Ishares Msci Min Vol Emerging Markets ETF Forecast
Ishares Msci Min Vol Emerging Markets ETF price down 0% on Wednesday
(Updated on Jun 26, 2024)
No changes to the price of Ishares Msci Min Vol Emerging Markets ETF on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $27.70 to a day high of $27.70. The price has fallen in 7 of the last 10 days and is down by -1.39% for this period.
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 $27.59 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 2.76% during the next 3 months and, with a 90% probability hold a price between $28.35 and $29.37 at the end of this 3-month period.
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XMM.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. 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. The Ishares Msci Min Vol Emerging Markets ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $28.02 and $27.93. A break-up above any of these levels will issue buy signals. 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. The ETF had a Golden Star Signal on Friday, February 02, 2024 in the long-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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, February 02, 2024 in the long-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.
A sell signal from a double top formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -3.27% to $26.79 within 18 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Ishares Msci Min Vol Emerging Markets ETF
Ishares Msci Min Vol Emerging Markets finds support from accumulated volume at $27.59 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 0.0715%
Our recommended stop-loss: $26.00 (-6.14%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (XMM.TO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Msci Min Vol Emerging Markets Index Etf to open at $27.70, and during the day (based on 14 day Average True Range), to move between $27.57 and $27.83, which gives a possible trading interval of +/-$0.126 (+/-0.45%) up or down from last closing price. If Ishares Msci Min Vol Emerging Markets Index Etf takes out the full calculated possible swing range there will be an estimated 0.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.73 (0.11%) than the support at $27.59 (0.40%), 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 Msci Min Vol Emerging Markets Index Etf ETF A Buy?
Ishares Msci Min Vol Emerging Markets holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.293 Hold/Accumulate Unchanged
Predicted Opening Price for Ishares Msci Min Vol Emerging Markets Index Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $27.70 ( 0%) | $27.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XMM.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.70 | - |
| R2 | 27.70 | - |
| R1 | 27.70 | - |
| Price | 27.70 | |
| S1 | 27.70 | - |
| S2 | 27.70 | - |
| S3 | 27.70 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.04 | 1.23% |
| R2 | 28.00 | 1.08% |
| R1 | 27.73 | 0.108% |
| Price | 27.70 | |
| S1 | 27.59 | -0.397% |
| S2 | 27.26 | -1.59% |
| S3 | 27.23 | -1.70% |
FAQ
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