ISHARES MSCI INDIA SMALL-CAP ETF Stock Forecast
Stronger technical forecast for ISHARES MSCI INDIA SMALL-CAP ETF stock price after Monday trading.
(Updated on Apr 22, 2024)
The ISHARES MSCI INDIA SMALL-CAP ETF stock price gained 1.45% on the last trading day (Monday, 22nd Apr 2024), rising from £1,586.00 to £1,609.00. During the last trading day the stock fluctuated 2.53% from a day low at £1,580.00 to a day high of £1,620.00. The price has risen in 6 of the last 10 days and is up by 0.75% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 644 thousand shares were bought and sold for approximately £1.04 billion. 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 stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ISHARES MSCI INDIA SMALL-CAP ETF stock with a 90% probability to be traded between £1,565.38 and £1,671.06 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SMIN.L Signals & Forecast
There are mixed signals in the stock today. The ISHARES MSCI INDIA SMALL-CAP ETF stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £1,624.63. On a fall, the stock will find some support from the short-term average at £1,607.14. 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 Wednesday, April 17, 2024, and so far it has risen 1.84%. 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 stock should be watched closely.
A sell signal from a double top formation was found on Tuesday, March 12, 2024 and based on theory for this formation the price should fall by -3.26% to £1,556.50 within 16 trading days since signal was issued (Tuesday, April 23, 2024).
Support, Risk & Stop-loss for ISHARES MSCI INDIA SMALL-CAP ETF stock
ISHARES MSCI INDIA SMALL-CAP ETF finds support from accumulated volume at £1,608.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £40.00 (2.53%) between high and low. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: £1,527.97 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (SMIN.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect ISHARES MSCI INDIA SMALL-CAP ETF to open at £1,603.00, and during the day (based on 14 day Average True Range), to move between £1,580.61 and £1,637.39, which gives a possible trading interval of +/-£28.39 (+/-1.76%) up or down from last closing price. If ISHARES MSCI INDIA SMALL-CAP ETF takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,608.00 (0.06%) than the resistance at £1,616.00 (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 INDIA SMALL-CAP ETF stock A Buy?
ISHARES MSCI INDIA SMALL-CAP ETF 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.768 Hold/Accumulate Upgraded
Predicted Opening Price for ISHARES MSCI INDIA SMALL-CAP ETF of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £1,603.00 ( 0.373%) | £1,609.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMIN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,643.00 | 2.11 % | |
| R2 | 1,627.72 | 1.16 % | ||
| R1 | 1,618.28 | 0.577 % | ||
| Current price: | 1,609.00 | |||
| Support | S1 | 1,587.72 | -1.32 % | |
| S2 | 1,578.28 | -1.91 % | ||
| S3 | 1,563.00 | -2.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,690.00 | 5.03 % | |
| R2 | 1,630.00 | 1.31 % | ||
| R1 | 1,616.00 | 0.435 % | ||
| Current price | 1,609.00 | |||
| Support | S1 | 1,608.00 | -0.0622% | |
| S2 | 1,604.00 | -0.311% | ||
| S3 | 1,590.00 | -1.18% |
SMIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | May 13, 2024 | £13.55 | 0.84% |
| 2 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | £12.90 | 0.784% |
| 3 | Sep 23, 2022 | Oct 20, 2022 | Nov 18, 2022 | £27.30 | 1.73% |
| 4 | Mar 25, 2022 | Apr 07, 2022 | May 13, 2022 | £12.30 | 0.82% |
| 5 | Sep 28, 2021 | Oct 21, 2021 | Nov 19, 2021 | £26.00 | 1.74% |
FAQ
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