Ishares China Large Cap Ucits Etf ETF Forecast
Ishares China Large Cap Ucits Etf ETF downgraded from Sell Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Ishares China Large Cap Ucits Etf ETF price fell by -1.32% on the last day (Tuesday, 25th Jun 2024) from 3.18€ to 3.14€. During the last trading day the ETF fluctuated 0.191% from a day low at 3.14€ to a day high of 3.14€. The price has been going up and down for this period, and there has been a -0.07% loss for the last 2 weeks. Volume has increased on the last day by 1 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, 25 thousand shares were bought and sold for approximately 78.97€ thousand.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 3.13€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 12.37% during the next 3 months and, with a 90% probability hold a price between 3.52€ and 4.06€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FXAC.AS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares China Large Cap Ucits Etf ETF 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 3.16€ and 3.20€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -8.76%. Further fall is indicated until a new bottom pivot has been found. Ishares China Large Cap Ucits Etf 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.
Support, Risk & Stop-loss for Ishares China Large Cap Ucits Etf ETF
Ishares China Large Cap Ucits Etf finds support from accumulated volume at 3.14€ 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 0.0060€ between high and low, or 0.191%. For the last week the ETF has had daily average volatility of 0.652%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FXAC.AS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares China Large Cap Ucits Etf to open at 3.14€, and during the day (based on 14 day Average True Range), to move between 3.10€ and 3.18€, which gives a possible trading interval of +/-0.0415€ (+/-1.32%) up or down from last closing price. If Ishares China Large Cap Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.14€ (0.07%) than the support at 3.14€ (0.11%), 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 China Large Cap Ucits Etf ETF A Buy?
The Ishares China Large Cap Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Ishares China Large Cap Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.067 Strong Sell Candidate Downgraded
Predicted Opening Price for Ishares China Large Cap Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 3.14€ ( 0.0637%) | 3.14€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FXAC.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.15 | 0.255% |
| R2 | 3.14 | 0.182% |
| R1 | 3.14 | 0.137% |
| Price | 3.14 | |
| S1 | 3.14 | -0.0093% |
| S2 | 3.14 | -0.0544% |
| S3 | 3.13 | -0.127% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.32 | 5.77% |
| R2 | 3.16 | 0.781% |
| R1 | 3.14 | 0.0733% |
| Price | 3.14 | |
| S1 | 3.14 | -0.105% |
| S2 | 3.13 | -0.401% |
| S3 | 2.84 | -9.52% |
FAQ
Click here for our free guide on how to buy Ishares China Large Cap Ucits Etf ETF.
