Ishares Msci Pacific Ex-japan Ucits Etf ETF Forecast

Ishares Msci Pacific Ex-japan Ucits Etf ETF price down 0.393% on Friday
(Updated on Jun 21, 2024)

EUNJ.F Signals & Forecast

The Ishares Msci Pacific Ex-japan 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 40.46€ and 40.43€. 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 Monday, May 20, 2024, and so far it has fallen -1.55%. Further fall is indicated until a new bottom pivot has been found. Ishares Msci Pacific Ex-japan Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ishares Msci Pacific Ex-japan Ucits Etf ETF

Ishares Msci Pacific Ex-japan Ucits Etf finds support from accumulated volume at 40.25€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.155€ between high and low, or 0.382%. For the last week the ETF has had daily average volatility of 0.371%.

Our recommended stop-loss: 39.11€ (-3.61%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)

Trading Expectations (EUNJ.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Ishares Msci Pacific Ex-japan Ucits Etf Usd (dist) to open at 40.62€, and during the day (based on 14 day Average True Range), to move between 40.28€ and 40.86€, which gives a possible trading interval of +/-0.287€ (+/-0.71%) up or down from last closing price. If Ishares Msci Pacific Ex-japan Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 1.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 40.62€ (0.11%) than the support at 40.25€ (0.80%), 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 Msci Pacific Ex-japan Ucits Etf Usd (dist) ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ishares Msci Pacific Ex-japan Ucits Etf ETF to perform well in the short-term.

Current score: 1.765 Buy Candidate Unchanged

Predicted Opening Price for Ishares Msci Pacific Ex-japan Ucits Etf Usd (dist) of Monday, June 24, 2024

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