Ishares Stoxx Europe 600 Banks Ucits Etf ETF Forecast

Ishares Stoxx Europe 600 Banks Ucits Etf ETF price ended at 19.95€ on Wednesday, after losing 0.365%.
(Updated on Jun 26, 2024)

EXV1.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.26%. 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 Banks Ucits Etf 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 19.99€ and 20.39€. 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 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 Stoxx Europe 600 Banks Ucits Etf ETF

Ishares Stoxx Europe 600 Banks Ucits Etf finds support from accumulated volume at 19.59€ 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 0.271€ between high and low, or 1.36%. For the last week the ETF has had daily average volatility of 1.39%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EXV1.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Ishares Stoxx Europe 600 Banks Ucits Etf (de) to open at 19.98€, and during the day (based on 14 day Average True Range), to move between 19.66€ and 20.25€, which gives a possible trading interval of +/-0.297€ (+/-1.49%) up or down from last closing price. If Ishares Stoxx Europe 600 Banks Ucits Etf (de) takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 19.59€ (1.80%) than the resistance at 20.36€ (2.02%), 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 Banks Ucits Etf (de) ETF A Buy?

The Ishares Stoxx Europe 600 Banks Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Ishares Stoxx Europe 600 Banks Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -1.047 Sell Candidate Unchanged

Predicted Opening Price for Ishares Stoxx Europe 600 Banks Ucits Etf (de) of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.