Ishares Vii Plc - Ishares Msci Mexico ETF Forecast
Red day on Friday for Ishares Vii Plc - Ishares Msci Mexico
(Updated on Jun 28, 2024)
The Ishares Vii Plc - Ishares Msci Mexico ETF price fell by -0.187% on the last day (Friday, 28th Jun 2024) from 138.68€ to 138.42€. During the last trading day the ETF fluctuated 1.12% from a day low at 137.94€ to a day high of 139.48€. The price has been going up and down for this period, and there has been a 1.88% gain for the last 2 weeks. Volume has increased on the last day by 30 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, 563 shares were bought and sold for approximately 77.93€ thousand.
The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -17.65% during the next 3 months and, with a 90% probability hold a price between 106.08€ and 123.59€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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 2.50%. 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 139.61€ and 148.88€. 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 1.54€ between high and low, or 1.12%. For the last week, the ETF has had daily average volatility of 1.61%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Vii Plc - Ishares Msci Mexico Capped Ucits Etf to open at 138.61€, and during the day (based on 14 day Average True Range), to move between 135.42€ and 141.42€, which gives a possible trading interval of +/-3.00€ (+/-2.17%) 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 4.34% 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€ (0.87%) than the support at 135.86€ (1.85%), 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.
Current score: -2.708 Sell Candidate Unchanged
Predicted Opening Price for Ishares Vii Plc - Ishares Msci Mexico Capped Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
138.61€ ( 0.140%) | 138.42€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEBG.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 140.15 | 1.25% |
R2 | 139.57 | 0.83% |
R1 | 139.20 | 0.565% |
Price | 138.42 | |
S1 | 138.03 | -0.285% |
S2 | 137.66 | -0.548% |
S3 | 137.07 | -0.97% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 142.80 | 3.16% |
R2 | 142.78 | 3.15% |
R1 | 139.62 | 0.87% |
Price | 138.42 | |
S1 | 135.86 | -1.85% |
S2 | 135.16 | -2.36% |
S3 | 135.04 | -2.44% |
FAQ
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