Credit Suisse Index Fund (ie) Etf Icav - ETF Forecast
Green day on Friday for Credit Suisse Index Fund (ie) Etf Icav -
(Updated on Jun 28, 2024)
The Credit Suisse Index Fund (ie) Etf Icav - ETF price gained 0.531% on the last trading day (Friday, 28th Jun 2024), rising from 195.78€ to 196.82€. During the last trading day the ETF fluctuated 0.142% from a day low at 196.54€ to a day high of 196.82€. The price has risen in 7 of the last 10 days and is up by 1.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 more shares were traded than the day before. In total, 36 shares were bought and sold for approximately 7.09€ thousand.
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 7.26% during the next 3 months and, with a 90% probability hold a price between 204.03€ and 216.53€ at the end of this 3-month period.
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CSY7.F Signals & Forecast
Mostly positive signals in the chart today. The Credit Suisse Index Fund (ie) Etf Icav - ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 196.07€ and 192.79€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 9.56%. 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). Credit Suisse Index Fund (ie) Etf Icav - has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Credit Suisse Index Fund (ie) Etf Icav - ETF
Credit Suisse Index Fund (ie) Etf Icav - finds support from accumulated volume at 195.62€ 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 0.280€ between high and low, or 0.142%. For the last week the ETF has had daily average volatility of 0.456%.
Our recommended stop-loss: 189.62€ (-3.66%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 68 days ago.)
Trading Expectations (CSY7.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Credit Suisse Index Fund (ie) Etf Icav - Csif (ie) Msci World Esg Leaders Blue Ucits Etf to open at 196.73€, and during the day (based on 14 day Average True Range), to move between 195.62€ and 198.02€, which gives a possible trading interval of +/-1.20€ (+/-0.61%) up or down from last closing price. If Credit Suisse Index Fund (ie) Etf Icav - Csif (ie) Msci World Esg Leaders Blue Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 195.62€, some 1.20€ (0.61%) from the current price of 196.82€, our system finds the risk reward attractive.
Is Credit Suisse Index Fund (ie) Etf Icav - Csif (ie) Msci World Esg Leaders Blue Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Credit Suisse Index Fund (ie) Etf Icav - ETF to perform well in the short-term.
Current score: 4.372 Buy Candidate Unchanged
Predicted Opening Price for Credit Suisse Index Fund (ie) Etf Icav - Csif (ie) Msci World Esg Leaders Blue Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 196.73€ ( 0.0474%) | 196.82€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSY7.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 197.01 | 0.0948% |
| R2 | 196.90 | 0.0405% |
| R1 | 196.83 | 0.0069% |
| Price | 196.82 | |
| S1 | 196.62 | -0.102% |
| S2 | 196.55 | -0.135% |
| S3 | 196.45 | -0.190% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 196.82 | |
| S1 | 195.62 | -0.610% |
| S2 | 190.84 | -3.04% |
| S3 | 182.74 | -7.15% |
FAQ
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