Ishares Msci Ac Far East Ex-japan Ucits ETF Forecast
Ishares Msci Ac Far East Ex-japan Ucits ETF downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The Ishares Msci Ac Far East Ex-japan Ucits ETF price fell by -0.767% on the last day (Tuesday, 25th Jun 2024) from 52.12 Fr to 51.72 Fr. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.369% from a day low at 51.55 Fr to a day high of 51.74 Fr. The price has been going up and down for this period, and there has been a 1.33% gain for the last 2 weeks. 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 -4 thousand shares and in total, 1 thousand shares were bought and sold for approximately 60.00 Fr thousand.
The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 9.19% during the next 3 months and, with a 90% probability hold a price between 54.77 Fr and 60.59 Fr at the end of this 3-month period.
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IFFF.SW Signals & Forecast
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. The Ishares Msci Ac Far East Ex-japan Ucits 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 52.04 Fr and 51.88 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -3.27%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Ishares Msci Ac Far East Ex-japan Ucits ETF
Ishares Msci Ac Far East Ex-japan Ucits finds support from accumulated volume at 50.94 Fr 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 0.190 Fr between high and low, or 0.369%. For the last week the ETF has had daily average volatility of 0.386%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IFFF.SW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares Msci Ac Far East Ex-japan Ucits Etf to open at 51.67 Fr, and during the day (based on 14 day Average True Range), to move between 51.20 Fr and 52.24 Fr, which gives a possible trading interval of +/-0.519 Fr (+/-1.00%) up or down from last closing price. If Ishares Msci Ac Far East Ex-japan Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 52.12 Fr (0.77%) than the support at 50.94 Fr (1.51%), 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 Msci Ac Far East Ex-japan Ucits Etf ETF A Buy?
The Ishares Msci Ac Far East Ex-japan Ucits ETF holds several negative signals and despite the positive trend, we believe Ishares Msci Ac Far East Ex-japan Ucits 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: -2.772 Sell Candidate Downgraded
Predicted Opening Price for Ishares Msci Ac Far East Ex-japan Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 51.67 Fr ( 0.0967%) | 51.72 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFFF.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.86 | 0.271% |
| R2 | 51.79 | 0.130% |
| R1 | 51.74 | 0.0437% |
| Price | 51.72 | |
| S1 | 51.60 | -0.237% |
| S2 | 51.55 | -0.324% |
| S3 | 51.48 | -0.464% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.61 | 1.72% |
| R2 | 52.21 | 0.95% |
| R1 | 52.12 | 0.773% |
| Price | 51.72 | |
| S1 | 50.94 | -1.51% |
| S2 | 49.51 | -4.27% |
| S3 | 46.99 | -9.15% |
FAQ
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