Barclays ETN FI Enhanced Europe 50 ETN Stock 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
Red day on Friday for Barclays ETN FI Enhanced Europe 50 ETN
(Updated on Jun 28, 2024)
The Barclays ETN FI Enhanced Europe 50 ETN stock price fell by -0.319% on the last day (Friday, 28th Jun 2024) from $25.04 to $24.96. During the last trading day the stock fluctuated 0.683% from a day low at $24.88 to a day high of $25.05. The price has been going up and down for this period, and there has been a -3.29% loss for the last 2 weeks. Volume has increased on the last day by 3 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, 6 thousand shares were bought and sold for approximately $158.80 thousand.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $25.10 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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FLEU Signals & Forecast
There are few to no technical positive signals at the moment. The Barclays ETN FI Enhanced Europe 50 ETN stock 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 $25.18 and $26.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -7.28%. 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). 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".
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 $24.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.170 (0.683%) between high and low. For the last week, the stock has had daily average volatility of 0.503%.
Barclays ETN FI Enhanced Europe 50 ETN is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLEU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Barclays ETN FI Enhanced Europe 50 ETN Series B to open at $24.96, and during the day (based on 14 day Average True Range), to move between $24.65 and $25.27, which gives a possible trading interval of +/-$0.313 (+/-1.25%) 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 2.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.92 (0.17%) than the resistance at $25.17 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Barclays ETN FI Enhanced Europe 50 ETN Series B stock A Buy?
Barclays ETN FI Enhanced Europe 50 ETN holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.821 Sell Candidate Unchanged
Predicted Opening Price for Barclays ETN FI Enhanced Europe 50 ETN Series B of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.96 ( 0.0134%) | $24.96 |
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 | 25.13 | 0.694% |
| R2 | 25.07 | 0.434% |
| R1 | 25.03 | 0.274% |
| Price | 24.96 | |
| S1 | 24.90 | -0.247% |
| S2 | 24.86 | -0.408% |
| S3 | 24.79 | -0.668% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.81 | 7.39% |
| R2 | 25.99 | 4.13% |
| R1 | 25.17 | 0.85% |
| Price | 24.96 | |
| S1 | 24.92 | -0.165% |
| S2 | 24.87 | -0.345% |
| S3 | 24.87 | -0.361% |
FLEU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 05, 2024 | Jun 21, 2024 | Jun 28, 2024 | $0.455 | 1.82% |
| 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
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