Ishares Msci Japan Chf Hedged Ucits Etf 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
Ishares Msci Japan Chf Hedged Ucits Etf ETF upgraded to Strong Buy Candidate.
(Updated on Jun 28, 2024)
The Ishares Msci Japan Chf Hedged Ucits Etf ETF price gained 1.31% on the last trading day (Friday, 28th Jun 2024), rising from 94.43 Fr to 95.67 Fr. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.98% from a day low at 94.84 Fr to a day high of 95.77 Fr. The price has risen in 8 of the last 10 days and is up by 4.18% over the past 2 weeks. Volume fell on the last day by -972 shares and in total, 5 thousand shares were bought and sold for approximately 433.10 Fr thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 94.30 Fr, a level that may pose a second chance to hit a runner. According to fan-theory 98.05 Fr will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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IJPC.SW Signals & Forecast
The Ishares Msci Japan Chf Hedged Ucits Etf 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 93.45 Fr and 92.65 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 5.22%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A buy signal from a double bottom formation was found on Thursday, April 25, 2024 with a target of 90.81 Fr. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Ishares Msci Japan Chf Hedged Ucits Etf ETF
Ishares Msci Japan Chf Hedged Ucits Etf finds support from accumulated volume at 91.97 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 0.93 Fr between high and low, or 0.98%. For the last week the ETF has had daily average volatility of 0.575%
Our recommended stop-loss: 91.22 Fr (-4.65%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (IJPC.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Msci Japan Chf Hedged Ucits Etf (acc) to open at 95.43 Fr, and during the day (based on 14 day Average True Range), to move between 94.87 Fr and 96.47 Fr, which gives a possible trading interval of +/-0.80 Fr (+/-0.84%) up or down from last closing price. If Ishares Msci Japan Chf Hedged Ucits Etf (acc) takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 91.97 Fr, some 3.70 Fr (3.87%) from the current price of 95.67 Fr, our system finds the risk reward attractive.
Is Ishares Msci Japan Chf Hedged Ucits Etf (acc) ETF A Buy?
Ishares Msci Japan Chf Hedged Ucits Etf holds several positive signals and has broken the weak rising trend up. As the ETF is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.198 Strong Buy Candidate Upgraded
Predicted Opening Price for Ishares Msci Japan Chf Hedged Ucits Etf (acc) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 95.43 Fr ( 0.254%) | 95.67 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IJPC.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 96.36 | 0.718% |
| R2 | 96.00 | 0.346% |
| R1 | 95.78 | 0.117% |
| Price | 95.67 | |
| S1 | 95.07 | -0.626% |
| S2 | 94.85 | -0.86% |
| S3 | 94.50 | -1.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 95.67 | |
| S1 | 91.97 | -3.87% |
| S2 | 91.36 | -4.51% |
| S3 | 91.17 | -4.70% |
FAQ
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