iShares Physical Palladium ETC Stock Forecast

iShares Physical Palladium ETC stock price down 0.160% on Friday
(Updated on May 17, 2024)

IPDM.L Signals & Forecast

The iShares Physical Palladium ETC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock 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 £28.24 and £28.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 7.21%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. iShares Physical Palladium ETC 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 Physical Palladium ETC stock

iShares Physical Palladium ETC finds support from accumulated volume at £28.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.85 between high and low, or 3.02%. For the last week, the stock has had daily average volatility of 2.02%.

Our recommended stop-loss: £27.89 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (IPDM.L) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect iShares Physical Palladium ETC to open at £28.69, and during the day (based on 14 day Average True Range), to move between £28.00 and £29.73, which gives a possible trading interval of +/-£0.86 (+/-3.00%) up or down from last closing price. If iShares Physical Palladium ETC takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £28.91 (0.16%) than the support at £28.32 (1.88%), 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 Physical Palladium ETC stock A Buy?

iShares Physical Palladium ETC 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 Physical Palladium ETC of Monday, May 20, 2024

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