Ishares Stoxx Europe 600 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
Green day on Friday for Ishares Stoxx Europe 600 ETF after gaining 0.449%
(Updated on Jun 28, 2024)
The Ishares Stoxx Europe 600 ETF price gained 0.449% on the last trading day (Friday, 28th Jun 2024), rising from 19.59€ to 19.67€. During the last trading day the ETF fluctuated 0.397% from a day low at 19.63€ to a day high of 19.71€. The price has risen in 5 of the last 10 days and is up by 1.94% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 8 thousand shares were bought and sold for approximately 148.01€ 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 middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 8.56% during the next 3 months and, with a 90% probability hold a price between 20.87€ and 22.15€ at the end of this 3-month period.
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EXV2.F Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -1.44%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Ishares Stoxx Europe 600 ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 19.64€ and 19.49€. A breakdown below any of these levels will issue sell signals. The ETF had a Golden Star Signal on Monday, March 25, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, March 25, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Ishares Stoxx Europe 600 ETF
Ishares Stoxx Europe 600 finds support from accumulated volume at 19.61€ 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 0.0780€ between high and low, or 0.397%. For the last week the ETF has had daily average volatility of 0.84%
Our recommended stop-loss: 18.80€ (-4.44%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)
Trading Expectations (EXV2.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Stoxx Europe 600 Telecommunications Ucits Etf (de) to open at 19.67€, and during the day (based on 14 day Average True Range), to move between 19.51€ and 19.84€, which gives a possible trading interval of +/-0.163€ (+/-0.83%) up or down from last closing price. If Ishares Stoxx Europe 600 Telecommunications Ucits Etf (de) takes out the full calculated possible swing range there will be an estimated 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 19.71€ (0.17%) than the support at 19.61€ (0.33%), 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 Telecommunications Ucits Etf (de) ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ishares Stoxx Europe 600 ETF to perform well in the short-term.
Current score: 2.810 Buy Candidate Unchanged
Predicted Opening Price for Ishares Stoxx Europe 600 Telecommunications Ucits Etf (de) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 19.67€ ( 0.0102%) | 19.67€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXV2.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.75 | 0.386% |
| R2 | 19.72 | 0.235% |
| R1 | 19.70 | 0.141% |
| Price | 19.67 | |
| S1 | 19.64 | -0.162% |
| S2 | 19.62 | -0.255% |
| S3 | 19.59 | -0.407% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.77 | 0.508% |
| R2 | 19.71 | 0.193% |
| R1 | 19.71 | 0.173% |
| Price | 19.67 | |
| S1 | 19.61 | -0.325% |
| S2 | 19.43 | -1.24% |
| S3 | 19.26 | -2.10% |
EXV2 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 15, 2024 | Apr 15, 2024 | 0.134€ | 0% |
| 2 | Jan 16, 2024 | Jan 16, 2024 | Jan 16, 2024 | 0.149€ | 0% |
| 3 | Oct 16, 2023 | Oct 16, 2023 | Oct 16, 2023 | 0.255€ | 0% |
| 4 | Jul 17, 2023 | Jul 17, 2023 | Jul 17, 2023 | 0.0673€ | 0% |
| 5 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | 0.126€ | 0% |
FAQ
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