Ishares Vii Plc - Ishares Msci Mexico ETF Forecast

Evaluation of Ishares Vii Plc - Ishares Msci Mexico ETF downgraded after the last trading session.
(Updated on Jun 27, 2024)

CEBG.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 2.70%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Vii Plc - Ishares Msci Mexico 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 139.71€ and 149.65€. A break-up above any of these levels will issue buy signals. Ishares Vii Plc - Ishares Msci Mexico 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 Ishares Vii Plc - Ishares Msci Mexico ETF

Ishares Vii Plc - Ishares Msci Mexico finds support from accumulated volume at 135.86€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 3.18€ between high and low, or 2.31%. For the last week, the ETF has had daily average volatility of 1.52%.

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

Trading Expectations (CEBG.F) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Ishares Vii Plc - Ishares Msci Mexico Capped Ucits Etf to open at 138.97€, and during the day (based on 14 day Average True Range), to move between 135.57€ and 141.79€, which gives a possible trading interval of +/-3.11€ (+/-2.25%) up or down from last closing price. If Ishares Vii Plc - Ishares Msci Mexico Capped Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 139.62€ (0.68%) than the support at 135.86€ (2.03%), 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 Ishares Vii Plc - Ishares Msci Mexico Capped Ucits Etf ETF A Buy?

Ishares Vii Plc - Ishares Msci Mexico holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.

Current score: -1.996 Sell Candidate Downgraded

Predicted Opening Price for Ishares Vii Plc - Ishares Msci Mexico Capped Ucits Etf of Friday, June 28, 2024

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