Ishares Core Spi Etf (ch) ETF Forecast
Ishares Core Spi Etf (ch) ETF price down 0.125% on Friday
(Updated on Jun 28, 2024)
The Ishares Core Spi Etf (ch) ETF price fell by -0.125% on the last day (Friday, 28th Jun 2024) from 144.46 Fr to 144.28 Fr. During the last trading day the ETF fluctuated 0.541% from a day low at 144.10 Fr to a day high of 144.88 Fr. The price has been going up and down for this period, and there has been a -0.25% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -3 thousand shares and in total, 41 thousand shares were bought and sold for approximately 5.94 Fr million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.05% during the next 3 months and, with a 90% probability hold a price between 152.26 Fr and 160.50 Fr at the end of this 3-month period.
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CHSPI.SW Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Core Spi Etf (ch) 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 144.91 Fr and 144.70 Fr. 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 06, 2024, and so far it has fallen -2.05%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ishares Core Spi Etf (ch) ETF
Ishares Core Spi Etf (ch) finds support from accumulated volume at 142.24 Fr 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 0.780 Fr between high and low, or 0.541%. For the last week the ETF has had daily average volatility of 0.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHSPI.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Core Spi Etf (ch) to open at 144.42 Fr, and during the day (based on 14 day Average True Range), to move between 142.92 Fr and 145.64 Fr, which gives a possible trading interval of +/-1.36 Fr (+/-0.94%) up or down from last closing price. If Ishares Core Spi Etf (ch) takes out the full calculated possible swing range there will be an estimated 1.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 144.68 Fr (0.28%) than the support at 142.24 Fr (1.41%), 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 Core Spi Etf (ch) ETF A Buy?
The Ishares Core Spi Etf (ch) ETF holds several negative signals and despite the positive trend, we believe Ishares Core Spi Etf (ch) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -4.135 Sell Candidate Unchanged
Predicted Opening Price for Ishares Core Spi Etf (ch) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 144.42 Fr ( 0.0970%) | 144.28 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHSPI.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 145.20 | 0.638% |
| R2 | 144.90 | 0.431% |
| R1 | 144.72 | 0.304% |
| Price | 144.28 | |
| S1 | 144.12 | -0.109% |
| S2 | 143.94 | -0.237% |
| S3 | 143.64 | -0.444% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 146.26 | 1.37% |
| R2 | 146.14 | 1.29% |
| R1 | 144.68 | 0.277% |
| Price | 144.28 | |
| S1 | 142.24 | -1.41% |
| S2 | 138.28 | -4.16% |
| S3 | 135.60 | -6.02% |
FAQ
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