Ishares Msci Europe Energy Sector Ucits 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 Msci Europe Energy Sector Ucits ETF downgraded after the last trading session.
(Updated on Jun 26, 2024)
The Ishares Msci Europe Energy Sector Ucits ETF price fell by -0.703% on the last day (Wednesday, 26th Jun 2024) from 11.10€ to 11.02€. During the last trading day the ETF fluctuated 1.29% from a day low at 11.02€ to a day high of 11.16€. The price has been going up and down for this period, and there has been a 0.33% gain for the last 2 weeks. Volume has increased on the last day by 15 thousand 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, 27 thousand shares were bought and sold for approximately 293.59€ 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 -4.72% during the next 3 months and, with a 90% probability hold a price between 10.17€ and 10.84€ 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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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 2.63%. 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 11.14€. On a fall, the ETF will find some support from the short-term average at 10.99€. 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 0.142€ between high and low, or 1.29%. For the last week the ETF has had daily average volatility of 0.93%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Msci Europe Energy Sector Ucits Etf to open at 11.07€, and during the day (based on 14 day Average True Range), to move between 10.90€ and 11.15€, which gives a possible trading interval of +/-0.127€ (+/-1.15%) 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 2.30% 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€ (0.60%) than the resistance at 11.21€ (1.72%), 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. 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: -2.752 Sell Candidate Downgraded
Predicted Opening Price for Ishares Msci Europe Energy Sector Ucits Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
11.07€ ( 0.417%) | 11.02€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESIE.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.21 | 1.71% |
R2 | 11.16 | 1.21% |
R1 | 11.12 | 0.91% |
Price | 11.02 | |
S1 | 11.02 | -0.0748% |
S2 | 10.98 | -0.379% |
S3 | 10.93 | -0.87% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.37 | 3.14% |
R2 | 11.23 | 1.87% |
R1 | 11.21 | 1.72% |
Price | 11.02 | |
S1 | 10.96 | -0.599% |
S2 | 10.83 | -1.76% |
S3 | 10.82 | -1.85% |
FAQ
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