iShares US Preferred Stock ETF Forecast
iShares US Preferred Stock ETF downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)
The iShares US Preferred Stock ETF price fell by -0.555% on the last day (Thursday, 28th Mar 2024) from $32.41 to $32.23. During the last trading day the ETF fluctuated 1.02% from a day low at $32.20 to a day high of $32.53. The price has risen in 6 of the last 10 days and is up by 0.62% over the past 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $167.82 million.
The ETF lies in the middle of a narrow and 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 3.42% during the next 3 months and, with a 90% probability hold a price between $33.22 and $33.74 at the end of this 3-month period.
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PFF Signals & Forecast
The iShares US Preferred Stock ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $32.37. On a fall, the ETF will find some support from the long-term average at approximately $32.08. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.95%. 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 Wednesday, August 30, 2023 in the long-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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, August 30, 2023 in the long-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 US Preferred Stock ETF
iShares US Preferred Stock finds support from accumulated volume at $32.06 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 $0.330 between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 0.781%.
Our recommended stop-loss: $31.17 (-3.29%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (PFF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect iShares US Preferred Stock to open at $32.32, and during the day (based on 14 day Average True Range), to move between $32.02 and $32.44, which gives a possible trading interval of +/-$0.210 (+/-0.65%) up or down from last closing price. If iShares US Preferred Stock takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.25 (0.06%) than the support at $32.06 (0.53%), 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 US Preferred Stock ETF A Buy?
iShares US Preferred Stock 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.139 Hold/Accumulate Downgraded
Predicted Opening Price for iShares US Preferred Stock of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$32.32 ( 0.279%) | $32.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.65 | 1.30 % | |
R2 | 32.52 | 0.91 % | ||
R1 | 32.45 | 0.670 % | ||
Current price: | 32.23 | |||
Support | S1 | 32.19 | -0.112 % | |
S2 | 32.12 | -0.354 % | ||
S3 | 31.99 | -0.745 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.54 | 0.96 % | |
R2 | 32.29 | 0.186 % | ||
R1 | 32.25 | 0.0621 % | ||
Current price | 32.23 | |||
Support | S1 | 32.06 | -0.527% | |
S2 | 31.96 | -0.84% | ||
S3 | 31.63 | -1.86% |
PFF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.170 | 0.529% |
2 | Jan 31, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.176 | 0.557% |
3 | Nov 30, 2023 | Dec 14, 2023 | Dec 07, 2023 | $0.193 | 0.628% |
4 | Nov 30, 2023 | Dec 01, 2023 | Dec 07, 2023 | $0.175 | 0.570% |
5 | Oct 31, 2023 | Nov 01, 2023 | Nov 07, 2023 | $0.173 | 0.582% |
FAQ
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