Ishares Core Corp Bond Ucits E ETF Forecast
Ishares Core Corp Bond Ucits E ETF price ended at 5.49€ on Wednesday, after losing 0.0182%.
(Updated on Jun 26, 2024)
The Ishares Core Corp Bond Ucits E ETF price fell by -0.0182% on the last day (Wednesday, 26th Jun 2024) from 5.49€ to 5.49€. During the last trading day the ETF fluctuated 0% from a day low at 5.49€ to a day high of 5.49€. The price has risen in 5 of the last 10 days and is up by 0.37% over the past 2 weeks. Volume has increased on the last day by 1 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, 2 thousand shares were bought and sold for approximately 10.48€ thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 5.49€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Ishares Core Corp Bond Ucits E ETF with a 90% probability to be traded between 5.52€ and 5.55€ 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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IEAU.AS Signals & Forecast
The Ishares Core Corp Bond Ucits E 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 5.48€ and 5.46€. 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). 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 Tuesday, June 25, 2024, and so far it has fallen -0.0182%. Further fall is indicated until a new bottom pivot has been found. Ishares Core Corp Bond Ucits E 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ishares Core Corp Bond Ucits E ETF
Ishares Core Corp Bond Ucits E finds support from accumulated volume at 5.48€ 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€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.128%.
Our recommended stop-loss: 5.33€ (-2.88%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (IEAU.AS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Core Corp Bond Ucits E to open at 5.49€, and during the day (based on 14 day Average True Range), to move between 5.48€ and 5.50€, which gives a possible trading interval of +/-0.0133€ (+/-0.24%) up or down from last closing price. If Ishares Core Corp Bond Ucits E takes out the full calculated possible swing range there will be an estimated 0.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.49€ (0.02%) than the support at 5.48€ (0.13%), 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 Core Corp Bond Ucits E 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 Core Corp Bond Ucits E ETF to perform well in the short-term period.
Current score: 1.438 Buy Candidate Unchanged
Predicted Opening Price for Ishares Core Corp Bond Ucits E of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 5.49€ ( 0%) | 5.49€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEAU.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.49 | - |
| R2 | 5.49 | - |
| R1 | 5.49 | - |
| Price | 5.49 | |
| S1 | 5.49 | - |
| S2 | 5.49 | - |
| S3 | 5.49 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 5.49 | 0.0182% |
| Price | 5.49 | |
| S1 | 5.48 | -0.127% |
| S2 | 5.48 | -0.200% |
| S3 | 5.47 | -0.401% |
FAQ
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