Ishares € Govt Bond 0-1yr Ucits Etf ETF Forecast
Red day on Friday for Ishares € Govt Bond 0-1yr Ucits Etf
(Updated on Jun 21, 2024)
The Ishares € Govt Bond 0-1yr Ucits Etf ETF price fell by -0.0060% on the last day (Friday, 21st Jun 2024) from 99.73€ to 99.73€. During the last trading day the ETF fluctuated 0.0642% from a day low at 99.69€ to a day high of 99.76€. The price has risen in 8 of the last 10 days and is up by 0.17% 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 -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately 131.54€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares € Govt Bond 0-1yr Ucits Etf ETF with a 90% probability to be traded between 100.57€ and 100.64€ 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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EUN6.F Signals & Forecast
The Ishares € Govt Bond 0-1yr Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 99.69€ and 99.47€. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 20, 2024, and so far it has fallen -0.0060%. 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.
Support, Risk & Stop-loss for Ishares € Govt Bond 0-1yr Ucits Etf ETF
Ishares € Govt Bond 0-1yr Ucits Etf finds support from accumulated volume at 99.24€ 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 0.0640€ between high and low, or 0.0642%. For the last week the ETF has had daily average volatility of 0.0506%
The Ishares € Govt Bond 0-1yr Ucits Etf ETF is extremely overbought on RSI14 (92). This increases the short-term risk substantially.
Our recommended stop-loss: 95.41€ (-4.33%) (This ETF has low daily movements and this gives low risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (EUN6.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Ishares € Govt Bond 0-1yr Ucits Etf to open at 99.73€, and during the day (based on 14 day Average True Range), to move between 99.67€ and 99.79€, which gives a possible trading interval of +/-0.0613€ (+/-0.06%) up or down from last closing price. If Ishares € Govt Bond 0-1yr Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 99.73€ (0.01%) than the support at 99.24€ (0.49%), 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 € Govt Bond 0-1yr Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ishares € Govt Bond 0-1yr Ucits Etf ETF to perform well in the short-term period.
Current score: 1.605 Buy Candidate Unchanged
Predicted Opening Price for Ishares € Govt Bond 0-1yr Ucits Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 99.73€ ( 0.0027%) | 99.73€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUN6.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 99.79 | 0.0615% |
| R2 | 99.76 | 0.0370% |
| R1 | 99.75 | 0.0218% |
| Price | 99.73 | |
| S1 | 99.70 | -0.0272% |
| S2 | 99.69 | -0.0423% |
| S3 | 99.66 | -0.0668% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 99.73 | 0.0060% |
| Price | 99.73 | |
| S1 | 99.24 | -0.489% |
| S2 | 99.04 | -0.690% |
| S3 | 98.97 | -0.760% |
EUN6 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2014 | Dec 18, 2014 | Dec 18, 2014 | 0.0254€ | 0% |
| 2 | Jun 25, 2014 | Jun 25, 2014 | Jun 25, 2014 | 0.0768€ | 0% |
| 3 | Dec 18, 2013 | Dec 18, 2013 | Dec 18, 2013 | 0.113€ | 0% |
| 4 | Jun 26, 2013 | Jun 26, 2013 | Jun 26, 2013 | 0.161€ | 0% |
FAQ
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