Ishares Msci Japan Ucits Etf Usd (dist) ETF Forecast
Ishares Msci Japan Ucits Etf Usd (dist) ETF price up 1.58% on Friday
(Updated on Jun 28, 2024)
The Ishares Msci Japan Ucits Etf Usd (dist) ETF price gained 1.58% on the last trading day (Friday, 28th Jun 2024), rising from £1,361.00 to £1,382.50. During the last trading day the ETF fluctuated 1.35% from a day low at £1,367.50 to a day high of £1,386.00. The price has risen in 6 of the last 10 days and is up by 3.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 89 thousand more shares were traded than the day before. In total, 89 thousand shares were bought and sold for approximately £123.12 million.
The ETFhas broken the narrow and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £1,362.60, a level that may pose a second chance to hit a runner. According to fan-theory £1,416.38 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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IJPN.L Signals & Forecast
The Ishares Msci Japan Ucits Etf Usd (dist) ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £1,352.14 and £1,360.34. 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 3.79%. 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. 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 £1,369.00 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 £18.50 between high and low, or 1.35%. For the last week the ETF has had daily average volatility of 0.562%.
Our recommended stop-loss: £1,304.08 (-5.67%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (IJPN.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Msci Japan Ucits Etf Usd (dist) to open at £1,378.67, and during the day (based on 14 day Average True Range), to move between £1,370.39 and £1,394.61, which gives a possible trading interval of +/-£12.11 (+/-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 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,389.25 (0.49%) than the support at £1,369.00 (0.98%), 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ishares Msci Japan Ucits Etf Usd (dist) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £1,378.67 ( 0.277%) | £1,382.50 |
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 | 1,397.17 | 1.06% |
| R2 | 1,390.10 | 0.550% |
| R1 | 1,385.73 | 0.234% |
| Price | 1,382.50 | |
| S1 | 1,371.60 | -0.788% |
| S2 | 1,367.23 | -1.10% |
| S3 | 1,360.17 | -1.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,398.25 | 1.14% |
| R2 | 1,391.50 | 0.651% |
| R1 | 1,389.25 | 0.488% |
| Price | 1,382.50 | |
| S1 | 1,369.00 | -0.98% |
| S2 | 1,361.00 | -1.56% |
| S3 | 1,332.50 | -3.62% |
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% |
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