Ishares Stoxx Europe 600 Banks Ucits Etf 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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 Stoxx Europe 600 Banks Ucits Etf ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Ishares Stoxx Europe 600 Banks Ucits Etf ETF price fell by -0.130% on the last day (Friday, 28th Jun 2024) from 19.93€ to 19.90€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 1.12% from a day low at 19.85€ to a day high of 20.08€. The price has been going up and down for this period, and there has been a 2% gain for the last 2 weeks. 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 -154 thousand shares and in total, 60 thousand shares were bought and sold for approximately 1.19€ million.
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 19.70€ 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 5.70% during the next 3 months and, with a 90% probability hold a price between 20.82€ and 22.44€ at the end of this 3-month period.
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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 2.00%. 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 20.37€. 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 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 0.223€ between high and low, or 1.12%. For the last week the ETF has had daily average volatility of 1.28%
Our recommended stop-loss: 18.68€ (-6.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (EXV1.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Stoxx Europe 600 Banks Ucits Etf (de) to open at 19.94€, and during the day (based on 14 day Average True Range), to move between 19.61€ and 20.19€, which gives a possible trading interval of +/-0.287€ (+/-1.44%) 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 2.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 19.93€ (0.13%) than the support at 19.59€ (1.56%), 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 Ishares Stoxx Europe 600 Banks Ucits Etf (de) ETF A Buy?
Ishares Stoxx Europe 600 Banks Ucits Etf 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.380 Hold/Accumulate Upgraded
Predicted Opening Price for Ishares Stoxx Europe 600 Banks Ucits Etf (de) of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
19.94€ ( 0.206%) | 19.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXV1.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.17 | 1.33% |
R2 | 20.08 | 0.90% |
R1 | 20.03 | 0.634% |
Price | 19.90 | |
S1 | 19.86 | -0.222% |
S2 | 19.81 | -0.486% |
S3 | 19.72 | -0.91% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.69 | 3.93% |
R2 | 20.36 | 2.28% |
R1 | 19.93 | 0.131% |
Price | 19.90 | |
S1 | 19.59 | -1.56% |
S2 | 19.31 | -2.97% |
S3 | 19.02 | -4.43% |
EXV1 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 15, 2024 | Apr 15, 2024 | Apr 15, 2024 | 0.0313€ | 0% |
2 | Jan 16, 2024 | Jan 16, 2024 | Jan 16, 2024 | 3.14€ | 0% |
3 | Oct 16, 2023 | Oct 16, 2023 | Oct 16, 2023 | 0.109€ | 0% |
4 | Jul 17, 2023 | Jul 17, 2023 | Jul 17, 2023 | 0.550€ | 0% |
5 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | 0.0308€ | 0% |
FAQ
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