ISHARES MSCI EAFE ESG OPTIMIZED ETF Forecast
ISHARES MSCI EAFE ESG OPTIMIZED ETF price ended at $78.01 on Tuesday, after gaining 1.04%.
(Updated on Apr 23, 2024)
The ISHARES MSCI EAFE ESG OPTIMIZED ETF price gained 1.04% on the last trading day (Tuesday, 23rd Apr 2024), rising from $77.21 to $78.01. 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 0.89% from a day low at $77.42 to a day high of $78.11. The price has been going up and down for this period, and there has been a -1.87% loss for the last 2 weeks. Volume fell on the last day by -275 thousand shares and in total, 354 thousand shares were bought and sold for approximately $27.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 4.87% during the next 3 months and, with a 90% probability hold a price between $80.12 and $85.24 at the end of this 3-month period.
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ESGD Signals & Forecast
There are mixed signals in the ETF today. The ISHARES MSCI EAFE ESG OPTIMIZED 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 $78.70. On a fall, the ETF will find some support from the short-term average at $76.80. 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). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.35%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for ISHARES MSCI EAFE ESG OPTIMIZED ETF
ISHARES MSCI EAFE ESG OPTIMIZED finds support from accumulated volume at $77.97 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 $0.690 between high and low, or 0.89%. For the last week the ETF has had daily average volatility of 0.87%.
Our recommended stop-loss: $74.17 (-4.92%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (ESGD) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect ISHARES MSCI EAFE ESG OPTIMIZED ETF to open at $77.85, and during the day (based on 14 day Average True Range), to move between $77.19 and $78.83, which gives a possible trading interval of +/-$0.82 (+/-1.05%) up or down from last closing price. If ISHARES MSCI EAFE ESG OPTIMIZED ETF takes out the full calculated possible swing range there will be an estimated 2.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $77.97 (0.05%) than the resistance at $79.57 (2.00%), 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 MSCI EAFE ESG OPTIMIZED ETF ETF A Buy?
ISHARES MSCI EAFE ESG OPTIMIZED 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.
Current score: 0.211 Hold/Accumulate Unchanged
Predicted Opening Price for ISHARES MSCI EAFE ESG OPTIMIZED ETF of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $77.85 ( 0.209%) | $78.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESGD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 78.54 | 0.675 % | |
| R2 | 78.27 | 0.337 % | ||
| R1 | 78.11 | 0.129 % | ||
| Current price: | 78.01 | |||
| Support | S1 | 77.58 | -0.547 % | |
| S2 | 77.42 | -0.756 % | ||
| S3 | 77.16 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.91 | 2.44 % | |
| R2 | 79.72 | 2.19 % | ||
| R1 | 79.57 | 2.00 % | ||
| Current price | 78.01 | |||
| Support | S1 | 77.97 | -0.0513% | |
| S2 | 77.21 | -1.03% | ||
| S3 | 75.79 | -2.85% |
ESGD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.92 | 1.21% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $1.37 | 1.88% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.308 | 0.471% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $1.40 | 2.20% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.114 | 0.143% |
FAQ
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