Ishares Edge Msci Usa Multifactor Ucits ETF Forecast
Ishares Edge Msci Usa Multifactor Ucits ETF downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Ishares Edge Msci Usa Multifactor Ucits ETF price fell by -0.516% on the last day (Tuesday, 25th Jun 2024) from $12.11 to $12.05. During the last trading day the ETF fluctuated 1.17% from a day low at $11.91 to a day high of $12.05. The price has risen in 5 of the last 10 days and is up by 2.75% over the past 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 -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately $39.77 thousand.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $12.14 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 4.42% during the next 3 months and, with a 90% probability hold a price between $11.97 and $12.68 at the end of this 3-month period.
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IFSU.L Signals & Forecast
The Ishares Edge Msci Usa Multifactor Ucits ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.03 and $11.70. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.639%. 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 Edge Msci Usa Multifactor Ucits ETF
Ishares Edge Msci Usa Multifactor Ucits finds support from accumulated volume at $11.92 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 $0.140 between high and low, or 1.17%. For the last week the ETF has had daily average volatility of 0.310%
Our recommended stop-loss: $11.59 (-3.77%) (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 (IFSU.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares Edge Msci Usa Multifactor Ucits Etf Usd (acc) to open at $12.00, and during the day (based on 14 day Average True Range), to move between $11.96 and $12.13, which gives a possible trading interval of +/-$0.0850 (+/-0.71%) up or down from last closing price. If Ishares Edge Msci Usa Multifactor Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.08 (0.27%) than the support at $11.92 (1.10%), 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 Usa Multifactor Ucits Etf Usd (acc) ETF A Buy?
Ishares Edge Msci Usa Multifactor Ucits 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. 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: 0.596 Hold/Accumulate Downgraded
Predicted Opening Price for Ishares Edge Msci Usa Multifactor Ucits Etf Usd (acc) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $12.00 ( 0.387%) | $12.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFSU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.14 | 0.774% |
| R2 | 12.09 | 0.331% |
| R1 | 12.05 | 0.0565% |
| Price | 12.05 | |
| S1 | 11.95 | -0.83% |
| S2 | 11.91 | -1.10% |
| S3 | 11.86 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.13 | 0.643% |
| R2 | 12.11 | 0.519% |
| R1 | 12.08 | 0.270% |
| Price | 12.05 | |
| S1 | 11.92 | -1.10% |
| S2 | 11.75 | -2.51% |
| S3 | 11.51 | -4.46% |
FAQ
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