Ishares Global Clean Energy Ucits Etf ETF Forecast

Ishares Global Clean Energy Ucits Etf ETF price up 0.136% on Thursday
(Updated on Jun 20, 2024)

INRG.SW Signals & Forecast

Ishares Global Clean Energy Ucits Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 8.27 Fr and 8.28 Fr. 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 -7.04%. 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).

Support, Risk & Stop-loss for Ishares Global Clean Energy Ucits Etf ETF

Ishares Global Clean Energy Ucits Etf finds support from accumulated volume at 7.90 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.0700 Fr (0.87%) between high and low. 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 (INRG.SW) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Ishares Global Clean Energy Ucits Etf to open at 8.08 Fr, and during the day (based on 14 day Average True Range), to move between 7.92 Fr and 8.23 Fr, which gives a possible trading interval of +/-0.156 Fr (+/-1.93%) 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 3.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 8.11 Fr (0.41%) than the support at 7.90 Fr (2.19%), 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 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: -3.862 Sell Candidate Unchanged

Predicted Opening Price for Ishares Global Clean Energy Ucits Etf of Friday, June 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.