Ishares Euro Stoxx Ucits Etf (de) 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
Ishares Euro Stoxx Ucits Etf (de) ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Ishares Euro Stoxx Ucits Etf (de) ETF price fell by -0.296% on the last day (Friday, 28th Jun 2024) from 50.71€ to 50.56€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.773% from a day low at 50.48€ to a day high of 50.87€. The price has fallen in 7 of the last 10 days and is down by -0.43% 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 -2 thousand shares and in total, 9 thousand shares were bought and sold for approximately 448.47€ thousand.
Given the current horizontal trend, you can expect Ishares Euro Stoxx Ucits Etf (de) ETF with a 90% probability to be traded between 51.13€ and 54.19€ 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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EXSI.F Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Euro Stoxx 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 50.96€ and 52.19€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -5.11%. 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.
Support, Risk & Stop-loss for Ishares Euro Stoxx Ucits Etf (de) ETF
Ishares Euro Stoxx Ucits Etf (de) finds support from accumulated volume at 50.54€ 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 0.390€ between high and low, or 0.773%. For the last week the ETF has had daily average volatility of 1.02%
Our recommended stop-loss: 47.35€ (-6.34%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (EXSI.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Euro Stoxx Ucits Etf (de) to open at 50.64€, and during the day (based on 14 day Average True Range), to move between 50.02€ and 51.10€, which gives a possible trading interval of +/-0.538€ (+/-1.06%) up or down from last closing price. If Ishares Euro Stoxx Ucits Etf (de) takes out the full calculated possible swing range there will be an estimated 2.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 50.54€ (0.04%) than the resistance at 51.08€ (1.03%), 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 Euro Stoxx Ucits Etf (de) ETF A Buy?
Ishares Euro Stoxx Ucits Etf (de) 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.064 Hold/Accumulate Downgraded
Predicted Opening Price for Ishares Euro Stoxx Ucits Etf (de) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 50.64€ ( 0.152%) | 50.56€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXSI.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.03 | 0.92% |
| R2 | 50.88 | 0.628% |
| R1 | 50.79 | 0.446% |
| Price | 50.56 | |
| S1 | 50.49 | -0.143% |
| S2 | 50.40 | -0.325% |
| S3 | 50.25 | -0.620% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.28 | 3.40% |
| R2 | 51.76 | 2.37% |
| R1 | 51.08 | 1.03% |
| Price | 50.56 | |
| S1 | 50.54 | -0.0396% |
| S2 | 50.42 | -0.277% |
| S3 | 50.38 | -0.356% |
FAQ
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