iShares Core Equity Portfolio ETF Forecast
iShares Core Equity Portfolio ETF price down 0.84% on Tuesday
(Updated on Apr 30, 2024)
The iShares Core Equity Portfolio ETF price fell by -0.84% on the last day (Tuesday, 30th Apr 2024) from $29.82 to $29.57. During the last trading day the ETF fluctuated 1.12% from a day low at $29.57 to a day high of $29.90. The price has been going up and down for this period, and there has been a 0.2% gain for the last 2 weeks. Volume has increased on the last day by 4 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, 200 thousand shares were bought and sold for approximately $5.92 million.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $29.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.10% during the next 3 months and, with a 90% probability hold a price between $30.90 and $32.36 at the end of this 3-month period.
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XEQT.TO Signals & Forecast
There are few to no technical positive signals at the moment. The iShares Core Equity Portfolio 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 $29.61 and $29.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -2.34%. 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 iShares Core Equity Portfolio ETF
iShares Core Equity Portfolio finds support from accumulated volume at $29.39 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 $0.330 between high and low, or 1.12%. For the last week the ETF has had daily average volatility of 0.746%.
Our recommended stop-loss: $28.60 (-3.27%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (XEQT.TO) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect iShares Core Equity ETF Portfolio to open at $29.68, and during the day (based on 14 day Average True Range), to move between $29.32 and $29.82, which gives a possible trading interval of +/-$0.255 (+/-0.86%) up or down from last closing price. If iShares Core Equity ETF Portfolio takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.60 (0.10%) than the support at $29.39 (0.61%), 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 Equity ETF Portfolio ETF A Buy?
iShares Core Equity Portfolio holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.815 Hold/Accumulate Unchanged
Predicted Opening Price for iShares Core Equity ETF Portfolio of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$29.68 ( 0.372%) | $29.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XEQT.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.01 | 1.49 % | |
R2 | 29.88 | 1.06 % | ||
R1 | 29.81 | 0.798 % | ||
Current price: | 29.57 | |||
Support | S1 | 29.55 | -0.0543 % | |
S2 | 29.48 | -0.318 % | ||
S3 | 29.35 | -0.744 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.13 | 1.89 % | |
R2 | 29.98 | 1.39 % | ||
R1 | 29.60 | 0.101 % | ||
Current price | 29.57 | |||
Support | S1 | 29.39 | -0.609% | |
S2 | 29.33 | -0.81% | ||
S3 | 28.35 | -4.13% |
XEQT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | $0.0920 | 0.305% |
2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.200 | 0.723% |
3 | Sep 25, 2023 | Sep 25, 2023 | Sep 25, 2023 | $0.0900 | 0.349% |
4 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | $0.199 | 0.783% |
5 | Mar 22, 2023 | Mar 22, 2023 | Mar 22, 2023 | $0.0880 | 0.353% |
FAQ
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