Ishares Stoxx Europe 600 Real Estate ETF Forecast
Green day on Thursday for Ishares Stoxx Europe 600 Real Estate
(Updated on Jun 27, 2024)
The Ishares Stoxx Europe 600 Real Estate ETF price gained 0.587% on the last trading day (Thursday, 27th Jun 2024), rising from 13.63€ to 13.71€. During the last trading day the ETF fluctuated 1.54% from a day low at 13.62€ to a day high of 13.83€. The price has been going up and down for this period, and there has been a -1.52% loss for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 2 thousand shares were bought and sold for approximately 33.11€ 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 ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 13.62€ 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 5.89% during the next 3 months and, with a 90% probability hold a price between 14.43€ and 15.67€ at the end of this 3-month period.
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EXI5.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.587%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Stoxx Europe 600 Real Estate 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 13.74€ and 14.09€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ishares Stoxx Europe 600 Real Estate ETF
Ishares Stoxx Europe 600 Real Estate finds support from accumulated volume at 13.52€ 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 controlled movements and therefore the general risk is considered 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 0.210€ between high and low, or 1.54%. For the last week the ETF has had daily average volatility of 1.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXI5.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares Stoxx Europe 600 Real Estate Ucits Etf (de) to open at 13.72€, and during the day (based on 14 day Average True Range), to move between 13.52€ and 13.91€, which gives a possible trading interval of +/-0.196€ (+/-1.43%) up or down from last closing price. If Ishares Stoxx Europe 600 Real Estate Ucits Etf (de) takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 13.52€ (1.41%) than the resistance at 14.03€ (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares Stoxx Europe 600 Real Estate Ucits Etf (de) ETF A Buy?
The Ishares Stoxx Europe 600 Real Estate ETF holds several negative signals and despite the positive trend, we believe Ishares Stoxx Europe 600 Real Estate will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.289 Sell Candidate Unchanged
Predicted Opening Price for Ishares Stoxx Europe 600 Real Estate Ucits Etf (de) of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 13.72€ ( 0.0438%) | 13.71€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXI5.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.93 | 1.58% |
| R2 | 13.85 | 0.99% |
| R1 | 13.80 | 0.629% |
| Price | 13.71 | |
| S1 | 13.64 | -0.541% |
| S2 | 13.59 | -0.90% |
| S3 | 13.51 | -1.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.56 | 6.17% |
| R2 | 14.54 | 5.99% |
| R1 | 14.03 | 2.28% |
| Price | 13.71 | |
| S1 | 13.52 | -1.41% |
| S2 | 13.45 | -1.93% |
| S3 | 13.14 | -4.19% |
FAQ
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