Ishares € Corp Bond Ex-financials 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
Stronger technical forecast for Ishares € Corp Bond Ex-financials ETF price after Thursday trading.
(Updated on Jun 27, 2024)
The Ishares € Corp Bond Ex-financials ETF price gained 0.0326% on the last trading day (Thursday, 27th Jun 2024), rising from 107.39€ to 107.42€. During the last trading day the ETF fluctuated 0.471% from a day low at 107.14€ to a day high of 107.64€. The price has risen in 6 of the last 10 days and is up by 0.06% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately 119.99€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 107.60€ 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 106.35€ and 107.61€ 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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EUNR.F Signals & Forecast
The Ishares € Corp Bond Ex-financials 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 107.46€. On a fall, the ETF will find some support from the long-term average at approximately 107.09€. 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 Tuesday, June 25, 2024, and so far it has fallen -0.163%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 25, 2024 and based on theory for this formation the price should fall by -1.44% to 105.87€ within 29 trading days since signal was issued (Monday, August 05, 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 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 0.505€ between high and low, or 0.471%. For the last week the ETF has had daily average volatility of 0.278%
Our recommended stop-loss: 103.98€ (-3.20%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (EUNR.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares € Corp Bond Ex-financials Ucits Etf to open at 107.40€, and during the day (based on 14 day Average True Range), to move between 107.05€ and 107.79€, which gives a possible trading interval of +/-0.367€ (+/-0.34%) 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 0.68% 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€ (0.09%) than the support at 107.28€ (0.13%), 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: 3.181 Buy Candidate Upgraded
Predicted Opening Price for Ishares € Corp Bond Ex-financials Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 107.40€ ( 0.0202%) | 107.42€ |
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 | 107.90 | 0.450% |
| R2 | 107.71 | 0.270% |
| R1 | 107.59 | 0.159% |
| Price | 107.42 | |
| S1 | 107.21 | -0.200% |
| S2 | 107.09 | -0.311% |
| S3 | 106.89 | -0.490% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.69 | 0.251% |
| R2 | 107.61 | 0.177% |
| R1 | 107.52 | 0.0931% |
| Price | 107.42 | |
| S1 | 107.28 | -0.130% |
| S2 | 106.75 | -0.628% |
| S3 | 106.55 | -0.81% |
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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