETF of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$28.63 ( 0.0932%) | $28.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XEC.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 28.93 | 1.14% |
R2 | 28.81 | 0.741% |
R1 | 28.74 | 0.494% |
Price | 28.60 | |
S1 | 28.51 | -0.307% |
S2 | 28.44 | -0.555% |
S3 | 28.33 | -0.96% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 28.83 | 0.80% |
R2 | 28.65 | 0.175% |
R1 | 28.63 | 0.105% |
Price | 28.60 | |
S1 | 28.46 | -0.490% |
S2 | 28.21 | -1.36% |
S3 | 28.11 | -1.71% |
XEC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.437 | 1.71% |
2 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | $0.115 | 0.465% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.322 | 1.31% |
4 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | $0.232 | 0.94% |
5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.643 | 2.18% |
FAQ
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