Ishares € Corp Bond Large Cap Ucits ETF Forecast
Ishares € Corp Bond Large Cap Ucits ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Ishares € Corp Bond Large Cap Ucits ETF price gained 0.0943% on the last trading day (Friday, 28th Jun 2024), rising from 121.98€ to 122.10€. During the last trading day the ETF fluctuated 0.106% from a day low at 122.10€ to a day high of 122.23€. The price has risen in 6 of the last 10 days but is still down by -0.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately 602.54€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares € Corp Bond Large Cap Ucits ETF with a 90% probability to be traded between 120.75€ and 122.22€ 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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IBCX.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.0984%. Further rise is indicated until a new top pivot has been found. Ishares € Corp Bond Large Cap Ucits has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares € Corp Bond Large Cap Ucits 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 122.13€ and 122.39€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.
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.
Golden Star
The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.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.
A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -0.310% to 121.71€ within 14 trading days since signal was issued (Tuesday, June 25, 2024).
Support, Risk & Stop-loss for Ishares € Corp Bond Large Cap Ucits ETF
Ishares € Corp Bond Large Cap Ucits finds support from accumulated volume at 122.05€ 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 0.130€ between high and low, or 0.106%. For the last week the ETF has had daily average volatility of 0.228%.
Our recommended stop-loss: 111.18€ (-8.94%) (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 (IBCX.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares € Corp Bond Large Cap Ucits Etf to open at 122.14€, and during the day (based on 14 day Average True Range), to move between 121.71€ and 122.48€, which gives a possible trading interval of +/-0.380€ (+/-0.31%) up or down from last closing price. If Ishares € Corp Bond Large Cap Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 122.05€ (0.04%) than the resistance at 122.20€ (0.08%), 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 € Corp Bond Large Cap Ucits Etf ETF A Buy?
Ishares € Corp Bond Large Cap Ucits 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 € Corp Bond Large Cap Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 122.14€ ( 0.0355%) | 122.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBCX.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 122.27 | 0.142% |
| R2 | 122.22 | 0.101% |
| R1 | 122.19 | 0.0762% |
| Price | 122.10 | |
| S1 | 122.09 | -0.0052% |
| S2 | 122.06 | -0.0303% |
| S3 | 122.01 | -0.0710% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 123.18 | 0.89% |
| R2 | 122.47 | 0.307% |
| R1 | 122.20 | 0.0840% |
| Price | 122.10 | |
| S1 | 122.05 | -0.0369% |
| S2 | 121.97 | -0.102% |
| S3 | 121.96 | -0.111% |
IBCX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 27, 2024 | 0.81€ | 0.657% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | 0.789€ | 0.636% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Sep 27, 2023 | 0.779€ | 0.662% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 28, 2023 | 0.704€ | 0.591% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 29, 2023 | 0.595€ | 0.500% |
FAQ
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