Ishares Global Corp Bond Eur Hedged ETF Forecast
Stronger technical forecast for Ishares Global Corp Bond Eur Hedged ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Ishares Global Corp Bond Eur Hedged ETF price fell by -0.0443% on the last day (Friday, 28th Jun 2024) from 85.78€ to 85.75€. During the last trading day the ETF fluctuated 0.435% from a day low at 85.52€ to a day high of 85.89€. The price has risen in 6 of the last 10 days but is still down by -0.39% for this period. Volume has increased on the last day by 7 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, 13 thousand shares were bought and sold for approximately 1.09€ million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 86.11€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Ishares Global Corp Bond Eur Hedged ETF with a 90% probability to be traded between 83.93€ and 86.33€ 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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IBCQ.F Signals & Forecast
The Ishares Global Corp Bond Eur Hedged ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 85.74€ and 85.38€. A breakdown below any of these levels will issue sell signals. 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 Friday, June 14, 2024, and so far it has fallen -0.388%. Further fall is indicated until a new bottom pivot has been found. Ishares Global Corp Bond Eur Hedged 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".
Support, Risk & Stop-loss for Ishares Global Corp Bond Eur Hedged ETF
Ishares Global Corp Bond Eur Hedged finds support from accumulated volume at 85.44€ 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 0.372€ between high and low, or 0.435%. For the last week the ETF has had daily average volatility of 0.403%.
Our recommended stop-loss: 83.21€ (-2.95%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (IBCQ.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Global Corp Bond Eur Hedged Ucits Etf (dist) to open at 85.72€, and during the day (based on 14 day Average True Range), to move between 85.31€ and 86.18€, which gives a possible trading interval of +/-0.432€ (+/-0.50%) up or down from last closing price. If Ishares Global Corp Bond Eur Hedged Ucits Etf (dist) takes out the full calculated possible swing range there will be an estimated 1.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 85.91€ (0.19%) than the support at 85.44€ (0.36%), 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 Global Corp Bond Eur Hedged Ucits Etf (dist) ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ishares Global Corp Bond Eur Hedged ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.425 Buy Candidate Upgraded
Predicted Opening Price for Ishares Global Corp Bond Eur Hedged Ucits Etf (dist) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 85.72€ ( 0.0311%) | 85.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBCQ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.09 | 0.403% |
| R2 | 85.95 | 0.237% |
| R1 | 85.86 | 0.135% |
| Price | 85.75 | |
| S1 | 85.58 | -0.197% |
| S2 | 85.49 | -0.299% |
| S3 | 85.35 | -0.465% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.67 | 1.08% |
| R2 | 86.48 | 0.86% |
| R1 | 85.91 | 0.191% |
| Price | 85.75 | |
| S1 | 85.44 | -0.357% |
| S2 | 84.83 | -1.07% |
| S3 | 83.57 | -2.54% |
FAQ
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