Ishares Edge Msci World Multifactor ETF Forecast
Ishares Edge Msci World Multifactor ETF downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Ishares Edge Msci World Multifactor ETF price gained 0.462% on the last trading day (Friday, 28th Jun 2024), rising from £838.00 to £841.88. During the last trading day the ETF fluctuated 0.613% from a day low at £840.85 to a day high of £846.00. The price has risen in 6 of the last 10 days and is up by 1.89% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately £22.32 million.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £841.18 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach £871.16 sometime during the next 3 months.
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FSWD.L Signals & Forecast
The Ishares Edge Msci World Multifactor 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 £838.86 and £828.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 3.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Monday, July 17, 2023 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, July 17, 2023 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 Edge Msci World Multifactor ETF
Ishares Edge Msci World Multifactor finds support from accumulated volume at £840.00 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 £5.15 between high and low, or 0.613%. For the last week the ETF has had daily average volatility of 0.346%.
The Ishares Edge Msci World Multifactor ETF is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: £800.43 (-4.92%) (This ETF has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (FSWD.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Edge Msci World Multifactor Ucits Etf Usd (acc) to open at £842.91, and during the day (based on 14 day Average True Range), to move between £836.85 and £846.90, which gives a possible trading interval of +/-£5.02 (+/-0.60%) up or down from last closing price. If Ishares Edge Msci World Multifactor Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 1.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £840.00, some £1.88 (0.22%) from the current price of £841.88, our system finds the risk reward attractive.
Is Ishares Edge Msci World Multifactor Ucits Etf Usd (acc) ETF A Buy?
Ishares Edge Msci World Multifactor 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ishares Edge Msci World Multifactor Ucits Etf Usd (acc) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £842.91 ( 0.123%) | £841.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSWD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 848.06 | 0.735% |
| R2 | 846.09 | 0.501% |
| R1 | 844.88 | 0.356% |
| Price | 841.88 | |
| S1 | 840.94 | -0.111% |
| S2 | 839.72 | -0.256% |
| S3 | 837.75 | -0.490% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 841.88 | |
| S1 | 840.00 | -0.223% |
| S2 | 838.00 | -0.460% |
| S3 | 835.38 | -0.771% |
FAQ
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