Ishares Edge Msci Europe Quality Factor ETF Forecast
Evaluation of Ishares Edge Msci Europe Quality Factor ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Ishares Edge Msci Europe Quality Factor ETF price fell by -0.264% on the last day (Friday, 28th Jun 2024) from 10.60€ to 10.58€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.700% from a day low at 10.57€ to a day high of 10.64€. The price has fallen in 6 of the last 10 days and is down by -0.04% for this period. Volume has increased on the last day by 69 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, 83 thousand shares were bought and sold for approximately 880.65€ thousand.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 10.55€ 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 7.10% during the next 3 months and, with a 90% probability hold a price between 11.30€ and 11.57€ at the end of this 3-month period.
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CEMQ.F Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Edge Msci Europe Quality Factor ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 10.66€ and 10.58€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.47%. 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). Ishares Edge Msci Europe Quality Factor 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 Edge Msci Europe Quality Factor ETF
Ishares Edge Msci Europe Quality Factor finds support from accumulated volume at 10.31€ 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 0.0740€ between high and low, or 0.700%. For the last week the ETF has had daily average volatility of 0.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CEMQ.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Edge Msci Europe Quality Factor Ucits Etf to open at 10.59€, and during the day (based on 14 day Average True Range), to move between 10.49€ and 10.66€, which gives a possible trading interval of +/-0.0861€ (+/-0.81%) up or down from last closing price. If Ishares Edge Msci Europe Quality Factor Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.65€ (0.70%) than the support at 10.31€ (2.52%), 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 Edge Msci Europe Quality Factor Ucits Etf ETF A Buy?
The Ishares Edge Msci Europe Quality Factor ETF holds several negative signals and despite the positive trend, we believe Ishares Edge Msci Europe Quality Factor 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: -3.865 Sell Candidate Downgraded
Predicted Opening Price for Ishares Edge Msci Europe Quality Factor Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 10.59€ ( 0.170%) | 10.58€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEMQ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.67 | 0.87% |
| R2 | 10.64 | 0.603% |
| R1 | 10.62 | 0.437% |
| Price | 10.58 | |
| S1 | 10.57 | -0.0971% |
| S2 | 10.55 | -0.262% |
| S3 | 10.52 | -0.530% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.71 | 1.27% |
| R2 | 10.67 | 0.89% |
| R1 | 10.65 | 0.700% |
| Price | 10.58 | |
| S1 | 10.31 | -2.52% |
| S2 | 10.20 | -3.56% |
| S3 | 10.15 | -4.03% |
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