Ishares Bric 50 Ucits Etf ETF Forecast
Red day on Friday for Ishares Bric 50 Ucits Etf
(Updated on Jun 28, 2024)
The Ishares Bric 50 Ucits Etf ETF price fell by -1.32% on the last day (Friday, 28th Jun 2024) from £1,498.25 to £1,478.50. During the last trading day the ETF fluctuated 0.81% from a day low at £1,473.00 to a day high of £1,485.00. The price has fallen in 5 of the last 10 days and is down by -0.94% for this period. Volume has increased on the last day by 334 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, 334 shares were bought and sold for approximately £493.82 thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £1,466.38 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 7.07% during the next 3 months and, with a 90% probability hold a price between £1,570.04 and £1,816.44 at the end of this 3-month period.
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BRIC.L Signals & Forecast
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 Bric 50 Ucits Etf 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 £1,501.61 and £1,540.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -10.14%. Further fall is indicated until a new bottom pivot has been found. Ishares Bric 50 Ucits Etf 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".
Support, Risk & Stop-loss for Ishares Bric 50 Ucits Etf ETF
Ishares Bric 50 Ucits Etf finds support from accumulated volume at £1,471.75 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 £12.00 between high and low, or 0.81%. For the last week the ETF has had daily average volatility of 0.240%.
Our recommended stop-loss: £1,399.55 (-5.34%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (BRIC.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Bric 50 Ucits Etf to open at £1,478.83, and during the day (based on 14 day Average True Range), to move between £1,463.15 and £1,493.85, which gives a possible trading interval of +/-£15.35 (+/-1.04%) up or down from last closing price. If Ishares Bric 50 Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,471.75 (0.46%) than the resistance at £1,494.75 (1.10%), 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 Bric 50 Ucits Etf ETF A Buy?
Ishares Bric 50 Ucits Etf 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 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 Bric 50 Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £1,478.83 ( 0.0225%) | £1,478.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRIC.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,490.83 | 0.83% |
| R2 | 1,486.25 | 0.524% |
| R1 | 1,483.42 | 0.333% |
| Price | 1,478.50 | |
| S1 | 1,474.25 | -0.287% |
| S2 | 1,471.42 | -0.479% |
| S3 | 1,466.83 | -0.789% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,624.00 | 9.84% |
| R2 | 1,618.00 | 9.44% |
| R1 | 1,494.75 | 1.10% |
| Price | 1,478.50 | |
| S1 | 1,471.75 | -0.457% |
| S2 | 1,429.00 | -3.35% |
| S3 | 1,397.50 | -5.48% |
BRIC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 30, 2024 | £11.59 | 0.759% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 29, 2023 | £0.250 | 0.0173% |
| 3 | May 19, 2023 | May 19, 2023 | May 30, 2023 | £13.15 | 0.90% |
| 4 | Nov 17, 2022 | Nov 17, 2022 | Nov 30, 2022 | £48.41 | 2.96% |
| 5 | May 12, 2022 | May 12, 2022 | May 25, 2022 | £12.55 | 0.758% |
FAQ
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