Ishares Global Clean Energy Ucits Etf ETF Forecast
Red day on Friday for Ishares Global Clean Energy Ucits Etf
(Updated on Jun 28, 2024)
The Ishares Global Clean Energy Ucits Etf ETF price fell by -1.23% on the last day (Friday, 28th Jun 2024) from 19.67€ to 19.43€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 1.82% from a day low at 19.43€ to a day high of 19.78€. The price has fallen in 7 of the last 10 days and is down by -6.98% for this period. Volume has increased on the last day by 29 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 30 thousand shares were bought and sold for approximately 575.73€ thousand.
Given the current short-term trend, the ETF is expected to rise 8.29% during the next 3 months and, with a 90% probability hold a price between 21.04€ and 24.24€ at the end of this 3-month period.
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INRA.AS Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Global Clean Energy Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 19.96€ and 20.76€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -10.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Global Clean Energy Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ishares Global Clean Energy Ucits Etf ETF
Ishares Global Clean Energy Ucits Etf finds support from accumulated volume at 19.17€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 0.354€ between high and low, or 1.82%. For the last week, the ETF has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INRA.AS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Global Clean Energy Ucits Etf to open at 19.55€, and during the day (based on 14 day Average True Range), to move between 19.10€ and 19.76€, which gives a possible trading interval of +/-0.331€ (+/-1.71%) up or down from last closing price. If Ishares Global Clean Energy Ucits Etf takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 19.17€ (1.34%) than the resistance at 19.85€ (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares Global Clean Energy Ucits Etf ETF A Buy?
The Ishares Global Clean Energy Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Ishares Global Clean Energy Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.628 Sell Candidate Unchanged
Predicted Opening Price for Ishares Global Clean Energy Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
19.55€ ( 0.607%) | 19.43€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INRA.AS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.90 | 2.43% |
R2 | 19.77 | 1.73% |
R1 | 19.68 | 1.30% |
Price | 19.43 | |
S1 | 19.41 | -0.0886% |
S2 | 19.33 | -0.518% |
S3 | 19.19 | -1.21% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.61 | 11.21% |
R2 | 20.50 | 5.51% |
R1 | 19.85 | 2.16% |
Price | 19.43 | |
S1 | 19.17 | -1.34% |
S2 | 18.77 | -3.39% |
S3 | 18.69 | -3.81% |
FAQ
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