Ishares Edge Msci Europe Momentum Factor 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
Red day on Friday for Ishares Edge Msci Europe Momentum Factor ETF after losing 0.0896%
(Updated on Jun 28, 2024)
The Ishares Edge Msci Europe Momentum Factor ETF price fell by -0.0896% on the last day (Friday, 28th Jun 2024) from 11.16€ to 11.15€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.646% from a day low at 11.14€ to a day high of 11.22€. The price has fallen in 6 of the last 10 days but is still up by 1.05% over the past 2 weeks. Volume has increased on the last day by 26 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, 53 thousand shares were bought and sold for approximately 595.50€ 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 11.11€ 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 6.21% during the next 3 months and, with a 90% probability hold a price between 11.79€ and 12.26€ at the end of this 3-month period.
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CEMR.F Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Edge Msci Europe Momentum Factor 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 11.20€ and 11.21€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -2.28%. 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 Momentum 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". The ETF had a Golden Star Signal on Wednesday, July 19, 2023 in the long-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 12 Months
The ETF had a Golden Star Signal on Wednesday, July 19, 2023 in the long-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.
Support, Risk & Stop-loss for Ishares Edge Msci Europe Momentum Factor ETF
Ishares Edge Msci Europe Momentum Factor finds support from accumulated volume at 11.13€ 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 0.0720€ between high and low, or 0.646%. For the last week the ETF has had daily average volatility of 0.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CEMR.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Edge Msci Europe Momentum Factor Ucits Etf to open at 11.17€, and during the day (based on 14 day Average True Range), to move between 11.03€ and 11.27€, which gives a possible trading interval of +/-0.118€ (+/-1.06%) up or down from last closing price. If Ishares Edge Msci Europe Momentum Factor Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 11.13€ (0.20%) than the resistance at 11.20€ (0.43%), 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 Edge Msci Europe Momentum Factor Ucits Etf ETF A Buy?
The Ishares Edge Msci Europe Momentum Factor ETF holds several negative signals and despite the positive trend, we believe Ishares Edge Msci Europe Momentum Factor will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.115 Sell Candidate Unchanged
Predicted Opening Price for Ishares Edge Msci Europe Momentum Factor Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 11.17€ ( 0.179%) | 11.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEMR.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.24 | 0.83% |
| R2 | 11.21 | 0.578% |
| R1 | 11.20 | 0.426% |
| Price | 11.15 | |
| S1 | 11.14 | -0.0673% |
| S2 | 11.13 | -0.220% |
| S3 | 11.10 | -0.466% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.38 | 2.03% |
| R2 | 11.25 | 0.90% |
| R1 | 11.20 | 0.430% |
| Price | 11.15 | |
| S1 | 11.13 | -0.197% |
| S2 | 10.85 | -2.69% |
| S3 | 10.54 | -5.47% |
FAQ
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