Ishares € Corp Bond Ex-financials ETF Forecast
Red day on Friday for Ishares € Corp Bond Ex-financials
(Updated on Jun 28, 2024)
The Ishares € Corp Bond Ex-financials ETF price fell by -0.0333% on the last day (Friday, 28th Jun 2024) from 104.95€ to 104.92€. During the last trading day the ETF fluctuated 0.186% from a day low at 104.92€ to a day high of 105.11€. The price has been going up and down for this period, and there has been a 0.01% gain for the last 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 -566 shares and in total, 10 thousand shares were bought and sold for approximately 1.07€ million.
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 105.00€ 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 104.76€ and 105.48€ 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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EUNS.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 104.91€ and 104.52€. 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 Tuesday, June 25, 2024, and so far it has fallen -0.0619%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Monday, June 03, 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 Monday, June 03, 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 Monday, June 03, 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 -1.42% to 103.42€ 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 104.39€ 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 0.195€ between high and low, or 0.186%. For the last week the ETF has had daily average volatility of 0.246%
Our recommended stop-loss: 98.31€ (-6.29%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (EUNS.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares € Corp Bond Ex-financials 1-5yr Esg Ucits Etf Eur (dist) to open at 104.98€, and during the day (based on 14 day Average True Range), to move between 104.60€ and 105.23€, which gives a possible trading interval of +/-0.315€ (+/-0.30%) up or down from last closing price. If Ishares € Corp Bond Ex-financials 1-5yr Esg Ucits Etf Eur (dist) takes out the full calculated possible swing range there will be an estimated 0.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 104.93€ (0.01%) than the support at 104.39€ (0.50%), 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 1-5yr Esg Ucits Etf Eur (dist) 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.
Current score: 1.192 Buy Candidate Unchanged
Predicted Opening Price for Ishares € Corp Bond Ex-financials 1-5yr Esg Ucits Etf Eur (dist) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 104.98€ ( 0.0620%) | 104.92€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUNS.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 105.18 | 0.248% |
| R2 | 105.10 | 0.177% |
| R1 | 105.05 | 0.133% |
| Price | 104.92 | |
| S1 | 104.91 | -0.0090% |
| S2 | 104.86 | -0.0529% |
| S3 | 104.79 | -0.124% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104.98 | 0.0620% |
| R2 | 104.95 | 0.0334% |
| R1 | 104.93 | 0.0143% |
| Price | 104.92 | |
| S1 | 104.39 | -0.500% |
| S2 | 104.21 | -0.672% |
| S3 | 104.11 | -0.767% |
FAQ
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