Ishares Ii Public Ltd Co - Ishares $ ETF Forecast
Ishares Ii Public Ltd Co - Ishares $ ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
No changes to the price of Ishares Ii Public Ltd Co - Ishares $ ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £4.42 to a day high of £4.42. The price has risen in 6 of the last 10 days and is up by 0.16% over the past 2 weeks.
The ETF lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £4.44 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.47% during the next 3 months and, with a 90% probability hold a price between £4.21 and £4.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0FLE.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 0.375%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Ii Public Ltd Co - Ishares $ ETF 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 ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £4.44. On a fall, the ETF will find some support from the short-term average at £4.42. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ishares Ii Public Ltd Co - Ishares $ ETF
Ishares Ii Public Ltd Co - Ishares $ finds support from accumulated volume at £4.41 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0063%
Our recommended stop-loss: £4.18 (-5.32%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (0FLE.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Ii Public Limited Company - Ishares $ Floating Rate Bond Ucits Etf to open at £4.42, and during the day (based on 14 day Average True Range), to move between £4.41 and £4.42, which gives a possible trading interval of +/-£0.0051 (+/-0.12%) up or down from last closing price. If Ishares Ii Public Limited Company - Ishares $ Floating Rate Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £4.41 (0.14%) than the resistance at £4.51 (2.12%), 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 Ii Public Limited Company - Ishares $ Floating Rate Bond Ucits Etf ETF A Buy?
Ishares Ii Public Ltd Co - Ishares $ 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 ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ishares Ii Public Limited Company - Ishares $ Floating Rate Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £4.42 ( 0%) | £4.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0FLE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.42 | - |
| R2 | 4.42 | - |
| R1 | 4.42 | - |
| Price | 4.42 | |
| S1 | 4.42 | - |
| S2 | 4.42 | - |
| S3 | 4.42 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.53 | 2.57% |
| R2 | 4.52 | 2.34% |
| R1 | 4.51 | 2.12% |
| Price | 4.42 | |
| S1 | 4.41 | -0.143% |
| S2 | 4.41 | -0.181% |
| S3 | 4.41 | -0.235% |
FAQ
Click here for our free guide on how to buy Ishares Ii Public Limited Company - Ishares $ Floating Rate Bond Ucits Etf ETF.
