Ishares Euro Stoxx 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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 Euro Stoxx 50 Ucits Etf ETF price ended at 50.32€ on Thursday, after losing 0.238%.
(Updated on Jun 27, 2024)
The Ishares Euro Stoxx 50 Ucits Etf ETF price fell by -0.238% on the last day (Thursday, 27th Jun 2024) from 50.44€ to 50.32€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.23% from a day low at 50.31€ to a day high of 50.93€. The price has fallen in 6 of the last 10 days and is down by -0.53% for this period. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 53 thousand shares were bought and sold for approximately 2.65€ million.
The ETF is moving within a horizontal trend and further movements within this trend can 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 49.46€ and 52.39€ 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.
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EUN2.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 50.50€ and 51.25€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Ishares Euro Stoxx 50 Ucits Etf ETF
Ishares Euro Stoxx 50 Ucits Etf finds support from accumulated volume at 50.16€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.620€ between high and low, or 1.23%. For the last week the ETF has had daily average volatility of 1.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EUN2.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares Euro Stoxx 50 Ucits Etf to open at 50.52€, and during the day (based on 14 day Average True Range), to move between 49.70€ and 50.94€, which gives a possible trading interval of +/-0.616€ (+/-1.22%) 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 2.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 50.16€ (0.32%) than the resistance at 51.55€ (2.44%), 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 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.
Current score: -1.001 Sell Candidate Unchanged
Predicted Opening Price for Ishares Euro Stoxx 50 Ucits Etf of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
50.52€ ( 0.397%) | 50.32€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUN2.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 51.14 | 1.63% |
R2 | 50.90 | 1.16% |
R1 | 50.76 | 0.87% |
Price | 50.32 | |
S1 | 50.28 | -0.0732% |
S2 | 50.14 | -0.364% |
S3 | 49.90 | -0.83% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 52.65 | 4.63% |
R2 | 51.82 | 2.98% |
R1 | 51.55 | 2.44% |
Price | 50.32 | |
S1 | 50.16 | -0.318% |
S2 | 50.09 | -0.457% |
S3 | 49.65 | -1.34% |
EUN2 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 16, 2024 | May 16, 2024 | May 30, 2024 | 0.589€ | 0% |
2 | Feb 15, 2024 | Feb 15, 2024 | Feb 28, 2024 | 0.148€ | 0% |
3 | Nov 16, 2023 | Nov 16, 2023 | Nov 29, 2023 | 0.0960€ | 0% |
4 | Aug 17, 2023 | Aug 17, 2023 | Aug 31, 2023 | 0.648€ | 0% |
5 | May 19, 2023 | May 19, 2023 | May 30, 2023 | 0.433€ | 0% |
FAQ
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