Ishares Core Euro Stoxx 50 Ucits Etf ETF Forecast

Red day on Tuesday for Ishares Core Euro Stoxx 50 Ucits Etf
(Updated on Jun 25, 2024)

EXW1.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.12%. 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 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 51.14€. On a fall, the ETF will find some support from the short-term average at 49.90€. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 8.30% to 54.23€ within 43 trading days since signal was issued (Thursday, August 15, 2024).

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 0.265€ between high and low, or 0.532%. For the last week the ETF has had daily average volatility of 0.87%.

Our recommended stop-loss: 47.06€ (-6.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (EXW1.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Ishares Core Euro Stoxx 50 Ucits Etf (de) to open at 50.00€, and during the day (based on 14 day Average True Range), to move between 49.47€ and 50.67€, which gives a possible trading interval of +/-0.599€ (+/-1.20%) 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 2.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 49.64€ (0.86%) than the resistance at 50.76€ (1.38%), 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 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.

Current score: 0.399 Hold/Accumulate Unchanged

Predicted Opening Price for Ishares Core Euro Stoxx 50 Ucits Etf (de) of Wednesday, June 26, 2024

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