Ishares € Inflation Linked Govt Bond ETF Forecast
Ishares € Inflation Linked Govt Bond ETF price down 0.205% on Friday
(Updated on Jun 28, 2024)
The Ishares € Inflation Linked Govt Bond ETF price fell by -0.205% on the last day (Friday, 28th Jun 2024) from 224.14€ to 223.68€. During the last trading day the ETF fluctuated 0.435% from a day low at 223.23€ to a day high of 224.20€. The price has fallen in 7 of the last 10 days and is down by -0.85% for this period. Volume has increased on the last day by 2 thousand 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, 3 thousand shares were bought and sold for approximately 718.24€ thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 222.96€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ishares € Inflation Linked Govt Bond ETF with a 90% probability to be traded between 220.91€ and 224.63€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IBCI.MI 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 € 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 224.51€ and 225.41€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.27%. Further fall is indicated until a new bottom pivot has been found. 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".
A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 3.11% to 230.63€ within 9 trading days since signal was issued (Monday, June 24, 2024).
Support, Risk & Stop-loss for Ishares € Inflation Linked Govt Bond ETF
Ishares € Inflation Linked Govt Bond finds support from accumulated volume at 223.40€ 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 0.97€ between high and low, or 0.435%. For the last week the ETF has had daily average volatility of 0.487%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IBCI.MI) 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 223.70€, and during the day (based on 14 day Average True Range), to move between 222.50€ and 224.86€, which gives a possible trading interval of +/-1.18€ (+/-0.53%) 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 1.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 223.40€ (0.13%) than the resistance at 226.50€ (1.26%), 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 is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.733 Sell Candidate Unchanged
Predicted Opening Price for Ishares € Inflation Linked Govt Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 223.70€ ( 0.0104%) | 223.68€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBCI.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 224.67 | 0.444% |
| R2 | 224.30 | 0.278% |
| R1 | 224.07 | 0.176% |
| Price | 223.68 | |
| S1 | 223.33 | -0.155% |
| S2 | 223.10 | -0.258% |
| S3 | 222.73 | -0.423% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 227.57 | 1.74% |
| R2 | 226.79 | 1.39% |
| R1 | 226.50 | 1.26% |
| Price | 223.68 | |
| S1 | 223.40 | -0.125% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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