THE EUROPE TRUST ETF Stock Forecast

Evaluation of THE EUROPE TRUST ETF stock downgraded after the last trading session.
(Updated on May 20, 2024)

EUF.NZ Signals & Forecast

The THE EUROPE TRUST ETF stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.30. On a fall, the stock will find some support from the long-term average at approximately $2.25. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -1.16%. Further fall is indicated until a new bottom pivot has been found. THE EUROPE TRUST ETF 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". The stock had a Golden Star Signal on Thursday, December 07, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for THE EUROPE TRUST ETF stock

THE EUROPE TRUST ETF finds support from accumulated volume at $2.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0240 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 0.82%.

Our recommended stop-loss: $2.22 (-2.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (EUF.NZ) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect THE EUROPE TRUST ETF to open at $2.30, and during the day (based on 14 day Average True Range), to move between $2.26 and $2.32, which gives a possible trading interval of +/-$0.0261 (+/-1.14%) up or down from last closing price. If THE EUROPE TRUST ETF takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.28 (0.31%) than the resistance at $2.31 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is THE EUROPE TRUST ETF stock A Buy?

THE EUROPE TRUST ETF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.316 Hold/Accumulate Downgraded

Predicted Opening Price for THE EUROPE TRUST ETF of Tuesday, May 21, 2024

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