Ishares Msci Japan Esg Enhanced Ucits ETF Forecast
Green day on Wednesday for Ishares Msci Japan Esg Enhanced Ucits
(Updated on Jun 26, 2024)
The Ishares Msci Japan Esg Enhanced Ucits ETF price gained 0.209% on the last trading day (Wednesday, 26th Jun 2024), rising from 6.23€ to 6.25€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.80% from a day low at 6.24€ to a day high of 6.29€. The price has risen in 6 of the last 10 days but is still down by -0.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 448 thousand more shares were traded than the day before. In total, 502 thousand shares were bought and sold for approximately 3.14€ million.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 6.31€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -3.11% during the next 3 months and, with a 90% probability hold a price between 5.77€ and 6.11€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EDMJ.F Signals & Forecast
The Ishares Msci Japan Esg Enhanced Ucits ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 6.16€ and 6.21€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.28%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-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
The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-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.
A buy signal from a double bottom formation was found on Friday, June 21, 2024 and based on theory for this formation the price should go up by 1.15% to 6.32€ within 40 trading days since signal was issued (Friday, August 16, 2024).
Support, Risk & Stop-loss for Ishares Msci Japan Esg Enhanced Ucits ETF
Ishares Msci Japan Esg Enhanced Ucits finds support from accumulated volume at 6.23€ 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 0.0500€ between high and low, or 0.80%. For the last week the ETF has had daily average volatility of 0.493%.
Our recommended stop-loss: 5.89€ (-5.66%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (EDMJ.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Msci Japan Esg Enhanced Ucits Etf to open at 6.26€, and during the day (based on 14 day Average True Range), to move between 6.19€ and 6.30€, which gives a possible trading interval of +/-0.0588€ (+/-0.94%) up or down from last closing price. If Ishares Msci Japan Esg Enhanced Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 6.23€ (0.26%) than the resistance at 6.27€ (0.40%), 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 Msci Japan Esg Enhanced Ucits Etf ETF A Buy?
Ishares Msci Japan Esg Enhanced Ucits holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.461 Hold/Accumulate Unchanged
Predicted Opening Price for Ishares Msci Japan Esg Enhanced Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 6.26€ ( 0.245%) | 6.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDMJ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.31 | 1.05% |
| R2 | 6.29 | 0.740% |
| R1 | 6.28 | 0.551% |
| Price | 6.25 | |
| S1 | 6.24 | -0.0603% |
| S2 | 6.23 | -0.249% |
| S3 | 6.21 | -0.555% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.41 | 2.63% |
| R2 | 6.40 | 2.47% |
| R1 | 6.27 | 0.400% |
| Price | 6.25 | |
| S1 | 6.23 | -0.256% |
| S2 | 6.20 | -0.736% |
| S3 | 6.19 | -0.90% |
FAQ
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