Ishares Euro Stoxx 50 Ucits Etf ETF Forecast
Ishares Euro Stoxx 50 Ucits Etf ETF downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)
The Ishares Euro Stoxx 50 Ucits Etf ETF price fell by -1.83% on the last day (Wednesday, 19th Jun 2024) from £4,264.00 to £4,186.00. During the last trading day the ETF fluctuated 0% from a day low at £4,186.00 to a day high of £4,186.00. The price has fallen in 5 of the last 10 days and is down by -3.16% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -29 thousand shares and in total, 0 shares were bought and sold for approximately £0 .
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 £4,182.81 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ishares Euro Stoxx 50 Ucits Etf ETF with a 90% probability to be traded between £4,124.27 and £4,429.68 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EUE.L Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Euro Stoxx 50 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 £4,249.71 and £4,368.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.83%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ishares Euro Stoxx 50 Ucits Etf ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 1.09%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EUE.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Ishares Euro Stoxx 50 Ucits Etf to open at £4,186.00, and during the day (based on 14 day Average True Range), to move between £4,125.95 and £4,246.05, which gives a possible trading interval of +/-£60.05 (+/-1.43%) up or down from last closing price. If Ishares Euro Stoxx 50 Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £4,382.25, some £196.25 (4.69%) from the current price of £4,186.00, our system finds the risk reward not very attractive.
Is Ishares Euro Stoxx 50 Ucits Etf ETF A Buy?
Ishares Euro Stoxx 50 Ucits Etf holds several negative signals and is within a 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 Hold/Accumulate to a Sell candidate.
Current score: -2.718 Sell Candidate Downgraded
Predicted Opening Price for Ishares Euro Stoxx 50 Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £4,186.00 ( 0%) | £4,186.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,186.00 | - |
| R2 | 4,186.00 | - |
| R1 | 4,186.00 | - |
| Price | 4,186.00 | |
| S1 | 4,186.00 | - |
| S2 | 4,186.00 | - |
| S3 | 4,186.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,485.50 | 7.15% |
| R2 | 4,398.25 | 5.07% |
| R1 | 4,382.25 | 4.69% |
| Price | 4,186.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
EUE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 30, 2024 | £50.68 | 1.17% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Feb 28, 2024 | £12.62 | 0.297% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 29, 2023 | £0.0839 | 0.0022% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 31, 2023 | £55.26 | 1.48% |
| 5 | May 19, 2023 | May 19, 2023 | May 30, 2023 | £37.57 | 0.99% |
FAQ
Click here for our free guide on how to buy Ishares Euro Stoxx 50 Ucits Etf ETF.
