Ishares Iii Public Ltd Co - Ishares Euro ETF Forecast

Ishares Iii Public Ltd Co - Ishares Euro ETF price ended at 149.04€ on Friday, after losing 0.208%.
(Updated on Jun 28, 2024)

EUN8.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 Iii Public Ltd Co - Ishares Euro 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 149.92€ and 150.04€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.23%. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -0.610% to 148.12€ within 15 trading days since signal was issued (Wednesday, June 26, 2024).

Support, Risk & Stop-loss for Ishares Iii Public Ltd Co - Ishares Euro ETF

Ishares Iii Public Ltd Co - Ishares Euro finds support from accumulated volume at 148.25€ 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 0.665€ between high and low, or 0.447%. For the last week the ETF has had daily average volatility of 0.449%

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

Trading Expectations (EUN8.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ishares Iii Public Limited Company - Ishares Euro Government Bond 10-15yr Ucits Etf to open at 149.11€, and during the day (based on 14 day Average True Range), to move between 148.21€ and 149.86€, which gives a possible trading interval of +/-0.82€ (+/-0.55%) up or down from last closing price. If Ishares Iii Public Limited Company - Ishares Euro Government Bond 10-15yr Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 149.18€ (0.10%) than the support at 148.25€ (0.53%), 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 Iii Public Limited Company - Ishares Euro Government Bond 10-15yr Ucits Etf ETF A Buy?

Ishares Iii Public Ltd Co - Ishares Euro holds several negative signals and is within a narrow and 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: -2.315 Sell Candidate Unchanged

Predicted Opening Price for Ishares Iii Public Limited Company - Ishares Euro Government Bond 10-15yr Ucits Etf of Monday, July 1, 2024

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