iShares MSCI ACWI ex US Index Fund ETF Forecast

Red day on Friday for iShares MSCI ACWI ex US Index Fund
(Updated on Apr 19, 2024)

ACWX Signals & Forecast

There are few to no technical positive signals at the moment. The iShares MSCI ACWI ex US Index Fund ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $51.62 and $52.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -4.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Friday, February 02, 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 ACWI ex US Index Fund ETF

iShares MSCI ACWI ex US Index Fund finds support from accumulated volume at $50.65 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 $0.295 between high and low, or 0.579%. For the last week the ETF has had daily average volatility of 0.96%.

iShares MSCI ACWI ex US Index Fund is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ACWX) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect iShares MSCI ACWI ex US Index Fund to open at $51.17, and during the day (based on 14 day Average True Range), to move between $50.65 and $51.67, which gives a possible trading interval of +/-$0.510 (+/-1.00%) up or down from last closing price. If iShares MSCI ACWI ex US Index Fund takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $51.20 (0.08%) than the support at $50.65 (1.00%), 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 ACWI ex US Index Fund ETF A Buy?

The iShares MSCI ACWI ex US Index Fund ETF holds several negative signals and despite the positive trend, we believe iShares MSCI ACWI ex US Index Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -4.215 Sell Candidate Unchanged

Predicted Opening Price for iShares MSCI ACWI ex US Index Fund of Monday, April 22, 2024

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