Ossiam Shiller Barclays Cape Us Sector ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ossiam Shiller Barclays Cape Us Sector ETF downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Ossiam Shiller Barclays Cape Us Sector ETF price gained 0.564% on the last trading day (Friday, 28th Jun 2024), rising from £108,274.00 to £108,884.50. During the last trading day the ETF fluctuated 0.553% from a day low at £108,721.00 to a day high of £109,322.00. The price has risen in 7 of the last 10 days and is up by 2.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 177 more shares were traded than the day before. In total, 177 shares were bought and sold for approximately £19.27 million.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £108,691.16 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach £112,051.27 sometime during the next 3 months.
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CAPU.L Signals & Forecast
The Ossiam Shiller Barclays Cape Us Sector ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £108,218.21 and £106,935.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 3.80%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Monday, June 17, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Monday, June 17, 2024 in the short-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.
A buy signal from a double bottom formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should go up by 0.95% to £109,922.47 within 29 trading days since signal was issued (Wednesday, July 10, 2024).
Support, Risk & Stop-loss for Ossiam Shiller Barclays Cape Us Sector ETF
Ossiam Shiller Barclays Cape Us Sector finds support from accumulated volume at £106,799.50 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 £601.00 between high and low, or 0.553%. For the last week the ETF has had daily average volatility of 0.558%.
Our recommended stop-loss: £103,801.61 (-4.67%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (CAPU.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ossiam Shiller Barclays Cape Us Sector Value Tr to open at £108,975.83, and during the day (based on 14 day Average True Range), to move between £108,079.74 and £109,689.26, which gives a possible trading interval of +/-£804.76 (+/-0.74%) up or down from last closing price. If Ossiam Shiller Barclays Cape Us Sector Value Tr takes out the full calculated possible swing range there will be an estimated 1.48% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £106,799.50, some £2,085.00 (1.91%) from the current price of £108,884.50, our system finds the risk reward attractive.
Is Ossiam Shiller Barclays Cape Us Sector Value Tr ETF A Buy?
Ossiam Shiller Barclays Cape Us Sector 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. 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 Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Ossiam Shiller Barclays Cape Us Sector Value Tr of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £108,975.83 ( 0.0839%) | £108,884.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAPU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 109,576.83 | 0.636% |
| R2 | 109,347.25 | 0.425% |
| R1 | 109,205.42 | 0.295% |
| Price | 108,884.50 | |
| S1 | 108,746.25 | -0.127% |
| S2 | 108,604.42 | -0.257% |
| S3 | 108,374.83 | -0.468% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 108,884.50 | |
| S1 | 106,799.50 | -1.91% |
| S2 | 106,612.50 | -2.09% |
| S3 | 105,021.50 | -3.55% |
FAQ
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