Ishares Core Euro Stoxx 50 Ucits Etf ETF Forecast

Ishares Core Euro Stoxx 50 Ucits Etf ETF downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 20, 2024)

EXW1.F Signals & Forecast

There are mixed signals in the ETF today. The Ishares Core Euro Stoxx 50 Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 51.17€. On a fall, the ETF will find some support from the short-term average at 50.16€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.44%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, June 06, 2024 with a target of 51.45€. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.

Support, Risk & Stop-loss for Ishares Core Euro Stoxx 50 Ucits Etf ETF

Ishares Core Euro Stoxx 50 Ucits Etf finds support from accumulated volume at 49.64€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.505€ between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 1.24%.

Our recommended stop-loss: 47.49€ (-5.45%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (EXW1.F) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Ishares Core Euro Stoxx 50 Ucits Etf (de) to open at 50.06€, and during the day (based on 14 day Average True Range), to move between 49.62€ and 50.84€, which gives a possible trading interval of +/-0.611€ (+/-1.22%) up or down from last closing price. If Ishares Core Euro Stoxx 50 Ucits Etf (de) takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 50.76€ (1.06%) than the support at 49.64€ (1.17%), 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 Core Euro Stoxx 50 Ucits Etf (de) ETF A Buy?

Ishares Core Euro Stoxx 50 Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.495 Hold/Accumulate Downgraded

Predicted Opening Price for Ishares Core Euro Stoxx 50 Ucits Etf (de) of Friday, June 21, 2024

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