Ishares Msci China Ucits Etf ETF Forecast
Ishares Msci China Ucits Etf ETF price ended at 3.96€ on Thursday, after losing 1.33%.
(Updated on Jun 20, 2024)
The Ishares Msci China Ucits Etf ETF price fell by -1.33% on the last day (Thursday, 20th Jun 2024) from 4.01€ to 3.96€. During the last trading day the ETF fluctuated 1.22% from a day low at 3.95€ to a day high of 4.00€. The price has risen in 6 of the last 10 days but is still down by -0.43% for this period. Volume has increased on the last day by 32 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, 144 thousand shares were bought and sold for approximately 570.34€ thousand.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 3.95€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 13.84% during the next 3 months and, with a 90% probability hold a price between 4.50€ and 5.08€ at the end of this 3-month period.
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ICGA.F Signals & Forecast
There are mixed signals in the ETF today. The Ishares Msci China Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 4.02€. On a fall, the ETF will find some support from the short-term average at 3.95€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -6.88%. Further fall is indicated until a new bottom pivot has been found. Ishares Msci China Ucits Etf 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". Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ishares Msci China Ucits Etf ETF
On the downside, the ETF finds support just below today's level from accumulated volume at 3.61€ and 3.57€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Ishares Msci China Ucits Etf finds support just below today's level at 3.61€. If this is broken, then the next support from accumulated volume will be at 3.57€ and 3.55€.
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 0.0480€ between high and low, or 1.22%. For the last week the ETF has had daily average volatility of 0.778%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICGA.F) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Ishares Msci China Ucits Etf to open at 3.97€, and during the day (based on 14 day Average True Range), to move between 3.91€ and 4.01€, which gives a possible trading interval of +/-0.0501€ (+/-1.27%) up or down from last closing price. If Ishares Msci China Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.01€ (1.33%) than the support at 3.61€ (8.78%), 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 Msci China Ucits Etf ETF A Buy?
Ishares Msci China Ucits Etf holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.535 Sell Candidate Unchanged
Predicted Opening Price for Ishares Msci China Ucits Etf of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
3.97€ ( 0.278%) | 3.96€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICGA.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.02 | 1.49% |
R2 | 4.00 | 1.03% |
R1 | 3.99 | 0.741% |
Price | 3.96 | |
S1 | 3.95 | -0.185% |
S2 | 3.94 | -0.472% |
S3 | 3.92 | -0.93% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.13 | 4.36% |
R2 | 4.03 | 1.83% |
R1 | 4.01 | 1.33% |
Price | 3.96 | |
S1 | 3.61 | -8.78% |
S2 | 3.57 | -9.79% |
S3 | 3.55 | -10.30% |
FAQ
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