Ishares S&p U.s. Small-cap Index Etf ETF Forecast
Stronger technical forecast for Ishares S&p U.s. Small-cap Index Etf ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Ishares S&p U.s. Small-cap Index Etf ETF price gained 1.14% on the last trading day (Friday, 28th Jun 2024), rising from $28.93 to $29.26. During the last trading day the ETF fluctuated 0.410% from a day low at $29.26 to a day high of $29.38. The price has risen in 7 of the last 10 days and is up by 1.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 300 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $49.74 thousand.
Given the current short-term trend, the ETF is expected to fall -3.28% during the next 3 months and, with a 90% probability hold a price between $27.78 and $28.30 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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XSMC.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.46%. Further rise is indicated until a new top pivot has been found. Ishares S&p U.s. Small-cap Index Etf 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. The Ishares S&p U.s. Small-cap Index Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $29.43. On a fall, the ETF will find some support from the short-term average at $29.06. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ishares S&p U.s. Small-cap Index Etf ETF
Ishares S&p U.s. Small-cap Index Etf finds support from accumulated volume at $29.09 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 $0.120 between high and low, or 0.410%. For the last week the ETF has had daily average volatility of 0.387%.
Our recommended stop-loss: $27.60 (-5.68%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (XSMC.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Ishares S&p U.s. Small-cap Index Etf to open at $29.30, and during the day (based on 14 day Average True Range), to move between $29.00 and $29.52, which gives a possible trading interval of +/-$0.259 (+/-0.89%) up or down from last closing price. If Ishares S&p U.s. Small-cap Index Etf takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.09 (0.58%) than the resistance at $29.55 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares S&p U.s. Small-cap Index Etf ETF A Buy?
Ishares S&p U.s. Small-cap Index Etf 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.500 Hold/Accumulate Upgraded
Predicted Opening Price for Ishares S&p U.s. Small-cap Index Etf of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $29.30 ( 0.137%) | $29.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSMC.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.42 | 0.547% |
| R2 | 29.37 | 0.390% |
| R1 | 29.35 | 0.293% |
| Price | 29.26 | |
| S1 | 29.25 | -0.0200% |
| S2 | 29.23 | -0.117% |
| S3 | 29.18 | -0.273% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.86 | 2.05% |
| R2 | 29.66 | 1.37% |
| R1 | 29.55 | 0.99% |
| Price | 29.26 | |
| S1 | 29.09 | -0.581% |
| S2 | 28.95 | -1.06% |
| S3 | 28.93 | -1.13% |
FAQ
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