iShares U.S. High Dividend Equity Index ETF Forecast

iShares U.S. High Dividend Equity Index ETF downgraded to Buy Candidate
(Updated on May 08, 2024)

XHU.TO Signals & Forecast

The iShares U.S. High Dividend Equity 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 $30.29 and $30.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.46%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for iShares U.S. High Dividend Equity Index ETF

iShares U.S. High Dividend Equity Index finds support from accumulated volume at $30.27 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.505%

Our recommended stop-loss: $28.89 (-5.27%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (XHU.TO) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect iShares U.S. High Dividend Equity Index ETF to open at $30.50, and during the day (based on 14 day Average True Range), to move between $30.31 and $30.69, which gives a possible trading interval of +/-$0.187 (+/-0.61%) up or down from last closing price. If iShares U.S. High Dividend Equity Index ETF takes out the full calculated possible swing range there will be an estimated 1.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $30.52 (0.07%) than the support at $30.27 (0.75%), 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 U.S. High Dividend Equity Index ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for iShares U.S. High Dividend Equity Index ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.866 Buy Candidate Downgraded

Predicted Opening Price for iShares U.S. High Dividend Equity Index ETF of Thursday, May 9, 2024

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