iShares Core MSCI World UCITS USD ETF Forecast

Evaluation of iShares Core MSCI World UCITS USD ETF downgraded after the last trading session.
(Updated on Jun 27, 2024)

EUNL.DE Signals & Forecast

The iShares Core MSCI World UCITS USD ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 94.87€. On a fall, the ETF will find some support from the long-term average at approximately 92.89€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -0.326%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for iShares Core MSCI World UCITS USD ETF

iShares Core MSCI World UCITS USD finds support from accumulated volume at 91.42€ 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 0.460€ between high and low, or 0.485%. For the last week the ETF has had daily average volatility of 0.545%.

Our recommended stop-loss: 91.37€ (-3.62%) (This ETF has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (EUNL.DE) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect iShares Core MSCI World UCITS ETF USD to open at 94.94€, and during the day (based on 14 day Average True Range), to move between 94.20€ and 95.41€, which gives a possible trading interval of +/-0.605€ (+/-0.64%) up or down from last closing price. If iShares Core MSCI World UCITS ETF USD takes out the full calculated possible swing range there will be an estimated 1.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 94.86€ (0.06%) than the support at 91.42€ (3.57%), 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 Core MSCI World UCITS ETF USD ETF A Buy?

iShares Core MSCI World UCITS USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.647 Hold/Accumulate Downgraded

Predicted Opening Price for iShares Core MSCI World UCITS ETF USD of Friday, June 28, 2024

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