Blackrock Asset Management Canada Ltd - ETF Forecast
Red day on Friday for Blackrock Asset Management Canada Ltd -
(Updated on Jun 21, 2024)
The Blackrock Asset Management Canada Ltd - ETF price fell by -0.244% on the last day (Friday, 21st Jun 2024) from $24.54 to $24.48. During the last trading day the ETF fluctuated 0.573% from a day low at $24.45 to a day high of $24.59. The price has fallen in 7 of the last 10 days and is down by -3.39% for this period. Volume has increased on the last day by 91 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, 194 thousand shares were bought and sold for approximately $4.74 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $24.46 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Blackrock Asset Management Canada Ltd - ETF with a 90% probability to be traded between $24.40 and $25.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XEI.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Blackrock Asset Management Canada Ltd - ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $24.60 and $25.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -5.85%. 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.
Support, Risk & Stop-loss for Blackrock Asset Management Canada Ltd - ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 0.573%. For the last week the ETF has had daily average volatility of 0.727%.
Blackrock Asset Management Canada Ltd - is oversold on RSI14 (16). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XEI.TO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Blackrock Asset Management Canada Ltd - Ishares S&p/tsx Composite High to open at $24.51, and during the day (based on 14 day Average True Range), to move between $24.26 and $24.70, which gives a possible trading interval of +/-$0.220 (+/-0.90%) up or down from last closing price. If Blackrock Asset Management Canada Ltd - Ishares S&p/tsx Composite High takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $24.54, some $0.0600 (0.25%) from the current price of $24.48, our system finds the risk reward not very attractive.
Is Blackrock Asset Management Canada Ltd - Ishares S&p/tsx Composite High ETF A Buy?
Blackrock Asset Management Canada Ltd - holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.882 Sell Candidate Unchanged
Predicted Opening Price for Blackrock Asset Management Canada Ltd - Ishares S&p/tsx Composite High of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $24.51 ( 0.109%) | $24.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XEI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.65 | 0.681% |
| R2 | 24.59 | 0.462% |
| R1 | 24.56 | 0.327% |
| Price | 24.48 | |
| S1 | 24.45 | -0.110% |
| S2 | 24.42 | -0.244% |
| S3 | 24.37 | -0.463% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.78 | 5.31% |
| R2 | 25.33 | 3.47% |
| R1 | 24.54 | 0.245% |
| Price | 24.48 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
XEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 31, 2024 | $0.114 | 0.445% |
| 2 | Apr 24, 2024 | Apr 24, 2024 | Apr 30, 2024 | $0.114 | 0.460% |
| 3 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | $0.120 | 0.471% |
| 4 | Feb 23, 2024 | Feb 23, 2024 | Feb 29, 2024 | $0.120 | 0.486% |
| 5 | Jan 25, 2024 | Jan 25, 2024 | Jan 31, 2024 | $0.120 | 0.487% |
FAQ
Click here for our free guide on how to buy Blackrock Asset Management Canada Ltd - Ishares S&p/tsx Composite High ETF.
