iShares Core MSCI World UCITS USD 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
Evaluation of iShares Core MSCI World UCITS USD ETF downgraded after the last trading session.
(Updated on Jun 27, 2024)
The iShares Core MSCI World UCITS USD ETF price fell by -0.0801% on the last day (Thursday, 27th Jun 2024) from 94.88€ to 94.80€. During the last trading day the ETF fluctuated 0.485% from a day low at 94.78€ to a day high of 95.24€. The price has risen in 7 of the last 10 days and is up by 1.09% over the past 2 weeks. 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 -23 thousand shares and in total, 145 thousand shares were bought and sold for approximately 13.74€ million.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.98% during the next 3 months and, with a 90% probability hold a price between 97.52€ and 101.26€ at the end of this 3-month period.
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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
Fair opening price June 28, 2024 | Current price |
---|---|
94.94€ ( 0.146%) | 94.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUNL.DE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 95.40 | 0.631% |
R2 | 95.22 | 0.446% |
R1 | 95.12 | 0.332% |
Price | 94.80 | |
S1 | 94.76 | -0.0391% |
S2 | 94.66 | -0.154% |
S3 | 94.48 | -0.339% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 95.11 | 0.327% |
R2 | 94.94 | 0.150% |
R1 | 94.86 | 0.0591% |
Price | 94.80 | |
S1 | 91.42 | -3.57% |
S2 | 90.69 | -4.33% |
S3 | 88.89 | -6.24% |
FAQ
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