Ishares J.p. Morgan $ Em Bond Eur Hedged ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Ishares J.p. Morgan $ Em Bond Eur Hedged ETF downgraded after the last trading session.
(Updated on Jun 27, 2024)
No changes to the price of Ishares J.p. Morgan $ Em Bond Eur Hedged ETF on the last trading day (Thursday, 27th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at 66.14€ to a day high of 66.14€. The price has fallen in 6 of the last 10 days and is down by -1.11% for this period.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares J.p. Morgan $ Em Bond Eur Hedged ETF with a 90% probability to be traded between 65.30€ and 67.34€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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. 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 66.32€ and 66.38€. 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 -1.11%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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 -2.33% 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 0.301%
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares J.p. Morgan $ Em Bond Eur Hedged Ucits Etf (dist) to open at 66.14€, and during the day (based on 14 day Average True Range), to move between 65.78€ and 66.49€, which gives a possible trading interval of +/-0.350€ (+/-0.53%) 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 1.06% 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€ (0.11%) than the support at 65.59€ (0.82%), 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: -1.377 Sell Candidate Downgraded
Predicted Opening Price for Ishares J.p. Morgan $ Em Bond Eur Hedged Ucits Etf (dist) of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 66.14€ ( 0%) | 66.14€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMBE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.14 | - |
| R2 | 66.14 | - |
| R1 | 66.14 | - |
| Price | 66.14 | |
| S1 | 66.14 | - |
| S2 | 66.14 | - |
| S3 | 66.14 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.76 | 0.95% |
| R2 | 66.35 | 0.325% |
| R1 | 66.21 | 0.113% |
| Price | 66.14 | |
| S1 | 65.59 | -0.82% |
| S2 | 65.27 | -1.31% |
| S3 | 65.01 | -1.70% |
EMBE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 30, 2024 | 0.308€ | 0.466% |
| 2 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | 0.312€ | 0.478% |
| 3 | Mar 14, 2024 | Mar 14, 2024 | Mar 27, 2024 | 0.348€ | 0.518% |
| 4 | Feb 15, 2024 | Feb 15, 2024 | Feb 28, 2024 | 0.307€ | 0.465% |
| 5 | Jan 11, 2024 | Jan 11, 2024 | Jan 24, 2024 | 0.309€ | 0.473% |
FAQ
Click here for our free guide on how to buy Ishares J.p. Morgan $ Em Bond Eur Hedged Ucits Etf (dist) ETF.
