FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX 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 FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX ETF downgraded after the last trading session.
(Updated on May 01, 2024)
No changes to the price of FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX ETF on the last trading day (Wednesday, 1st May 2024). During the last trading day the ETF fluctuated 0% from a day low at $156.86 to a day high of $156.86. The price has risen in 4 of the last 10 days and is up by 0.58% over the past 2 weeks.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $155.41 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX ETF with a 90% probability to be traded between $156.98 and $165.15 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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ESGG Signals & Forecast
There are few to no technical positive signals at the moment. The FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX 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 $157.27 and $159.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX ETF
FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX finds support from accumulated volume at $156.18 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 0.106%
Our recommended stop-loss: $149.67 (-4.58%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ESGG) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND to open at $156.86, and during the day (based on 14 day Average True Range), to move between $155.80 and $157.92, which gives a possible trading interval of +/-$1.06 (+/-0.67%) up or down from last closing price. If FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $156.18 (0.43%) than the resistance at $157.59 (0.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND ETF A Buy?
FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: -0.994 Hold/Accumulate Downgraded
Predicted Opening Price for FLEXSHARES STOXX GLOBAL ESG IMPACT INDEX FUND of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $156.86 ( 0%) | $156.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESGG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 156.86 | . | |
| R2 | 156.86 | . | ||
| R1 | 156.86 | . | ||
| Current price: | 156.86 | |||
| Support | S1 | 156.86 | . | |
| S2 | 156.86 | . | ||
| S3 | 156.86 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.99 | 3.27 % | |
| R2 | 160.11 | 2.07 % | ||
| R1 | 157.59 | 0.467 % | ||
| Current price | 156.86 | |||
| Support | S1 | 156.18 | -0.433% | |
| S2 | 156.13 | -0.464% | ||
| S3 | 154.98 | -1.20% |
ESGG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 21, 2024 | $0.271 | 0.167% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.762 | 0.518% |
| 3 | Sep 14, 2023 | Sep 15, 2023 | Sep 21, 2023 | $0.459 | 0.336% |
| 4 | Jun 15, 2023 | Jun 16, 2023 | Jun 23, 2023 | $1.06 | 0.774% |
| 5 | Mar 16, 2023 | Mar 17, 2023 | Mar 23, 2023 | $0.302 | 0.237% |
FAQ
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