iShares S&P/TSX Global Gold Index ETF Forecast
iShares S&P/TSX Global Gold Index ETF price ended at $20.43 on Friday, after losing 0.83%.
(Updated on May 31, 2024)
The iShares S&P/TSX Global Gold Index ETF price fell by -0.83% on the last day (Friday, 31st May 2024) from $20.60 to $20.43. During the last trading day the ETF fluctuated 2.07% from a day low at $20.28 to a day high of $20.70. The price has risen in 6 of the last 10 days but is still down by -0.49% for this period. Volume has increased on the last day by 206 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, 333 thousand shares were bought and sold for approximately $6.81 million.
The ETF lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.40 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 24.44% during the next 3 months and, with a 90% probability hold a price between $25.38 and $27.16 at the end of this 3-month period.
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XGD.TO Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -3.95%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The iShares S&P/TSX Global Gold Index ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $20.48. On a fall, the ETF will find some support from the long-term average at approximately $20.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for iShares S&P/TSX Global Gold Index ETF
iShares S&P/TSX Global Gold Index finds support from accumulated volume at $20.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.420 (2.07%) between high and low. For the last week, the ETF has had daily average volatility of 1.32%.
Our recommended stop-loss: $19.78 (-3.16%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (XGD.TO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect iShares S&P/TSX Global Gold Index ETF to open at $20.47, and during the day (based on 14 day Average True Range), to move between $20.05 and $20.81, which gives a possible trading interval of +/-$0.382 (+/-1.87%) up or down from last closing price. If iShares S&P/TSX Global Gold Index ETF takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.46 (0.15%) than the support at $20.02 (2.01%), 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 S&P/TSX Global Gold Index ETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.269 Buy Candidate Unchanged
Predicted Opening Price for iShares S&P/TSX Global Gold Index ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $20.47 ( 0.196%) | $20.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XGD.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.89 | 2.25 % | |
| R2 | 20.73 | 1.47 % | ||
| R1 | 20.63 | 0.98 % | ||
| Current price: | 20.43 | |||
| Support | S1 | 20.31 | -0.590 % | |
| S2 | 20.21 | -1.07 % | ||
| S3 | 20.05 | -1.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.05 | 3.03 % | |
| R2 | 20.62 | 0.93 % | ||
| R1 | 20.46 | 0.147 % | ||
| Current price | 20.43 | |||
| Support | S1 | 20.02 | -2.01% | |
| S2 | 19.65 | -3.82% | ||
| S3 | 19.51 | -4.50% |
XGD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.100 | 0.560% |
| 2 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | $0.165 | 0.96% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.171 | 0.98% |
| 4 | Jun 24, 2022 | Jun 24, 2022 | Jun 30, 2022 | $0.142 | 0.87% |
| 5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.0670 | 0.367% |
FAQ
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