iShares MSCI UAE Capped ETF Forecast
iShares MSCI UAE Capped ETF price down 1.10% on Friday
(Updated on Apr 19, 2024)
The iShares MSCI UAE Capped ETF price fell by -1.10% on the last day (Friday, 19th Apr 2024) from $14.58 to $14.42. During the last trading day the ETF fluctuated 0.624% from a day low at $14.42 to a day high of $14.51. The price has fallen in 6 of the last 10 days and is down by -3.61% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately $24.60 thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $14.32 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect iShares MSCI UAE Capped ETF with a 90% probability to be traded between $14.19 and $14.89 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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UAE Signals & Forecast
There are few to no technical positive signals at the moment. The iShares MSCI UAE Capped 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 $14.64 and $14.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -4.19%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for iShares MSCI UAE Capped ETF
iShares MSCI UAE Capped finds support from accumulated volume at $14.38 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 $0.0900 between high and low, or 0.624%. For the last week the ETF has had daily average volatility of 0.80%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UAE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect iShares MSCI UAE Capped ETF to open at $14.45, and during the day (based on 14 day Average True Range), to move between $14.25 and $14.59, which gives a possible trading interval of +/-$0.170 (+/-1.18%) up or down from last closing price. If iShares MSCI UAE Capped ETF takes out the full calculated possible swing range there will be an estimated 2.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.38 (0.28%) than the resistance at $14.56 (0.97%), 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 UAE Capped ETF ETF A Buy?
iShares MSCI UAE Capped holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.080 Sell Candidate Unchanged
Predicted Opening Price for iShares MSCI UAE Capped ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $14.45 ( 0.208%) | $14.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UAE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.54 | 0.83 % | |
| R2 | 14.51 | 0.594 % | ||
| R1 | 14.48 | 0.446 % | ||
| Current price: | 14.42 | |||
| Support | S1 | 14.42 | -0.0304 % | |
| S2 | 14.39 | -0.178 % | ||
| S3 | 14.36 | -0.416 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.80 | 2.64 % | |
| R2 | 14.57 | 1.04 % | ||
| R1 | 14.56 | 0.97 % | ||
| Current price | 14.42 | |||
| Support | S1 | 14.38 | -0.277% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
UAE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.0943 | 0.641% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.388 | 2.72% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.0320 | 0.210% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.366 | 2.25% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.283 | 1.65% |
FAQ
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