Ishares J.p. Morgan $ Em Bond Eur Hedged ETF Forecast

Weaker technical forecast for Ishares J.p. Morgan $ Em Bond Eur Hedged as ETF downgraded to Sell Candidate.
(Updated on Jun 19, 2024)

EMBE.L Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares J.p. Morgan $ Em Bond Eur Hedged 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 66.35€ and 66.33€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.19%. Further fall is indicated until a new bottom pivot has been found. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -2.25% to 64.60€ within 19 trading days since signal was issued (Tuesday, July 09, 2024).

Support, Risk & Stop-loss for Ishares J.p. Morgan $ Em Bond Eur Hedged ETF

Ishares J.p. Morgan $ Em Bond Eur Hedged finds support from accumulated volume at 65.59€ 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 0.502%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EMBE.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Ishares J.p. Morgan $ Em Bond Eur Hedged Ucits Etf (dist) to open at 66.08€, and during the day (based on 14 day Average True Range), to move between 65.66€ and 66.50€, which gives a possible trading interval of +/-0.420€ (+/-0.64%) up or down from last closing price. If Ishares J.p. Morgan $ Em Bond Eur Hedged Ucits Etf (dist) takes out the full calculated possible swing range there will be an estimated 1.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 66.21€ (0.20%) than the support at 65.59€ (0.74%), 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 J.p. Morgan $ Em Bond Eur Hedged Ucits Etf (dist) ETF A Buy?

Ishares J.p. Morgan $ Em Bond Eur Hedged holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.958 Sell Candidate Downgraded

Predicted Opening Price for Ishares J.p. Morgan $ Em Bond Eur Hedged Ucits Etf (dist) of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.