Ishares Stoxx Europe 50 Ucits Etf 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
Ishares Stoxx Europe 50 Ucits Etf ETF downgraded to Hold/Accumulate
(Updated on Jun 26, 2024)
The Ishares Stoxx Europe 50 Ucits Etf ETF price fell by -0.522% on the last day (Wednesday, 26th Jun 2024) from £3,926.00 to £3,905.50. During the last trading day the ETF fluctuated 0.96% from a day low at £3,905.50 to a day high of £3,943.00. The price has fallen in 5 of the last 10 days but is still up by 0.1% over the past 2 weeks. 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 -4 thousand shares and in total, 272 shares were bought and sold for approximately £1.06 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £3,872.02 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.44% during the next 3 months and, with a 90% probability hold a price between £3,966.68 and £4,168.41 at the end of this 3-month period.
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EUN.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.17%. 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 Stoxx Europe 50 Ucits Etf 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 £3,936.36. On a fall, the ETF will find some support from the short-term average at £3,902.64. 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. 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 ETF had a Golden Star Signal on Tuesday, October 10, 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 ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, October 10, 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 ETF in question.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 5.04% to £4,102.32 within 11 trading days since signal was issued (Monday, July 01, 2024).
Support, Risk & Stop-loss for Ishares Stoxx Europe 50 Ucits Etf ETF
Ishares Stoxx Europe 50 Ucits Etf finds support from accumulated volume at £3,879.50 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 £37.50 between high and low, or 0.96%. For the last week the ETF has had daily average volatility of 0.721%
Our recommended stop-loss: £3,677.80 (-5.83%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (EUN.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Stoxx Europe 50 Ucits Etf to open at £3,918.00, and during the day (based on 14 day Average True Range), to move between £3,869.03 and £3,941.97, which gives a possible trading interval of +/-£36.47 (+/-0.93%) up or down from last closing price. If Ishares Stoxx Europe 50 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3,879.50 (0.67%) than the resistance at £3,941.75 (0.93%), 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 Stoxx Europe 50 Ucits Etf ETF A Buy?
Ishares Stoxx Europe 50 Ucits 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 ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.662 Hold/Accumulate Downgraded
Predicted Opening Price for Ishares Stoxx Europe 50 Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £3,918.00 ( 0.320%) | £3,905.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUN.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,955.50 | 1.28% |
| R2 | 3,941.18 | 0.91% |
| R1 | 3,932.33 | 0.687% |
| Price | 3,905.50 | |
| S1 | 3,903.68 | -0.0467% |
| S2 | 3,894.83 | -0.273% |
| S3 | 3,880.50 | -0.640% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,990.75 | 2.18% |
| R2 | 3,949.00 | 1.11% |
| R1 | 3,941.75 | 0.93% |
| Price | 3,905.50 | |
| S1 | 3,879.50 | -0.666% |
| S2 | 3,860.50 | -1.15% |
| S3 | 3,845.50 | -1.54% |
EUN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 30, 2024 | £48.22 | 1.24% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Feb 28, 2024 | £8.65 | 0.232% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 29, 2023 | £0.135 | 0.0039% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 31, 2023 | £31.36 | 0.91% |
| 5 | May 19, 2023 | May 19, 2023 | May 30, 2023 | £38.19 | 1.09% |
FAQ
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