Ishares Msci Min Vol Eafe Index Etf ETF Forecast

Green day on Thursday for Ishares Msci Min Vol Eafe Index Etf ETF after gaining 0.135%
(Updated on May 09, 2024)

XMI.TO Signals & Forecast

The Ishares Msci Min Vol Eafe Index Etf 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 $36.76 and $36.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.02%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, February 15, 2024 in the short-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 Msci Min Vol Eafe Index Etf ETF

Ishares Msci Min Vol Eafe Index Etf finds support from accumulated volume at $36.18 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 0.147%

The Ishares Msci Min Vol Eafe Index Etf ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: $35.37 (-4.42%) (This ETF has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (XMI.TO) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Ishares Msci Min Vol Eafe Index Etf to open at $37.00, and during the day (based on 14 day Average True Range), to move between $36.86 and $37.14, which gives a possible trading interval of +/-$0.143 (+/-0.39%) up or down from last closing price. If Ishares Msci Min Vol Eafe Index Etf takes out the full calculated possible swing range there will be an estimated 0.77% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $36.18, some $0.82 (2.22%) from the current price of $37.00, our system finds the risk reward attractive.

Is Ishares Msci Min Vol Eafe 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 Msci Min Vol Eafe Index Etf ETF to perform well in the short-term.

Current score: 3.289 Buy Candidate Unchanged

Predicted Opening Price for Ishares Msci Min Vol Eafe Index Etf of Friday, May 10, 2024

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