Ishares Edge Msci Europe Value Factor ETF Forecast
Green day on Wednesday for Ishares Edge Msci Europe Value Factor
(Updated on Jul 03, 2024)
The Ishares Edge Msci Europe Value Factor ETF price gained 0.81% on the last trading day (Wednesday, 3rd Jul 2024), rising from 5.68€ to 5.73€. During the last trading day the ETF fluctuated 0.485% from a day low at 5.70€ to a day high of 5.73€. The price has risen in 5 of the last 10 days and is up by 1.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 220 thousand more shares were traded than the day before. In total, 225 thousand shares were bought and sold for approximately 1.29€ million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares Edge Msci Europe Value Factor ETF with a 90% probability to be traded between 5.60€ and 6.10€ 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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IEDL.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.07%. 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). Ishares Edge Msci Europe Value Factor 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. The Ishares Edge Msci Europe Value Factor 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 5.89€. On a fall, the ETF will find some support from the short-term average at 5.69€. 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.
Support, Risk & Stop-loss for Ishares Edge Msci Europe Value Factor ETF
Ishares Edge Msci Europe Value Factor finds support from accumulated volume at 5.72€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 0.0276€ between high and low, or 0.485%. For the last week, the ETF has had daily average volatility of 0.373%.
Our recommended stop-loss: 5.42€ (-5.36%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (IEDL.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Ishares Edge Msci Europe Value Factor Ucits Etf to open at 5.72€, and during the day (based on 14 day Average True Range), to move between 5.67€ and 5.78€, which gives a possible trading interval of +/-0.0514€ (+/-0.90%) up or down from last closing price. If Ishares Edge Msci Europe Value Factor Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 5.72€ (0.09%) than the resistance at 5.77€ (0.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares Edge Msci Europe Value Factor Ucits Etf ETF A Buy?
Ishares Edge Msci Europe Value Factor holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.379 Hold/Accumulate Unchanged
Predicted Opening Price for Ishares Edge Msci Europe Value Factor Ucits Etf of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| 5.72€ ( 0.161%) | 5.73€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEDL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.74 | 0.322% |
| R2 | 5.73 | 0.137% |
| R1 | 5.73 | 0.0235% |
| Price | 5.73 | |
| S1 | 5.71 | -0.345% |
| S2 | 5.70 | -0.459% |
| S3 | 5.69 | -0.643% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.06 | 5.85% |
| R2 | 5.96 | 4.05% |
| R1 | 5.77 | 0.786% |
| Price | 5.73 | |
| S1 | 5.72 | -0.0873% |
| S2 | 5.71 | -0.314% |
| S3 | 5.69 | -0.611% |
IEDL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | 0.0723€ | 1.33% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | 0.187€ | 3.50% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 15, 2022 | 0.0633€ | 1.26% |
| 4 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | 0.149€ | 3.02% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | 0.0756€ | 1.42% |
FAQ
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