Ishares Euro Stoxx Mid Ucits Etf ETF Forecast
Ishares Euro Stoxx Mid Ucits Etf ETF price ended at £5,538.00 on Wednesday, after losing 1.11%.
(Updated on Jun 19, 2024)
The Ishares Euro Stoxx Mid Ucits Etf ETF price fell by -1.11% on the last day (Wednesday, 19th Jun 2024) from £5,600.00 to £5,538.00. During the last trading day the ETF fluctuated 0% from a day low at £5,538.00 to a day high of £5,538.00. The price has risen in 5 of the last 10 days but is still down by -6.59% for this period. 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 -2 thousand shares and in total, 0 shares were bought and sold for approximately £0 .
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £5,529.16 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 3.06% during the next 3 months and, with a 90% probability hold a price between £5,698.29 and £6,364.14 at the end of this 3-month period.
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DJMC.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.326%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Euro Stoxx Mid Ucits Etf 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 £5,643.28 and £5,891.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Ishares Euro Stoxx Mid Ucits Etf ETF
Ishares Euro Stoxx Mid Ucits Etf finds support from accumulated volume at £5,520.00 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.577%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DJMC.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Ishares Euro Stoxx Mid Ucits Etf to open at £5,538.00, and during the day (based on 14 day Average True Range), to move between £5,475.88 and £5,600.12, which gives a possible trading interval of +/-£62.12 (+/-1.12%) up or down from last closing price. If Ishares Euro Stoxx Mid Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £5,520.00 (0.33%) than the resistance at £5,833.95 (5.34%), 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 Euro Stoxx Mid Ucits Etf ETF A Buy?
The Ishares Euro Stoxx Mid Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Ishares Euro Stoxx Mid Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.161 Sell Candidate Unchanged
Predicted Opening Price for Ishares Euro Stoxx Mid Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £5,538.00 ( 0%) | £5,538.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DJMC.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,538.00 | - |
| R2 | 5,538.00 | - |
| R1 | 5,538.00 | - |
| Price | 5,538.00 | |
| S1 | 5,538.00 | - |
| S2 | 5,538.00 | - |
| S3 | 5,538.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,105.00 | 10.24% |
| R2 | 6,045.00 | 9.15% |
| R1 | 5,833.95 | 5.34% |
| Price | 5,538.00 | |
| S1 | 5,520.00 | -0.325% |
| S2 | 0 | - |
| S3 | 0 | - |
DJMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 27, 2024 | £6.20 | 0.108% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | £0.120 | 0.0021% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Sep 27, 2023 | £43.92 | 0.85% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 28, 2023 | £80.39 | 1.50% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 29, 2023 | £3.42 | 0.0626% |
FAQ
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