Ishares V Plc - Ishares S&p 500 Consumer ETF Forecast
Ishares V Plc - Ishares S&p 500 Consumer ETF price ended at £1,006.25 on Friday, after gaining 1.59%.
(Updated on Jun 28, 2024)
The Ishares V Plc - Ishares S&p 500 Consumer ETF price gained 1.59% on the last trading day (Friday, 28th Jun 2024), rising from £990.49 to £1,006.25. During the last trading day the ETF fluctuated 0.720% from a day low at £1,006.25 to a day high of £1,013.50. The price has risen in 6 of the last 10 days and is up by 3.83% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately £1.72 million.
Given the current horizontal trend, you can expect Ishares V Plc - Ishares S&p 500 Consumer ETF with a 90% probability to be traded between £933.90 and £1,003.49 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. 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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ICDU.L Signals & Forecast
The Ishares V Plc - Ishares S&p 500 Consumer 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 £988.48 and £969.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 7.36%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ishares V Plc - Ishares S&p 500 Consumer ETF
Ishares V Plc - Ishares S&p 500 Consumer finds support from accumulated volume at £985.25 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 £7.25 between high and low, or 0.720%. For the last week the ETF has had daily average volatility of 0.613%.
The Ishares V Plc - Ishares S&p 500 Consumer ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: £970.63 (-3.54%) (This ETF has low daily movements and this gives low risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (ICDU.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares V Plc - Ishares S&p 500 Consumer Discretionary Sector Ucits Etf Usd (acc) to open at £1,008.67, and during the day (based on 14 day Average True Range), to move between £996.83 and £1,015.67, which gives a possible trading interval of +/-£9.42 (+/-0.94%) up or down from last closing price. If Ishares V Plc - Ishares S&p 500 Consumer Discretionary Sector Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £985.25, some £21.00 (2.09%) from the current price of £1,006.25, our system finds the risk reward attractive.
Is Ishares V Plc - Ishares S&p 500 Consumer Discretionary Sector Ucits Etf Usd (acc) ETF A Buy?
Ishares V Plc - Ishares S&p 500 Consumer 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 V Plc - Ishares S&p 500 Consumer Discretionary Sector Ucits Etf Usd (acc) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £1,008.67 ( 0.240%) | £1,006.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICDU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,015.92 | 0.96% |
| R2 | 1,013.15 | 0.685% |
| R1 | 1,011.44 | 0.515% |
| Price | 1,006.25 | |
| S1 | 1,005.90 | -0.0351% |
| S2 | 1,004.19 | -0.205% |
| S3 | 1,001.42 | -0.480% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,006.25 | |
| S1 | 985.25 | -2.09% |
| S2 | 984.00 | -2.21% |
| S3 | 977.25 | -2.88% |
FAQ
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