Ishares Msci South Africa Ucits Etf ETF Forecast

Green day on Friday for Ishares Msci South Africa Ucits Etf ETF after gaining 2.73%
(Updated on Jun 28, 2024)

IBC4.F Signals & Forecast

The Ishares Msci South Africa Ucits Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 31.34€. On a fall, the ETF will find some support from the long-term average at approximately 30.07€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -3.46%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, November 24, 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 Msci South Africa Ucits Etf ETF

Ishares Msci South Africa Ucits Etf finds support from accumulated volume at 30.22€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.82€ between high and low, or 2.67%. For the last week the ETF has had daily average volatility of 1.97%.

Our recommended stop-loss: 30.30€ (-3.12%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (IBC4.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ishares Msci South Africa Ucits Etf to open at 31.20€, and during the day (based on 14 day Average True Range), to move between 30.62€ and 31.94€, which gives a possible trading interval of +/-0.663€ (+/-2.12%) up or down from last closing price. If Ishares Msci South Africa Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 31.44€ (0.51%) than the support at 30.22€ (3.39%), 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 Msci South Africa Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ishares Msci South Africa Ucits Etf ETF to perform well in the short-term.

Current score: 3.429 Buy Candidate Unchanged

Predicted Opening Price for Ishares Msci South Africa Ucits Etf of Monday, July 1, 2024

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