Ishares Msci Brazil Ucits Etf Usd (dist) ETF Forecast
Red day on Wednesday for Ishares Msci Brazil Ucits Etf Usd (dist)
(Updated on Jun 19, 2024)
The Ishares Msci Brazil Ucits Etf Usd (dist) ETF price fell by -1.16% on the last day (Wednesday, 19th Jun 2024) from £1,731.25 to £1,711.13. During the last trading day the ETF fluctuated 0% from a day low at £1,711.13 to a day high of £1,711.13. The price has been going up and down for this period, and there has been a -6.39% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -6 thousand shares and in total, 0 shares were bought and sold for approximately £0 .
The ETF lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £1,702.14 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -12.22% during the next 3 months and, with a 90% probability hold a price between £1,494.22 and £1,701.30 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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IBZL.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Msci Brazil Ucits Etf Usd (dist) 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 £1,740.21 and £1,909.50. 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). 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ishares Msci Brazil Ucits Etf Usd (dist) ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 2.05%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IBZL.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Ishares Msci Brazil Ucits Etf Usd (dist) to open at £1,711.13, and during the day (based on 14 day Average True Range), to move between £1,658.99 and £1,763.26, which gives a possible trading interval of +/-£52.14 (+/-3.05%) up or down from last closing price. If Ishares Msci Brazil Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £1,726.88, some £15.75 (0.92%) from the current price of £1,711.13, our system finds the risk reward not very attractive.
Is Ishares Msci Brazil Ucits Etf Usd (dist) ETF A Buy?
Ishares Msci Brazil Ucits Etf Usd (dist) holds several negative signals and is within a wide 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: -1.472 Sell Candidate Unchanged
Predicted Opening Price for Ishares Msci Brazil Ucits Etf Usd (dist) of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £1,711.13 ( 0%) | £1,711.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBZL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,711.13 | - |
| R2 | 1,711.13 | - |
| R1 | 1,711.13 | - |
| Price | 1,711.13 | |
| S1 | 1,711.13 | - |
| S2 | 1,711.13 | - |
| S3 | 1,711.13 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,068.38 | 20.88% |
| R2 | 1,995.63 | 16.63% |
| R1 | 1,726.88 | 0.92% |
| Price | 1,711.13 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
IBZL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 27, 2024 | £20.36 | 1.00% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | £0.229 | 0.0105% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Sep 27, 2023 | £41.06 | 2.10% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 28, 2023 | £39.09 | 1.91% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 29, 2023 | £15.20 | 0.87% |
FAQ
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