Ishares € Govt Bond 0-1yr 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
Green day on Thursday for Ishares € Govt Bond 0-1yr Ucits Etf
(Updated on Jun 27, 2024)
The Ishares € Govt Bond 0-1yr Ucits Etf ETF price gained 0.0481% on the last trading day (Thursday, 27th Jun 2024), rising from 99.75€ to 99.79€. During the last trading day the ETF fluctuated 0.128% from a day low at 99.68€ to a day high of 99.81€. The price has risen in 6 of the last 10 days and is up by 0.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately 900.64€ thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 99.80€ will give a strong buy signal and a trend shift could 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 100.64€ and 100.69€ 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
Mostly positive signals in the chart today. 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 99.74€ and 99.52€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 0.285%. 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). Ishares € Govt Bond 0-1yr Ucits Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.128€ between high and low, or 0.128%. For the last week the ETF has had daily average volatility of 0.0678%.
The Ishares € Govt Bond 0-1yr Ucits Etf ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: 93.57€ (-6.23%) (This ETF has low daily movements and this gives low risk. The RSI14 is 94 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (EUN6.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares € Govt Bond 0-1yr Ucits Etf to open at 99.76€, and during the day (based on 14 day Average True Range), to move between 99.73€ and 99.86€, which gives a possible trading interval of +/-0.0646€ (+/-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 0.13% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 99.24€, some 0.554€ (0.56%) from the current price of 99.79€, our system finds the risk reward attractive.
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: 4.746 Buy Candidate Unchanged
Predicted Opening Price for Ishares € Govt Bond 0-1yr Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 99.76€ ( 0.0334%) | 99.79€ |
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 | 99.89 | 0.0949% |
| R2 | 99.84 | 0.0459% |
| R1 | 99.81 | 0.0156% |
| Price | 99.79 | |
| S1 | 99.71 | -0.0824% |
| S2 | 99.68 | -0.113% |
| S3 | 99.63 | -0.162% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 99.79 | |
| S1 | 99.24 | -0.555% |
| S2 | 99.04 | -0.756% |
| S3 | 98.97 | -0.83% |
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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