Ishares Global Govt Bond Climate Ucits ETF Forecast
Red day on Thursday for Ishares Global Govt Bond Climate Ucits ETF after losing 0.336%
(Updated on Jun 27, 2024)
The Ishares Global Govt Bond Climate Ucits ETF price fell by -0.336% on the last day (Thursday, 27th Jun 2024) from 3.72€ to 3.71€. During the last trading day the ETF fluctuated 0.337% from a day low at 3.71€ to a day high of 3.72€. The price has fallen in 7 of the last 10 days and is down by -0.74% for this period.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares Global Govt Bond Climate Ucits ETF with a 90% probability to be traded between 3.67€ and 3.77€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CGGD.AS Signals & Forecast
There are mixed signals in the ETF today. The Ishares Global Govt Bond Climate Ucits 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 3.73€ and 3.74€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.189%. 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).
Support, Risk & Stop-loss for Ishares Global Govt Bond Climate Ucits ETF
Ishares Global Govt Bond Climate Ucits finds support from accumulated volume at 3.70€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.0125€ between high and low, or 0.337%. For the last week the ETF has had daily average volatility of 0.0979%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGGD.AS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares Global Govt Bond Climate Ucits Etf to open at 3.71€, and during the day (based on 14 day Average True Range), to move between 3.70€ and 3.72€, which gives a possible trading interval of +/-0.0144€ (+/-0.39%) up or down from last closing price. If Ishares Global Govt Bond Climate Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3.70€ (0.19%) than the resistance at 3.77€ (1.67%), 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 Global Govt Bond Climate Ucits Etf ETF A Buy?
Ishares Global Govt Bond Climate Ucits holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.675 Sell Candidate Unchanged
Predicted Opening Price for Ishares Global Govt Bond Climate Ucits Etf of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
3.71€ ( 0.112%) | 3.71€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGGD.AS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.73 | 0.449% |
R2 | 3.72 | 0.320% |
R1 | 3.72 | 0.241% |
Price | 3.71 | |
S1 | 3.71 | -0.0164% |
S2 | 3.71 | -0.0959% |
S3 | 3.70 | -0.225% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.79 | 2.26% |
R2 | 3.78 | 1.99% |
R1 | 3.77 | 1.67% |
Price | 3.71 | |
S1 | 3.70 | -0.191% |
S2 | 3.69 | -0.555% |
S3 | 3.68 | -0.714% |
FAQ
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