Ishares € Inflation Linked Govt Bond ETF Forecast
Ishares € Inflation Linked Govt Bond ETF price ended at £189.72 on Friday, after losing 0.0421%.
(Updated on Jun 28, 2024)
The Ishares € Inflation Linked Govt Bond ETF price fell by -0.0421% on the last day (Friday, 28th Jun 2024) from £189.80 to £189.72. During the last trading day the ETF fluctuated 0.285% from a day low at £189.18 to a day high of £189.72. The price has fallen in 7 of the last 10 days and is down by -0.43% for this period. Volume has increased on the last day by 63 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, 63 shares were bought and sold for approximately £11.95 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 -2.51% during the next 3 months and, with a 90% probability hold a price between £183.11 and £188.19 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
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 0.386%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 £190.14 and £191.89. A break-up above any of these levels will issue buy signals. Ishares € Inflation Linked Govt Bond 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 € 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £0.540 between high and low, or 0.285%. For the last week the ETF has had daily average volatility of 0.303%.
Our recommended stop-loss: £180.52 (-4.85%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (IBCI.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares € Inflation Linked Govt Bond Ucits Etf to open at £189.54, and during the day (based on 14 day Average True Range), to move between £188.89 and £190.55, which gives a possible trading interval of +/-£0.83 (+/-0.44%) 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 0.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £189.65 (0.04%) than the resistance at £190.53 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares € Inflation Linked Govt Bond Ucits Etf ETF A Buy?
Ishares € Inflation Linked Govt Bond holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 € Inflation Linked Govt Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £189.54 ( 0.0949%) | £189.72 |
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 | 190.08 | 0.190% |
| R2 | 189.87 | 0.0810% |
| R1 | 189.75 | 0.0139% |
| Price | 189.72 | |
| S1 | 189.33 | -0.204% |
| S2 | 189.21 | -0.271% |
| S3 | 189.00 | -0.380% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 194.14 | 2.33% |
| R2 | 192.24 | 1.33% |
| R1 | 190.53 | 0.427% |
| Price | 189.72 | |
| S1 | 189.65 | -0.0369% |
| S2 | 188.99 | -0.385% |
| S3 | 0 | - |
FAQ
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