Ossiam Shiller Barclays Cape Europe 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
Ossiam Shiller Barclays Cape Europe ETF price down 0.537% on Thursday
(Updated on Jun 27, 2024)
The Ossiam Shiller Barclays Cape Europe ETF price fell by -0.537% on the last day (Thursday, 27th Jun 2024) from 521.30€ to 518.50€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.33% from a day low at 518.50€ to a day high of 525.40€. The price has fallen in 6 of the last 10 days and is down by -0.27% for this period.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 514.99€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.82% during the next 3 months and, with a 90% probability hold a price between 534.68€ and 553.43€ at the end of this 3-month period.
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EUPE.F Signals & Forecast
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. The Ossiam Shiller Barclays Cape Europe ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 521.29€ and 521.76€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.86%. 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ossiam Shiller Barclays Cape Europe ETF
Ossiam Shiller Barclays Cape Europe finds support from accumulated volume at 516.10€ 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 6.90€ between high and low, or 1.33%. For the last week the ETF has had daily average volatility of 0.84%
Our recommended stop-loss: 497.05€ (-4.14%) (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 (EUPE.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ossiam Shiller Barclays Cape Europe Sector Value Tr to open at 520.80€, and during the day (based on 14 day Average True Range), to move between 514.30€ and 522.70€, which gives a possible trading interval of +/-4.20€ (+/-0.81%) up or down from last closing price. If Ossiam Shiller Barclays Cape Europe Sector Value Tr takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 519.30€ (0.15%) than the support at 516.10€ (0.46%), 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 Ossiam Shiller Barclays Cape Europe Sector Value Tr ETF A Buy?
Ossiam Shiller Barclays Cape Europe holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.974 Hold/Accumulate Unchanged
Predicted Opening Price for Ossiam Shiller Barclays Cape Europe Sector Value Tr of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
520.80€ ( 0.444%) | 518.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUPE.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 527.70 | 1.77% |
R2 | 525.06 | 1.27% |
R1 | 523.44 | 0.95% |
Price | 518.50 | |
S1 | 518.16 | -0.0648% |
S2 | 516.54 | -0.379% |
S3 | 513.90 | -0.89% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 523.40 | 0.95% |
R2 | 521.50 | 0.579% |
R1 | 519.30 | 0.154% |
Price | 518.50 | |
S1 | 516.10 | -0.463% |
S2 | 512.00 | -1.25% |
S3 | 510.40 | -1.56% |
FAQ
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