Ishares J.p. Morgan $ Em Bond Ucits Etf ETF Forecast

Evaluation of Ishares J.p. Morgan $ Em Bond Ucits Etf ETF downgraded after the last trading session.
(Updated on Jun 26, 2024)

EMHG.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 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 £3.63 and £3.63. 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 -1.07%. Further fall is indicated until a new bottom pivot has been found. Ishares J.p. Morgan $ Em Bond Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

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 -2.55% to £3.53 within 18 trading days since signal was issued (Monday, July 08, 2024).

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

Ishares J.p. Morgan $ Em Bond Ucits Etf finds support from accumulated volume at £3.58 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 £0.0200 between high and low, or 0.553%. For the last week the ETF has had daily average volatility of 0.508%.

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

Trading Expectations (EMHG.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Ishares J.p. Morgan $ Em Bond Ucits Etf to open at £3.63, and during the day (based on 14 day Average True Range), to move between £3.60 and £3.65, which gives a possible trading interval of +/-£0.0250 (+/-0.69%) up or down from last closing price. If Ishares J.p. Morgan $ Em Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £3.64 (0.51%) than the support at £3.58 (1.15%), 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 Ucits Etf ETF A Buy?

Ishares J.p. Morgan $ Em Bond Ucits Etf 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 Buy to a Sell candidate.

Current score: -1.483 Sell Candidate Downgraded

Predicted Opening Price for Ishares J.p. Morgan $ Em Bond Ucits Etf of Thursday, June 27, 2024

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