ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF Forecast
ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF price up 0.0260% on Thursday
(Updated on Mar 28, 2024)
The ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF price gained 0.0260% on the last trading day (Thursday, 28th Mar 2024), rising from $115.27 to $115.30. During the last trading day the ETF fluctuated 0.313% from a day low at $115.25 to a day high of $115.61. The price has risen in 6 of the last 10 days and is up by 1.86% over the past 2 weeks. Volume fell on the last day by -208 thousand shares and in total, 1 million shares were bought and sold for approximately $149.22 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 narrow and strong 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 11.38% during the next 3 months and, with a 90% probability hold a price between $127.13 and $129.94 at the end of this 3-month period.
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ITOT Signals & Forecast
The ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $114.81 and $112.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 6.11%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF
ISHARES CORE S&P TOTAL U.S. STOCK MARKET finds support from accumulated volume at $113.65 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 $0.361 between high and low, or 0.313%. For the last week the ETF has had daily average volatility of 0.456%.
Our recommended stop-loss: $110.92 (-3.80%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (ITOT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF to open at $115.39, and during the day (based on 14 day Average True Range), to move between $114.40 and $116.20, which gives a possible trading interval of +/-$0.90 (+/-0.78%) up or down from last closing price. If ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $113.65, some $1.65 (1.43%) from the current price of $115.30, our system finds the risk reward attractive.
Is ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF ETF A Buy?
ISHARES CORE S&P TOTAL U.S. STOCK MARKET holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.734 Strong Buy Candidate Unchanged
Predicted Opening Price for ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$115.39 ( 0.0753%) | $115.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITOT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 115.75 | 0.388 % | |
R2 | 115.61 | 0.269 % | ||
R1 | 115.52 | 0.195 % | ||
Current price: | 115.30 | |||
Support | S1 | 115.25 | -0.0441 % | |
S2 | 115.16 | -0.118 % | ||
S3 | 115.03 | -0.237 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 115.30 | |||
Support | S1 | 113.65 | -1.43% | |
S2 | 113.00 | -1.99% | ||
S3 | 104.78 | -9.12% |
ITOT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.308 | 0.267% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.473 | 0.457% |
3 | Nov 25, 2022 | Sep 26, 2023 | Oct 02, 2023 | $0.443 | 0.471% |
4 | Nov 25, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.283 | 0.294% |
5 | Mar 22, 2023 | Mar 23, 2023 | Mar 29, 2023 | $0.352 | 0.397% |
FAQ
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