Ishares Msci Europe Energy Sector Ucits ETF Forecast

Ishares Msci Europe Energy Sector Ucits ETF price ended at 10.96€ on Friday, after losing 0.382%.
(Updated on Jun 21, 2024)

ESIE.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.03%. Further rise is indicated until a new top pivot has been found. 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 Msci Europe Energy Sector 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 11.17€. On a fall, the ETF will find some support from the short-term average at 10.87€. 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. Ishares Msci Europe Energy Sector 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".

Support, Risk & Stop-loss for Ishares Msci Europe Energy Sector Ucits ETF

Ishares Msci Europe Energy Sector Ucits finds support from accumulated volume at 10.96€ 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 0.0720€ between high and low, or 0.659%. For the last week the ETF has had daily average volatility of 0.756%.

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

Trading Expectations (ESIE.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Ishares Msci Europe Energy Sector Ucits Etf to open at 10.97€, and during the day (based on 14 day Average True Range), to move between 10.83€ and 11.09€, which gives a possible trading interval of +/-0.125€ (+/-1.14%) up or down from last closing price. If Ishares Msci Europe Energy Sector Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 10.96€ (0.02%) than the resistance at 11.21€ (2.32%), 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 Europe Energy Sector Ucits Etf ETF A Buy?

Ishares Msci Europe Energy Sector 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: -1.656 Sell Candidate Unchanged

Predicted Opening Price for Ishares Msci Europe Energy Sector Ucits Etf of Monday, June 24, 2024

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