iShares MSCI All Country Asia ex Japan ETF Forecast
iShares MSCI All Country Asia ex Japan ETF price up 0.657% on Wednesday
(Updated on Apr 24, 2024)
The iShares MSCI All Country Asia ex Japan ETF price gained 0.657% on the last trading day (Wednesday, 24th Apr 2024), rising from $66.97 to $67.41. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.655% from a day low at $67.18 to a day high of $67.62. The price has been going up and down for this period, and there has been a -0.72% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 65 thousand more shares were traded than the day before. In total, 418 thousand shares were bought and sold for approximately $28.20 million.
The ETF lies in the middle of a 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 5.36% during the next 3 months and, with a 90% probability hold a price between $69.18 and $73.18 at the end of this 3-month period.
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AAXJ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.93%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares MSCI All Country Asia ex Japan 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 $67.47. On a fall, the ETF will find some support from the short-term average at $66.19. 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 MSCI All Country Asia ex Japan ETF
iShares MSCI All Country Asia ex Japan finds support from accumulated volume at $65.86 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 $0.440 between high and low, or 0.655%. For the last week the ETF has had daily average volatility of 0.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AAXJ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect iShares MSCI All Country Asia ex Japan Index Fund to open at $67.40, and during the day (based on 14 day Average True Range), to move between $66.65 and $68.17, which gives a possible trading interval of +/-$0.761 (+/-1.13%) up or down from last closing price. If iShares MSCI All Country Asia ex Japan Index Fund takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $67.52 (0.16%) than the support at $65.86 (2.30%), 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 All Country Asia ex Japan Index Fund ETF A Buy?
iShares MSCI All Country Asia ex Japan holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.729 Sell Candidate Unchanged
Predicted Opening Price for iShares MSCI All Country Asia ex Japan Index Fund of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $67.40 ( 0.0099%) | $67.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAXJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.84 | 0.643 % | |
| R2 | 67.68 | 0.393 % | ||
| R1 | 67.57 | 0.239 % | ||
| Current price: | 67.41 | |||
| Support | S1 | 67.24 | -0.259 % | |
| S2 | 67.13 | -0.413 % | ||
| S3 | 66.96 | -0.663 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.66 | 1.85 % | |
| R2 | 67.57 | 0.237 % | ||
| R1 | 67.52 | 0.163 % | ||
| Current price | 67.41 | |||
| Support | S1 | 65.86 | -2.30% | |
| S2 | 64.04 | -5.00% | ||
| S3 | 63.39 | -5.96% |
AAXJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.793 | 1.21% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.397 | 0.581% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.787 | 1.21% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.337 | 0.484% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $1.55 | 1.90% |
FAQ
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