Barclays ETN FI Enhanced Europe 50 ETN Stock Forecast
Barclays ETN FI Enhanced Europe 50 ETN stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Barclays ETN FI Enhanced Europe 50 ETN stock price fell by -0.278% on the last day (Tuesday, 2nd Jul 2024) from $25.18 to $25.11. During the last trading day the stock fluctuated 0.0398% from a day low at $25.11 to a day high of $25.12. The price has been going up and down for this period, and there has been a -1.41% loss for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $65.96 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $24.97 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Barclays ETN FI Enhanced Europe 50 ETN stock with a 90% probability to be traded between $25.12 and $27.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FLEU Signals & Forecast
There are mixed signals in the stock today. The Barclays ETN FI Enhanced Europe 50 ETN stock 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $26.08. On a fall, the stock will find some support from the short-term average at $25.11. 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). Barclays ETN FI Enhanced Europe 50 ETN gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 0.601%. Further rise is indicated until a new top pivot has been found.
A buy signal from a double bottom formation was found on Friday, June 28, 2024 and based on theory for this formation the price should go up by 10.57% to $27.77 within 46 trading days since signal was issued (Wednesday, September 04, 2024).
Support, Risk & Stop-loss for Barclays ETN FI Enhanced Europe 50 ETN stock
Barclays ETN FI Enhanced Europe 50 ETN finds support from accumulated volume at $25.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 0.0398%. For the last week, the stock has had daily average volatility of 0.456%.
Our recommended stop-loss: $23.82 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (FLEU) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Barclays ETN FI Enhanced Europe 50 ETN Series B to open at $25.11, and during the day (based on 14 day Average True Range), to move between $24.82 and $25.40, which gives a possible trading interval of +/-$0.290 (+/-1.15%) up or down from last closing price. If Barclays ETN FI Enhanced Europe 50 ETN Series B takes out the full calculated possible swing range there will be an estimated 2.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.17 (0.25%) than the support at $25.04 (0.28%), 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 Barclays ETN FI Enhanced Europe 50 ETN Series B stock A Buy?
Barclays ETN FI Enhanced Europe 50 ETN 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 stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.459 Hold/Accumulate Downgraded
Predicted Opening Price for Barclays ETN FI Enhanced Europe 50 ETN Series B of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $25.11 ( 0.0133%) | $25.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLEU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.12 | 0.0531% |
| R2 | 25.12 | 0.0379% |
| R1 | 25.12 | 0.0285% |
| Price | 25.11 | |
| S1 | 25.11 | -0.0019% |
| S2 | 25.11 | -0.0113% |
| S3 | 25.10 | -0.0265% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.81 | 6.75% |
| R2 | 25.99 | 3.50% |
| R1 | 25.17 | 0.251% |
| Price | 25.11 | |
| S1 | 25.04 | -0.279% |
| S2 | 24.96 | -0.597% |
| S3 | 24.87 | -0.96% |
FLEU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 05, 2024 | Jun 21, 2024 | Jun 28, 2024 | $0.455 | 1.83% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.438 | 1.83% |
| 3 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | $0.351 | 1.45% |
| 4 | Dec 16, 2022 | Dec 16, 2022 | Dec 16, 2022 | $4.39 | 20.34% |
| 5 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | $0.237 | 0.97% |
FAQ
Click here for our free guide on how to buy Barclays ETN FI Enhanced Europe 50 ETN Series B Stock.
