Ishares China Cny Bond Ucits Etf ETF Forecast
Green day on Friday for Ishares China Cny Bond Ucits Etf ETF after gaining 0.292%
(Updated on Jun 21, 2024)
The Ishares China Cny Bond Ucits Etf ETF price gained 0.292% on the last trading day (Friday, 21st Jun 2024), rising from 4.80€ to 4.81€. During the last trading day the ETF fluctuated 0.459% from a day low at 4.79€ to a day high of 4.81€. The price has been going up and down for this period, and there has been a 0.15% gain for the last 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 15 thousand shares were bought and sold for approximately 70.76€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 China Cny Bond Ucits Etf ETF with a 90% probability to be traded between 4.75€ and 4.85€ 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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ICGB.F Signals & Forecast
The Ishares China Cny Bond Ucits Etf 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 4.79€ and 4.79€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.82%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, June 13, 2024 with a target of 4.80€. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Ishares China Cny Bond Ucits Etf ETF
Ishares China Cny Bond Ucits Etf finds support from accumulated volume at 4.78€ 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 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 0.0220€ between high and low, or 0.459%. For the last week the ETF has had daily average volatility of 0.417%
Our recommended stop-loss: 4.56€ (-5.08%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ICGB.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Ishares China Cny Bond Ucits Etf to open at 4.80€, and during the day (based on 14 day Average True Range), to move between 4.78€ and 4.83€, which gives a possible trading interval of +/-0.0253€ (+/-0.53%) up or down from last closing price. If Ishares China Cny Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.81€ (0.02%) than the support at 4.78€ (0.60%), 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 China Cny Bond Ucits Etf 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 China Cny Bond Ucits Etf ETF to perform well in the short-term period.
Current score: 2.009 Buy Candidate Unchanged
Predicted Opening Price for Ishares China Cny Bond Ucits Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 4.80€ ( 0.112%) | 4.81€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICGB.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.83 | 0.345% |
| R2 | 4.82 | 0.170% |
| R1 | 4.81 | 0.0625% |
| Price | 4.81 | |
| S1 | 4.80 | -0.287% |
| S2 | 4.79 | -0.395% |
| S3 | 4.78 | -0.570% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.86 | 1.06% |
| R2 | 4.83 | 0.437% |
| R1 | 4.81 | 0.0208% |
| Price | 4.81 | |
| S1 | 4.78 | -0.603% |
| S2 | 4.77 | -0.81% |
| S3 | 4.76 | -1.02% |
ICGB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | 0.0585€ | 0% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 28, 2023 | 0.0612€ | 0% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 30, 2022 | 0.0625€ | 0% |
| 4 | Jun 16, 2022 | Jun 16, 2022 | Jun 29, 2022 | 0.0736€ | 0% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 31, 2021 | 0.0689€ | 0% |
FAQ
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