Ishares Mdax Ucits Etf (de) ETF Forecast
Evaluation of Ishares Mdax Ucits Etf (de) ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Ishares Mdax Ucits Etf (de) ETF price fell by -0.736% on the last day (Friday, 28th Jun 2024) from 3.67€ to 3.64€. During the last trading day the ETF fluctuated 0.715% from a day low at 3.64€ to a day high of 3.66€. The price has fallen in 6 of the last 10 days and is down by -2.12% for this period. 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 -173 thousand shares and in total, 271 shares were bought and sold for approximately 986.17€ .
The ETF has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (3.64€) are considered to be a "second chance" to get out. According to the fan-theory 3.37€ will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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EXID.F Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Mdax Ucits Etf (de) 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 3.68€ and 3.83€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -8.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Ishares Mdax Ucits Etf (de) ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.0260€ between high and low, or 0.715%. For the last week the ETF has had daily average volatility of 0.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXID.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Mdax Ucits Etf (de) to open at 3.65€, and during the day (based on 14 day Average True Range), to move between 3.60€ and 3.68€, which gives a possible trading interval of +/-0.0424€ (+/-1.16%) up or down from last closing price. If Ishares Mdax Ucits Etf (de) takes out the full calculated possible swing range there will be an estimated 2.33% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 3.66€, some 0.0215€ (0.59%) from the current price of 3.64€, our system finds the risk reward not very attractive.
Is Ishares Mdax Ucits Etf (de) ETF A Buy?
Ishares Mdax Ucits Etf (de) holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.509 Sell Candidate Downgraded
Predicted Opening Price for Ishares Mdax Ucits Etf (de) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 3.65€ ( 0.211%) | 3.64€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXID.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.67 | 0.93% |
| R2 | 3.66 | 0.652% |
| R1 | 3.66 | 0.484% |
| Price | 3.64 | |
| S1 | 3.64 | -0.0623% |
| S2 | 3.63 | -0.231% |
| S3 | 3.62 | -0.504% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.90 | 7.17% |
| R2 | 3.67 | 0.742% |
| R1 | 3.66 | 0.591% |
| Price | 3.64 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
EXID Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2023 | Sep 15, 2023 | Sep 15, 2023 | 0.0409€ | 1.01% |
| 2 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | 0.0455€ | 1.27% |
| 3 | Sep 15, 2021 | Sep 15, 2021 | Sep 15, 2021 | 0.0221€ | 0.413% |
FAQ
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