Ishares Msci Min Vol Emerging Markets ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ishares Msci Min Vol Emerging Markets ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Ishares Msci Min Vol Emerging Markets ETF price gained 0.322% on the last trading day (Friday, 28th Jun 2024), rising from $27.91 to $28.00. During the last trading day the ETF fluctuated 0.393% from a day low at $28.00 to a day high of $28.11. The price has fallen in 5 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 more shares were traded than the day before. In total, 600 shares were bought and sold for approximately $16.80 thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.70% during the next 3 months and, with a 90% probability hold a price between $28.36 and $29.37 at the end of this 3-month period.
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XMM.TO Signals & Forecast
The Ishares Msci Min Vol Emerging Markets ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $27.94 and $27.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.08%. Further rise is indicated until a new top pivot has been found. Ishares Msci Min Vol Emerging Markets has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -4.31% 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.110 between high and low, or 0.393%. For the last week the ETF has had daily average volatility of 0.143%.
Our recommended stop-loss: $26.36 (-5.86%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (XMM.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Ishares Msci Min Vol Emerging Markets Index Etf to open at $28.04, and during the day (based on 14 day Average True Range), to move between $27.86 and $28.14, which gives a possible trading interval of +/-$0.137 (+/-0.49%) 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 0.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.04 (0.14%) than the support at $27.59 (1.46%), 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?
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 Emerging Markets ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.765 Buy Candidate Upgraded
Predicted Opening Price for Ishares Msci Min Vol Emerging Markets Index Etf of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $28.04 ( 0.131%) | $28.00 |
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 | 28.15 | 0.524% |
| R2 | 28.10 | 0.374% |
| R1 | 28.08 | 0.281% |
| Price | 28.00 | |
| S1 | 27.99 | -0.0191% |
| S2 | 27.97 | -0.112% |
| S3 | 27.93 | -0.262% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.07 | 0.250% |
| R2 | 28.06 | 0.214% |
| R1 | 28.04 | 0.143% |
| Price | 28.00 | |
| S1 | 27.59 | -1.46% |
| S2 | 27.26 | -2.64% |
| S3 | 27.23 | -2.75% |
FAQ
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