Ishares € Govt Bond 7-10yr Ucits Etf ETF Forecast

Ishares € Govt Bond 7-10yr Ucits Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

IBCM.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 0.83%. 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 € Govt Bond 7-10yr Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 185.55€ and 185.50€. 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 ETF had a Golden Star Signal on Friday, July 14, 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 € Govt Bond 7-10yr Ucits Etf ETF

Ishares € Govt Bond 7-10yr Ucits Etf finds support from accumulated volume at 184.75€ 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 0.560€ between high and low, or 0.303%. For the last week the ETF has had daily average volatility of 0.365%

Our recommended stop-loss: 174.34€ (-5.69%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Ishares € Govt Bond 7-10yr Ucits Etf to open at 184.83€, and during the day (based on 14 day Average True Range), to move between 184.02€ and 185.69€, which gives a possible trading interval of +/-0.83€ (+/-0.45%) up or down from last closing price. If Ishares € Govt Bond 7-10yr Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 184.75€ (0.06%) than the resistance at 185.74€ (0.48%), 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 € Govt Bond 7-10yr Ucits Etf ETF A Buy?

Ishares € Govt Bond 7-10yr Ucits Etf 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.750 Hold/Accumulate Upgraded

Predicted Opening Price for Ishares € Govt Bond 7-10yr Ucits Etf of Monday, July 1, 2024

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