Ishares Msci Japan Ucits Etf Usd (dist) ETF Forecast
Ishares Msci Japan Ucits Etf Usd (dist) ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Ishares Msci Japan Ucits Etf Usd (dist) ETF price gained 0.258% on the last trading day (Wednesday, 26th Jun 2024), rising from £1,357.50 to £1,361.00. During the last trading day the ETF fluctuated 0.589% from a day low at £1,359.00 to a day high of £1,367.00. The price has risen in 5 of the last 10 days but is still down by -0.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 351 thousand more shares were traded than the day before. In total, 425 thousand shares were bought and sold for approximately £577.93 million.
The ETF lies the upper part of a narrow and falling 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 £1,368.96 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -4.22% during the next 3 months and, with a 90% probability hold a price between £1,269.92 and £1,311.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IJPN.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.18%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Msci Japan Ucits Etf Usd (dist) ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £1,361.41. On a fall, the ETF will find some support from the short-term average at £1,341.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ishares Msci Japan Ucits Etf Usd (dist) ETF
Ishares Msci Japan Ucits Etf Usd (dist) finds support from accumulated volume at £1,340.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £8.00 between high and low, or 0.589%. For the last week the ETF has had daily average volatility of 0.484%.
Our recommended stop-loss: £1,280.67 (-5.90%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (IJPN.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Msci Japan Ucits Etf Usd (dist) to open at £1,362.33, and during the day (based on 14 day Average True Range), to move between £1,349.00 and £1,373.00, which gives a possible trading interval of +/-£12.00 (+/-0.88%) up or down from last closing price. If Ishares Msci Japan Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,367.50 (0.48%) than the support at £1,340.00 (1.54%), 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 Japan Ucits Etf Usd (dist) ETF A Buy?
Ishares Msci Japan Ucits Etf Usd (dist) 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.213 Hold/Accumulate Upgraded
Predicted Opening Price for Ishares Msci Japan Ucits Etf Usd (dist) of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £1,362.33 ( 0.0980%) | £1,361.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IJPN.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,370.33 | 0.686% |
| R2 | 1,367.28 | 0.461% |
| R1 | 1,365.39 | 0.323% |
| Price | 1,361.00 | |
| S1 | 1,359.28 | -0.127% |
| S2 | 1,357.39 | -0.265% |
| S3 | 1,354.33 | -0.490% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,380.50 | 1.43% |
| R2 | 1,369.00 | 0.588% |
| R1 | 1,367.50 | 0.478% |
| Price | 1,361.00 | |
| S1 | 1,340.00 | -1.54% |
| S2 | 1,337.50 | -1.73% |
| S3 | 1,332.50 | -2.09% |
IJPN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 24, 2024 | £0.0837 | 0.0064% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 26, 2023 | £9.91 | 0.82% |
| 3 | Jan 12, 2023 | Jan 12, 2023 | Jan 25, 2023 | £8.42 | 0.708% |
| 4 | Jul 14, 2022 | Jul 14, 2022 | Jul 27, 2022 | £11.73 | 1.02% |
| 5 | Jan 13, 2022 | Jan 13, 2022 | Jan 26, 2022 | £7.46 | 0.620% |
FAQ
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