iShares Core MSCI Emerging Markets IMI ETF Forecast

Evaluation of iShares Core MSCI Emerging Markets IMI ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)

XEC.TO 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 Core MSCI Emerging Markets IMI ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $28.55 and $28.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -1.94%. Further fall is indicated until a new bottom pivot has been found. iShares Core MSCI Emerging Markets IMI gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 $28.21 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 $0.140 between high and low, or 0.498%. For the last week the ETF has had daily average volatility of 0.654%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XEC.TO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect iShares Core MSCI Emerging Markets IMI Index ETF to open at $28.22, and during the day (based on 14 day Average True Range), to move between $28.03 and $28.51, which gives a possible trading interval of +/-$0.242 (+/-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 support from accumulated volume at $28.21 (0.21%) than the resistance at $28.46 (0.67%), 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 Core MSCI Emerging Markets IMI Index ETF ETF A Buy?

The iShares Core MSCI Emerging Markets IMI ETF holds several negative signals and despite the positive trend, we believe iShares Core MSCI Emerging Markets IMI will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. 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 Sell candidate.

Current score: -2.747 Sell Candidate Downgraded

Predicted Opening Price for iShares Core MSCI Emerging Markets IMI Index ETF of Wednesday, June 26, 2024

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