iShares MSCI Mexico Capped stock up 0.16% on Friday (Updated on September 25, 2020)

Hold candidate since 2020-09-22

Loss -0.28%

Last Trading Session

The iShares MSCI Mexico Capped stock gained 0.16% in the last trading day (Friday, 25th Sep 2020), rising from $32.17 to $32.22 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.44% from a day low at $31.21 to a day high of $32.29. The price has fallen in 6 of the last 10 days and is down by -3.99% for this period. Volume fell in the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $86.45 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 stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.52% during the next 3 months and, with a 90% probability hold a price between $32.72 and $36.98 at the end of this period.

The Signals

A buy signal was issued from a pivot bottom point on Wednesday September 23, 2020 , and it has risen so far 3.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares MSCI Mexico Capped stock holds sales signals from both short and long-term moving averages. In addition, there is a general sales 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 $32.56 and $33.53. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss

iShares MSCI Mexico Capped finds support from accumulated volume at $32.17.

$32.17 $32.22 $32.91

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 $1.08 (3.44%) between high and low. For the last week, the stock has had daily average volatility of 3.17%.

Our recommended stop-loss: $30.77 (-4.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

EWW Stock Forecast and Score

iShares MSCI Mexico Capped 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 hold candidate (hold or accumulate) in this position whilst awaiting further development.

Our system ranks the EWW as Hold/Accumulate with a score of -0.189.