Ubs (irl) Fund Solutions Plc - Bloomberg ETF Forecast
Evaluation of Ubs (irl) Fund Solutions Plc - Bloomberg ETF downgraded after the last trading session.
(Updated on Jun 24, 2024)
The Ubs (irl) Fund Solutions Plc - Bloomberg ETF price fell by -2.17% on the last day (Monday, 24th Jun 2024) from $16.38 to $16.02. During the last trading day the ETF fluctuated 0% from a day low at $16.02 to a day high of $16.02. The price has fallen in 4 of the last 10 days and is down by -0.31% for this period. Volume has increased on the last day by 2 thousand 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, 2 thousand shares were bought and sold for approximately $31.98 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.85 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.66% during the next 3 months and, with a 90% probability hold a price between $16.28 and $17.44 at the end of this 3-month period.
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BCCU.L Signals & Forecast
There are few to no technical positive signals at the moment. The Ubs (irl) Fund Solutions Plc - Bloomberg 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 $16.15 and $16.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -4.81%. 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). Ubs (irl) Fund Solutions Plc - Bloomberg 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.
Support, Risk & Stop-loss for Ubs (irl) Fund Solutions Plc - Bloomberg ETF
Ubs (irl) Fund Solutions Plc - Bloomberg finds support from accumulated volume at $15.95 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BCCU.L) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Ubs (irl) Fund Solutions Plc - Bloomberg Commodity Cmci Sf Ucits Etf to open at $16.02, and during the day (based on 14 day Average True Range), to move between $15.89 and $16.15, which gives a possible trading interval of +/-$0.127 (+/-0.79%) up or down from last closing price. If Ubs (irl) Fund Solutions Plc - Bloomberg Commodity Cmci Sf Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.08 (0.34%) than the support at $15.95 (0.44%), 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 Ubs (irl) Fund Solutions Plc - Bloomberg Commodity Cmci Sf Ucits Etf ETF A Buy?
The Ubs (irl) Fund Solutions Plc - Bloomberg ETF holds several negative signals and despite the positive trend, we believe Ubs (irl) Fund Solutions Plc - Bloomberg will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -2.324 Sell Candidate Downgraded
Predicted Opening Price for Ubs (irl) Fund Solutions Plc - Bloomberg Commodity Cmci Sf Ucits Etf of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $16.02 ( 0%) | $16.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCCU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.02 | - |
| R2 | 16.02 | - |
| R1 | 16.02 | - |
| Price | 16.02 | |
| S1 | 16.02 | - |
| S2 | 16.02 | - |
| S3 | 16.02 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.59 | 3.56% |
| R2 | 16.11 | 0.562% |
| R1 | 16.08 | 0.343% |
| Price | 16.02 | |
| S1 | 15.95 | -0.437% |
| S2 | 15.78 | -1.50% |
| S3 | 15.52 | -3.12% |
FAQ
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