Ishares Msci Japan Esg Enhanced Ucits ETF Forecast
Ishares Msci Japan Esg Enhanced Ucits ETF price down 0.0348% on Thursday
(Updated on Jun 27, 2024)
The Ishares Msci Japan Esg Enhanced Ucits ETF price fell by -0.0348% on the last day (Thursday, 27th Jun 2024) from 5.75€ to 5.75€. During the last trading day the ETF fluctuated 0.89% from a day low at 5.74€ to a day high of 5.79€. The price has risen in 6 of the last 10 days and is up by 1.14% over the past 2 weeks. Volume has increased on the last day by 508 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 22 thousand shares were bought and sold for approximately 126.90€ thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.46% during the next 3 months and, with a 90% probability hold a price between 5.32€ and 5.65€ 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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EMNJ.F Signals & Forecast
There are mixed signals in the ETF today. The Ishares Msci Japan Esg Enhanced Ucits ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 5.75€. On a fall, the ETF will find some support from the short-term average at 5.68€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Msci Japan Esg Enhanced Ucits 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". A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.26%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Ishares Msci Japan Esg Enhanced Ucits ETF
Ishares Msci Japan Esg Enhanced Ucits finds support from accumulated volume at 5.71€ 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 0.0510€ between high and low, or 0.89%. For the last week the ETF has had daily average volatility of 0.522%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EMNJ.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares Msci Japan Esg Enhanced Ucits Etf to open at 5.76€, and during the day (based on 14 day Average True Range), to move between 5.70€ and 5.80€, which gives a possible trading interval of +/-0.0496€ (+/-0.86%) 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 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 5.71€ (0.70%) than the resistance at 5.82€ (1.24%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -3.027 Sell Candidate Unchanged
Predicted Opening Price for Ishares Msci Japan Esg Enhanced Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 5.76€ ( 0.168%) | 5.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMNJ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.81 | 1.06% |
| R2 | 5.79 | 0.717% |
| R1 | 5.78 | 0.507% |
| Price | 5.75 | |
| S1 | 5.74 | -0.171% |
| S2 | 5.72 | -0.380% |
| S3 | 5.70 | -0.719% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.96 | 3.72% |
| R2 | 5.94 | 3.38% |
| R1 | 5.82 | 1.24% |
| Price | 5.75 | |
| S1 | 5.71 | -0.696% |
| S2 | 5.66 | -1.50% |
| S3 | 5.63 | -2.04% |
EMNJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | 0.0429€ | 0% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 28, 2023 | 0.0523€ | 0% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 30, 2022 | 0.0445€ | 0% |
| 4 | Jun 16, 2022 | Jun 16, 2022 | Jun 29, 2022 | 0.0579€ | 0% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 31, 2021 | 0.0468€ | 0% |
FAQ
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