Ossiam Esg Low Carbon Shiller Barclays ETF Forecast

Ossiam Esg Low Carbon Shiller Barclays ETF price ended at 107.90€ on Friday, after gaining 0.223%.
(Updated on Jun 28, 2024)

5HEE.F Signals & Forecast

The Ossiam Esg Low Carbon Shiller Barclays 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 108.02€. On a fall, the ETF will find some support from the long-term average at approximately 106.85€. 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. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.95%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Wednesday, June 05, 2024 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 Ossiam Esg Low Carbon Shiller Barclays ETF

Ossiam Esg Low Carbon Shiller Barclays finds support from accumulated volume at 107.00€ 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 0.200€ between high and low, or 0.185%. For the last week the ETF has had daily average volatility of 0.459%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (5HEE.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ossiam Esg Low Carbon Shiller Barclays Cape Us Sector Ucits Etf 1a (eur) to open at 107.97€, and during the day (based on 14 day Average True Range), to move between 107.31€ and 108.49€, which gives a possible trading interval of +/-0.586€ (+/-0.54%) up or down from last closing price. If Ossiam Esg Low Carbon Shiller Barclays Cape Us Sector Ucits Etf 1a (eur) takes out the full calculated possible swing range there will be an estimated 1.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 108.18€ (0.26%) than the support at 107.00€ (0.83%), 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 Ossiam Esg Low Carbon Shiller Barclays Cape Us Sector Ucits Etf 1a (eur) ETF A Buy?

Ossiam Esg Low Carbon Shiller Barclays holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -2.871 Sell Candidate Unchanged

Predicted Opening Price for Ossiam Esg Low Carbon Shiller Barclays Cape Us Sector Ucits Etf 1a (eur) of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.