Ishares Edge Msci Europe Multifactor ETF Forecast

Weaker technical forecast for Ishares Edge Msci Europe Multifactor as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

IEEU.L Signals & Forecast

There are few to no technical positive signals at the moment. The Ishares Edge Msci Europe Multifactor 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 £10.15 and £10.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Edge Msci Europe Multifactor 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 Edge Msci Europe Multifactor ETF

Ishares Edge Msci Europe Multifactor finds support from accumulated volume at £9.87 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%.

Our recommended stop-loss: £9.61 (-4.69%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (IEEU.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ishares Edge Msci Europe Multifactor Ucits Etf Eur (acc) to open at £10.08, and during the day (based on 14 day Average True Range), to move between £10.00 and £10.16, which gives a possible trading interval of +/-£0.0767 (+/-0.76%) up or down from last closing price. If Ishares Edge Msci Europe Multifactor Ucits Etf Eur (acc) takes out the full calculated possible swing range there will be an estimated 1.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £10.22 (1.39%) than the support at £9.87 (2.08%), 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 Edge Msci Europe Multifactor Ucits Etf Eur (acc) ETF A Buy?

Ishares Edge Msci Europe Multifactor holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ishares Edge Msci Europe Multifactor Ucits Etf Eur (acc) of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.