iShares Core MSCI EAFE IMI Index ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
iShares Core MSCI EAFE IMI Index ETF price up 0.719% on Tuesday
(Updated on May 07, 2024)
The iShares Core MSCI EAFE IMI Index ETF price gained 0.719% on the last trading day (Tuesday, 7th May 2024), rising from $37.53 to $37.80. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.398% from a day low at $37.68 to a day high of $37.83. The price has risen in 6 of the last 10 days and is up by 2.75% over the past 2 weeks. Volume fell on the last day by -51 thousand shares and in total, 66 thousand shares were bought and sold for approximately $2.49 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 4.05% during the next 3 months and, with a 90% probability hold a price between $37.92 and $39.78 at the end of this 3-month period.
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XEF.TO Signals & Forecast
The iShares Core MSCI EAFE IMI Index 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 $37.14 and $37.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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.
Golden Star 12 Months
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 $37.53 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 0.398%. For the last week the ETF has had daily average volatility of 0.540%.
Our recommended stop-loss: $36.18 (-4.29%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (XEF.TO) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect iShares Core MSCI EAFE IMI Index ETF to open at $37.77, and during the day (based on 14 day Average True Range), to move between $37.50 and $38.10, which gives a possible trading interval of +/-$0.300 (+/-0.79%) 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 1.59% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $37.53, some $0.270 (0.71%) from the current price of $37.80, our system finds the risk reward attractive.
Is iShares Core MSCI EAFE IMI Index ETF ETF A Buy?
iShares Core MSCI EAFE IMI Index holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for iShares Core MSCI EAFE IMI Index ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $37.77 ( 0.0794%) | $37.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XEF.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.92 | 0.317 % | |
| R2 | 37.86 | 0.166 % | ||
| R1 | 37.83 | 0.0722 % | ||
| Current price: | 37.80 | |||
| Support | S1 | 37.71 | -0.231 % | |
| S2 | 37.68 | -0.325 % | ||
| S3 | 37.62 | -0.476 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 37.80 | |||
| Support | S1 | 37.53 | -0.714% | |
| S2 | 37.35 | -1.19% | ||
| S3 | 36.15 | -4.37% |
XEF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.344 | 1.00% |
| 2 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | $0.609 | 1.88% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.355 | 1.13% |
| 4 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | $0.552 | 1.91% |
| 5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.407 | 1.14% |
FAQ
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