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 price ended at 45.99€ on Thursday, after losing 0.444%.
(Updated on Jun 27, 2024)
The Ishares Stoxx Europe 50 Ucits Etf ETF price fell by -0.444% on the last day (Thursday, 27th Jun 2024) from 46.20€ to 45.99€. During the last trading day the ETF fluctuated 1.44% from a day low at 45.99€ to a day high of 46.65€. The price has been going up and down for this period, and there has been a -0.3% loss for the last 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 -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately 203.74€ thousand.
The ETF has broken the narrow and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 46.09€. A reaction back to this level may hold a second chance to get out before further falls.
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EUN1.F Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Stoxx Europe 50 Ucits Etf 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 46.27€ and 46.27€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.93%. 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 ETF had a Golden Star Signal on Wednesday, August 09, 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 Wednesday, August 09, 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 sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -2.67% to 44.76€ within 16 trading days since signal was issued (Friday, June 28, 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 45.89€ 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 0.660€ between high and low, or 1.44%. For the last week the ETF has had daily average volatility of 0.88%
Our recommended stop-loss: 44.02€ (-4.28%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (EUN1.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares Stoxx Europe 50 Ucits Etf to open at 46.21€, and during the day (based on 14 day Average True Range), to move between 45.59€ and 46.39€, which gives a possible trading interval of +/-0.400€ (+/-0.87%) 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 1.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 45.89€ (0.23%) than the resistance at 46.14€ (0.33%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.530 Hold/Accumulate Unchanged
Predicted Opening Price for Ishares Stoxx Europe 50 Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 46.21€ ( 0.478%) | 45.99€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUN1.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.87 | 1.91% |
| R2 | 46.62 | 1.37% |
| R1 | 46.46 | 1.03% |
| Price | 45.99 | |
| S1 | 45.96 | -0.0698% |
| S2 | 45.80 | -0.409% |
| S3 | 45.55 | -0.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.52 | 1.14% |
| R2 | 46.19 | 0.435% |
| R1 | 46.14 | 0.326% |
| Price | 45.99 | |
| S1 | 45.89 | -0.228% |
| S2 | 45.15 | -1.83% |
| S3 | 45.03 | -2.09% |
EUN1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 30, 2024 | 0.560€ | 0% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Feb 28, 2024 | 0.101€ | 0% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 29, 2023 | 0.155€ | 0% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 31, 2023 | 0.368€ | 0% |
| 5 | May 19, 2023 | May 19, 2023 | May 30, 2023 | 0.440€ | 0% |
FAQ
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