Ishares Iii Public Ltd Co - Ishares ETF Forecast
Ishares Iii Public Ltd Co - Ishares ETF price ended at 3.99€ on Friday, after losing 0.188%.
(Updated on Jun 21, 2024)
The Ishares Iii Public Ltd Co - Ishares ETF price fell by -0.188% on the last day (Friday, 21st Jun 2024) from 4.00€ to 3.99€. During the last trading day the ETF fluctuated 0.213% from a day low at 3.99€ to a day high of 4.00€. The price has fallen in 7 of the last 10 days and is down by -0.6% for this period. Volume has increased on the last day by 982 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately 13.64€ 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 3.98€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ishares Iii Public Ltd Co - Ishares ETF with a 90% probability to be traded between 4.02€ and 4.07€ 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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AGGE.AS Signals & Forecast
The Ishares Iii Public Ltd Co - Ishares 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 4.00€. On a fall, the ETF will find some support from the long-term average at approximately 3.99€. 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 Wednesday, June 12, 2024, and so far it has fallen -0.561%. Further fall is indicated until a new bottom pivot has been found. Ishares Iii Public Ltd Co - Ishares gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -1.04% to 3.95€ within 3 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for Ishares Iii Public Ltd Co - Ishares ETF
Ishares Iii Public Ltd Co - Ishares finds support from accumulated volume at 3.98€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.0085€ between high and low, or 0.213%. For the last week the ETF has had daily average volatility of 0.0426%.
Our recommended stop-loss: 3.87€ (-3.04%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (AGGE.AS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Ishares Iii Public Limited Company - Ishares Global Aggregate Bond Esg Ucits Etf to open at 3.99€, and during the day (based on 14 day Average True Range), to move between 3.98€ and 4.01€, which gives a possible trading interval of +/-0.0158€ (+/-0.40%) up or down from last closing price. If Ishares Iii Public Limited Company - Ishares Global Aggregate Bond Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3.98€ (0.29%) than the resistance at 4.00€ (0.33%), 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 Iii Public Limited Company - Ishares Global Aggregate Bond Esg Ucits Etf ETF A Buy?
Ishares Iii 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Iii Public Limited Company - Ishares Global Aggregate Bond Esg Ucits Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 3.99€ ( 0.0710%) | 3.99€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGGE.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.00 | 0.284% |
| R2 | 4.00 | 0.203% |
| R1 | 4.00 | 0.152% |
| Price | 3.99 | |
| S1 | 3.99 | -0.0104% |
| S2 | 3.99 | -0.0606% |
| S3 | 3.99 | -0.142% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.02 | 0.601% |
| R2 | 4.01 | 0.438% |
| R1 | 4.00 | 0.326% |
| Price | 3.99 | |
| S1 | 3.98 | -0.288% |
| S2 | 3.96 | -0.752% |
| S3 | 3.95 | -1.13% |
FAQ
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