Ishares Edge Msci Europe Minimum ETF Forecast

Evaluation of Ishares Edge Msci Europe Minimum ETF downgraded after the last trading session.
(Updated on Jun 27, 2024)

EUN0.F Signals & Forecast

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 Edge Msci Europe Minimum ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 59.40€ and 59.16€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.29%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 18, 2023.

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.

Support, Risk & Stop-loss for Ishares Edge Msci Europe Minimum ETF

Ishares Edge Msci Europe Minimum finds support from accumulated volume at 58.06€ 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 0.720€ between high and low, or 1.22%. For the last week the ETF has had daily average volatility of 0.744%

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

Trading Expectations (EUN0.F) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Ishares Edge Msci Europe Minimum Volatility Ucits Etf to open at 59.23€, and during the day (based on 14 day Average True Range), to move between 58.58€ and 59.40€, which gives a possible trading interval of +/-0.415€ (+/-0.70%) up or down from last closing price. If Ishares Edge Msci Europe Minimum Volatility Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 59.19€ (0.34%) than the support at 58.06€ (1.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Ishares Edge Msci Europe Minimum Volatility Ucits Etf ETF A Buy?

The Ishares Edge Msci Europe Minimum ETF holds several negative signals and despite the positive trend, we believe Ishares Edge Msci Europe Minimum will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -2.201 Sell Candidate Downgraded

Predicted Opening Price for Ishares Edge Msci Europe Minimum Volatility Ucits Etf of Friday, June 28, 2024

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