iShares MSCI Europe Small-Cap ETF Forecast
Stronger technical forecast for iShares MSCI Europe Small-Cap ETF price after Wednesday trading.
(Updated on Apr 17, 2024)
The iShares MSCI Europe Small-Cap ETF price gained 0.407% on the last trading day (Wednesday, 17th Apr 2024), rising from $54.16 to $54.38. During the last trading day the ETF fluctuated 0.351% from a day low at $54.19 to a day high of $54.38. The price has been going up and down for this period, and there has been a -4.06% loss for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 955 shares were bought and sold for approximately $51.93 thousand. 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $54.21 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.21% during the next 3 months and, with a 90% probability hold a price between $57.03 and $60.14 at the end of this 3-month period.
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IEUS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.407%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares MSCI Europe Small-Cap 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 $55.31 and $55.75. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for iShares MSCI Europe Small-Cap ETF
iShares MSCI Europe Small-Cap finds support from accumulated volume at $54.22 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.190 between high and low, or 0.351%. For the last week the ETF has had daily average volatility of 0.85%
Our recommended stop-loss: $51.26 (-5.75%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (IEUS) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect iShares MSCI Europe Small-Cap ETF to open at $54.32, and during the day (based on 14 day Average True Range), to move between $53.79 and $54.97, which gives a possible trading interval of +/-$0.591 (+/-1.09%) up or down from last closing price. If iShares MSCI Europe Small-Cap ETF takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.22 (0.29%) than the resistance at $54.62 (0.44%), 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 Europe Small-Cap ETF ETF A Buy?
iShares MSCI Europe Small-Cap holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.708 Hold/Accumulate Upgraded
Predicted Opening Price for iShares MSCI Europe Small-Cap ETF of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $54.32 ( 0.117%) | $54.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.51 | 0.233 % | |
| R2 | 54.43 | 0.0996 % | ||
| R1 | 54.39 | 0.0170 % | ||
| Current price: | 54.38 | |||
| Support | S1 | 54.24 | -0.250 % | |
| S2 | 54.20 | -0.333 % | ||
| S3 | 54.13 | -0.467 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.68 | 4.23 % | |
| R2 | 55.79 | 2.59 % | ||
| R1 | 54.62 | 0.441 % | ||
| Current price | 54.38 | |||
| Support | S1 | 54.22 | -0.295% | |
| S2 | 53.85 | -0.98% | ||
| S3 | 52.92 | -2.69% |
IEUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.610 | 1.08% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $1.06 | 1.98% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.313 | 0.638% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $1.17 | 2.32% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.131 | 0.188% |
FAQ
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