Ishares € Govt Bond 5-7yr Ucits Etf ETF Forecast
Ishares € Govt Bond 5-7yr Ucits Etf ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Ishares € Govt Bond 5-7yr Ucits Etf ETF price fell by -0.136% on the last day (Friday, 28th Jun 2024) from 142.97€ to 142.78€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.196% from a day low at 142.70€ to a day high of 142.98€. The price has fallen in 6 of the last 10 days and is down by -0.48% for this period. 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 -143 shares and in total, 92 shares were bought and sold for approximately 13.14€ 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 5-7yr Ucits Etf ETF with a 90% probability to be traded between 141.58€ and 143.57€ 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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EUN9.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 € Govt Bond 5-7yr 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 143.18€ and 142.86€. 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 -0.498%. 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. The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.
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
The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.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 Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -0.710% to 141.76€ within 15 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for Ishares € Govt Bond 5-7yr Ucits Etf ETF
Ishares € Govt Bond 5-7yr Ucits Etf finds support from accumulated volume at 142.73€ 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 0.280€ between high and low, or 0.196%. For the last week the ETF has had daily average volatility of 0.218%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EUN9.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares € Govt Bond 5-7yr Ucits Etf to open at 142.82€, and during the day (based on 14 day Average True Range), to move between 142.33€ and 143.22€, which gives a possible trading interval of +/-0.441€ (+/-0.31%) up or down from last closing price. If Ishares € Govt Bond 5-7yr Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 142.73€ (0.03%) than the resistance at 142.85€ (0.05%), 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 € Govt Bond 5-7yr Ucits Etf ETF A Buy?
Ishares € Govt Bond 5-7yr Ucits Etf 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.720 Sell Candidate Downgraded
Predicted Opening Price for Ishares € Govt Bond 5-7yr Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 142.82€ ( 0.0304%) | 142.78€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUN9.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 143.10 | 0.226% |
| R2 | 142.99 | 0.152% |
| R1 | 142.93 | 0.105% |
| Price | 142.78 | |
| S1 | 142.71 | -0.0446% |
| S2 | 142.65 | -0.0908% |
| S3 | 142.54 | -0.166% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 143.51 | 0.515% |
| R2 | 143.42 | 0.448% |
| R1 | 142.85 | 0.0525% |
| Price | 142.78 | |
| S1 | 142.73 | -0.0315% |
| S2 | 142.26 | -0.361% |
| S3 | 141.85 | -0.648% |
FAQ
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