iShares Core MSCI EAFE IMI Index ETF Forecast

iShares Core MSCI EAFE IMI Index ETF price down 0.788% on Thursday
(Updated on Apr 25, 2024)

XEF.TO Signals & Forecast

There are mixed signals in the ETF today. The iShares Core MSCI EAFE IMI Index ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $36.97. On a fall, the ETF will find some support from the short-term average at $36.47. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -2.82%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Tuesday, August 08, 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 EAFE IMI Index ETF

iShares Core MSCI EAFE IMI Index finds support from accumulated volume at $36.33 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.230 between high and low, or 0.634%. For the last week the ETF has had daily average volatility of 0.643%

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

Trading Expectations (XEF.TO) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect iShares Core MSCI EAFE IMI Index ETF to open at $36.42, and during the day (based on 14 day Average True Range), to move between $36.20 and $36.78, which gives a possible trading interval of +/-$0.293 (+/-0.80%) up or down from last closing price. If iShares Core MSCI EAFE IMI Index ETF takes out the full calculated possible swing range there will be an estimated 1.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $36.33 (0.44%) than the resistance at $36.91 (1.15%), 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 EAFE IMI Index ETF ETF A Buy?

iShares Core MSCI EAFE IMI Index holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -3.013 Sell Candidate Unchanged

Predicted Opening Price for iShares Core MSCI EAFE IMI Index ETF of Friday, April 26, 2024

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