Ishares € Inflation Linked Govt Bond ETF Forecast
Ishares € Inflation Linked Govt Bond ETF price down 0.168% on Tuesday
(Updated on Jun 25, 2024)
The Ishares € Inflation Linked Govt Bond ETF price fell by -0.168% on the last day (Tuesday, 25th Jun 2024) from £190.45 to £190.13. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.637% from a day low at £189.85 to a day high of £191.06. The price has fallen in 6 of the last 10 days but is still up by 0.6% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -100 shares and in total, 150 shares were bought and sold for approximately £28.52 thousand.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.30% during the next 3 months and, with a 90% probability hold a price between £183.82 and £189.01 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IBCI.L Signals & Forecast
There are mixed signals in the ETF today. The Ishares € Inflation Linked Govt Bond 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 £190.59 and £192.35. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. 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 Monday, June 10, 2024, and so far it has risen 0.603%. 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).
Support, Risk & Stop-loss for Ishares € Inflation Linked Govt Bond ETF
Ishares € Inflation Linked Govt Bond finds support from accumulated volume at £189.65 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £1.21 between high and low, or 0.637%. For the last week the ETF has had daily average volatility of 0.399%
Our recommended stop-loss: £178.54 (-6.10%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (IBCI.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares € Inflation Linked Govt Bond Ucits Etf to open at £190.35, and during the day (based on 14 day Average True Range), to move between £189.19 and £191.07, which gives a possible trading interval of +/-£0.94 (+/-0.50%) up or down from last closing price. If Ishares € Inflation Linked Govt Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £190.53 (0.21%) than the support at £189.65 (0.25%), 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 € Inflation Linked Govt Bond Ucits Etf ETF A Buy?
Ishares € Inflation Linked Govt Bond 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.
Current score: -0.195 Hold/Accumulate Unchanged
Predicted Opening Price for Ishares € Inflation Linked Govt Bond Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £190.35 ( 0.114%) | £190.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBCI.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 191.56 | 0.750% |
| R2 | 191.09 | 0.507% |
| R1 | 190.81 | 0.357% |
| Price | 190.13 | |
| S1 | 189.88 | -0.129% |
| S2 | 189.60 | -0.279% |
| S3 | 189.14 | -0.522% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 194.14 | 2.11% |
| R2 | 192.24 | 1.11% |
| R1 | 190.53 | 0.210% |
| Price | 190.13 | |
| S1 | 189.65 | -0.252% |
| S2 | 188.99 | -0.600% |
| S3 | 0 | - |
FAQ
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