Ishares China Large Cap Ucits Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ishares China Large Cap Ucits Etf ETF price ended at £76.49 on Thursday, after losing 0%.
(Updated on Jun 27, 2024)
No changes to the price of Ishares China Large Cap Ucits Etf ETF on the last trading day (Thursday, 27th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £76.49 to a day high of £76.49. The price has risen in 5 of the last 10 days but is still down by -0.26% for this period.
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 £75.73 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 11.38% during the next 3 months and, with a 90% probability hold a price between £84.35 and £99.32 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IDFX.L Signals & Forecast
There are mixed signals in the ETF today. The Ishares China Large Cap Ucits Etf 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 £77.11 and £78.70. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.0523%. 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).
Support, Risk & Stop-loss for Ishares China Large Cap Ucits Etf ETF
Ishares China Large Cap Ucits Etf finds support from accumulated volume at £75.68 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.754%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IDFX.L) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ishares China Large Cap Ucits Etf to open at £76.49, and during the day (based on 14 day Average True Range), to move between £75.42 and £77.56, which gives a possible trading interval of +/-£1.07 (+/-1.39%) up or down from last closing price. If Ishares China Large Cap Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £76.69 (0.26%) than the support at £75.68 (1.06%), 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 Large Cap Ucits Etf ETF A Buy?
Ishares China Large Cap 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: -2.225 Sell Candidate Unchanged
Predicted Opening Price for Ishares China Large Cap Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| £76.49 ( 0%) | £76.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDFX.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.49 | - |
| R2 | 76.49 | - |
| R1 | 76.49 | - |
| Price | 76.49 | |
| S1 | 76.49 | - |
| S2 | 76.49 | - |
| S3 | 76.49 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.01 | 4.60% |
| R2 | 78.10 | 2.10% |
| R1 | 76.69 | 0.261% |
| Price | 76.49 | |
| S1 | 75.68 | -1.06% |
| S2 | 70.86 | -7.36% |
| S3 | 70.54 | -7.78% |
FAQ
Click here for our free guide on how to buy Ishares China Large Cap Ucits Etf ETF.
