Ishares Edge Msci Europe Momentum Factor 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
Red day on Wednesday for Ishares Edge Msci Europe Momentum Factor ETF after losing 0.664%
(Updated on Jun 19, 2024)
The Ishares Edge Msci Europe Momentum Factor ETF price fell by -0.664% on the last day (Wednesday, 19th Jun 2024) from 7.68€ to 7.62€. During the last trading day the ETF fluctuated 0% from a day low at 7.62€ to a day high of 7.62€. The price has risen in 5 of the last 10 days but is still down by -2.26% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -122 shares and in total, 0 shares were bought and sold for approximately 0€ .
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 7.59€ 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 4.85% during the next 3 months and, with a 90% probability hold a price between 7.96€ and 8.42€ 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.
IEMD.L Signals & Forecast
The Ishares Edge Msci Europe Momentum Factor 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 7.74€ and 7.77€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.660%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Ishares Edge Msci Europe Momentum Factor ETF
Ishares Edge Msci Europe Momentum Factor finds support from accumulated volume at 7.53€ 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 0.283%
Our recommended stop-loss: 7.17€ (-5.94%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (IEMD.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Ishares Edge Msci Europe Momentum Factor Ucits Etf to open at 7.62€, and during the day (based on 14 day Average True Range), to move between 7.55€ and 7.70€, which gives a possible trading interval of +/-0.0727€ (+/-0.95%) up or down from last closing price. If Ishares Edge Msci Europe Momentum Factor Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 7.63€ (0.08%) than the support at 7.53€ (1.23%), 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 Momentum Factor Ucits Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.412 Buy Candidate Unchanged
Predicted Opening Price for Ishares Edge Msci Europe Momentum Factor Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| 7.62€ ( 0%) | 7.62€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEMD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.62 | - |
| R2 | 7.62 | - |
| R1 | 7.62 | - |
| Price | 7.62 | |
| S1 | 7.62 | - |
| S2 | 7.62 | - |
| S3 | 7.62 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.88 | 3.36% |
| R2 | 7.72 | 1.26% |
| R1 | 7.63 | 0.0787% |
| Price | 7.62 | |
| S1 | 7.53 | -1.23% |
| S2 | 7.51 | -1.50% |
| S3 | 7.49 | -1.76% |
IEMD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | 0.0359€ | 0.537% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 28, 2023 | 0.150€ | 2.35% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 30, 2022 | 0.0682€ | 1.12% |
| 4 | Jun 16, 2022 | Jun 16, 2022 | Jun 29, 2022 | 0.109€ | 1.78% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 31, 2021 | 0.0763€ | 1.04% |
FAQ
Click here for our free guide on how to buy Ishares Edge Msci Europe Momentum Factor Ucits Etf ETF.
