Ishares Electric Vehicles And Driving ETF Forecast

Weaker technical forecast for Ishares Electric Vehicles And Driving as ETF downgraded to Sell Candidate.
(Updated on Jun 25, 2024)

IEVD.F Signals & Forecast

There are few to no technical positive signals at the moment. The Ishares Electric Vehicles And Driving ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 7.31€ and 7.26€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -2.40%. 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). 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.

Support, Risk & Stop-loss for Ishares Electric Vehicles And Driving ETF

Ishares Electric Vehicles And Driving finds support from accumulated volume at 7.16€ 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 0.0450€ between high and low, or 0.625%. For the last week the ETF has had daily average volatility of 0.723%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IEVD.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Ishares Electric Vehicles And Driving Technology Ucits Etf to open at 7.23€, and during the day (based on 14 day Average True Range), to move between 7.17€ and 7.32€, which gives a possible trading interval of +/-0.0768€ (+/-1.06%) up or down from last closing price. If Ishares Electric Vehicles And Driving Technology Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 7.25€ (0.04%) than the support at 7.16€ (1.13%), 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 Electric Vehicles And Driving Technology Ucits Etf ETF A Buy?

The Ishares Electric Vehicles And Driving ETF holds several negative signals and despite the positive trend, we believe Ishares Electric Vehicles And Driving will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. 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 Sell candidate.

Current score: -1.092 Sell Candidate Downgraded

Predicted Opening Price for Ishares Electric Vehicles And Driving Technology Ucits Etf of Wednesday, June 26, 2024

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