Ishares € Covered Bond Ucits Etf ETF Forecast
Ishares € Covered Bond Ucits Etf ETF price ended at 139.37€ on Friday, after gaining 0.0718%.
(Updated on Jun 28, 2024)
The Ishares € Covered Bond Ucits Etf ETF price gained 0.0718% on the last trading day (Friday, 28th Jun 2024), rising from 139.27€ to 139.37€. During the last trading day the ETF fluctuated 0.302% from a day low at 139.03€ to a day high of 139.45€. The price has been going up and down for this period, and there has been a -0.02% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 270.66€ 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 € Covered Bond Ucits Etf ETF with a 90% probability to be traded between 138.99€ and 140.37€ 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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ICOV.AS Signals & Forecast
The Ishares € Covered 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 139.37€ and 138.89€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares € Covered Bond Ucits Etf 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.115%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 2024.
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 Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 2024.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 Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 2024.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 Friday, June 21, 2024 and based on theory for this formation the price should fall by -1.54% to 137.23€ within 27 trading days since signal was issued (Tuesday, July 30, 2024).
Support, Risk & Stop-loss for Ishares € Covered Bond Ucits Etf ETF
Ishares € Covered Bond Ucits Etf finds support from accumulated volume at 139.33€ 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 0.420€ between high and low, or 0.302%. For the last week the ETF has had daily average volatility of 0.295%.
Our recommended stop-loss: 134.21€ (-3.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (ICOV.AS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares € Covered Bond Ucits Etf to open at 139.28€, and during the day (based on 14 day Average True Range), to move between 138.94€ and 139.80€, which gives a possible trading interval of +/-0.428€ (+/-0.31%) up or down from last closing price. If Ishares € Covered Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 139.40€ (0.02%) than the support at 139.33€ (0.03%), 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 € Covered 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 € Covered Bond Ucits Etf ETF to perform well in the short-term period.
Current score: 2.139 Buy Candidate Unchanged
Predicted Opening Price for Ishares € Covered Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 139.28€ ( 0.0622%) | 139.37€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICOV.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 139.70 | 0.239% |
| R2 | 139.54 | 0.124% |
| R1 | 139.44 | 0.0529% |
| Price | 139.37 | |
| S1 | 139.12 | -0.177% |
| S2 | 139.02 | -0.248% |
| S3 | 138.86 | -0.364% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 139.53 | 0.115% |
| R2 | 139.52 | 0.108% |
| R1 | 139.40 | 0.0215% |
| Price | 139.37 | |
| S1 | 139.33 | -0.0287% |
| S2 | 138.12 | -0.90% |
| S3 | 137.81 | -1.12% |
FAQ
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