iShares MSCI ACWI ex US Index Fund Forecast and Stock Analysis
Technical ACWX stock analysis for Friday May 24, 2019.
|Price to book||USD 1.60|
|Next Earnings Date||n/a|
iShares MSCI ACWI ex US Index Fund gained 0.80% in the last trading day ( Friday, 24th May 2019 ), rising from $45.02 to $45.38 During day the stock fluctuated 0.45% from a day low at $45.25 to a day high of $45.45. The price has been going up and down for this period, and there has been a -1.94% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 56 576 more shares were traded than the day before. In total, 706 628 shares bought and sold for approximately $32.07 million.
- 30 day high of the ACWX stock price was $47.76 and low was $44.85.
- 90 day high was $47.87 and low was $44.85.
- 52 week high for the iShares MSCI ACWI ex US Index Fund - $50.07 and low - $40.51.
iShares MSCI ACWI ex US Index Fund is the lower part of a horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $45.02 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect iShares MSCI ACWI ex US Index Fund with 90% probability to be traded between $45.17 and $47.92 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Thursday May 23, 2019, which indicates further gains 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. iShares MSCI ACWI ex US Index Fund holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $45.48 and $46.73. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
iShares MSCI ACWI ex US Index Fund finds support from accumulated volume at $45.27.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.21 (0.45%) between high and low. For the last week, the stock has had a daily average volatility of 0.49%.
Our recommended stoploss: $42.54 (-6.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
0.49 %Average volatility
Very Low Low Medium High Very High
iShares MSCI ACWI ex US Index Fund holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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