Ishares € Corp Bond Ex-financials ETF Forecast
Stronger technical forecast for Ishares € Corp Bond Ex-financials ETF price after Friday trading.
(Updated on Jun 21, 2024)
The Ishares € Corp Bond Ex-financials ETF price gained 0.0745% on the last trading day (Friday, 21st Jun 2024), rising from 107.41€ to 107.49€. During the last trading day the ETF fluctuated 0.251% from a day low at 107.47€ to a day high of 107.74€. The price has risen in 6 of the last 10 days and is up by 0.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 518 more shares were traded than the day before. In total, 914 shares were bought and sold for approximately 98.25€ thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 107.55€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Ishares € Corp Bond Ex-financials ETF with a 90% probability to be traded between 105.97€ and 107.33€ 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EUNR.F Signals & Forecast
The Ishares € Corp Bond Ex-financials 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 107.43€ and 107.07€. 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). Ishares € Corp Bond Ex-financials has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Tuesday, June 18, 2024, and so far it has fallen -0.0651%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 16, 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 Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 16, 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 Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 16, 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 Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -1.77% to 105.59€ within 24 trading days since signal was issued (Monday, July 22, 2024).
Support, Risk & Stop-loss for Ishares € Corp Bond Ex-financials ETF
Ishares € Corp Bond Ex-financials finds support from accumulated volume at 107.28€ 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 0.270€ between high and low, or 0.251%. For the last week the ETF has had daily average volatility of 0.353%.
Our recommended stop-loss: 103.38€ (-3.82%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (EUNR.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Ishares € Corp Bond Ex-financials Ucits Etf to open at 107.56€, and during the day (based on 14 day Average True Range), to move between 107.11€ and 107.87€, which gives a possible trading interval of +/-0.384€ (+/-0.36%) up or down from last closing price. If Ishares € Corp Bond Ex-financials Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 107.52€ (0.03%) than the support at 107.28€ (0.20%), 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 € Corp Bond Ex-financials Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ishares € Corp Bond Ex-financials ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.231 Buy Candidate Upgraded
Predicted Opening Price for Ishares € Corp Bond Ex-financials Ucits Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 107.56€ ( 0.0682%) | 107.49€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUNR.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.83 | 0.319% |
| R2 | 107.73 | 0.223% |
| R1 | 107.67 | 0.164% |
| Price | 107.49 | |
| S1 | 107.46 | -0.0277% |
| S2 | 107.40 | -0.0870% |
| S3 | 107.29 | -0.183% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.61 | 0.112% |
| R2 | 107.59 | 0.0930% |
| R1 | 107.52 | 0.0279% |
| Price | 107.49 | |
| S1 | 107.28 | -0.195% |
| S2 | 107.15 | -0.316% |
| S3 | 106.75 | -0.693% |
EUNR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 24, 2024 | 1.19€ | 0% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 26, 2023 | 0.97€ | 0% |
| 3 | Jan 12, 2023 | Jan 12, 2023 | Jan 25, 2023 | 0.661€ | 0% |
| 4 | Jul 14, 2022 | Jul 14, 2022 | Jul 27, 2022 | 0.473€ | 0% |
| 5 | Jan 13, 2022 | Jan 13, 2022 | Jan 26, 2022 | 0.457€ | 0% |
FAQ
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