Ishares Msci Ac Far East Ex-japan Ucits ETF Forecast

Weaker technical forecast for Ishares Msci Ac Far East Ex-japan Ucits as ETF downgraded to Buy Candidate.
(Updated on Jun 20, 2024)

IQQF.F Signals & Forecast

The Ishares Msci Ac Far East Ex-japan Ucits ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 48.41€ and 48.02€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found. Ishares Msci Ac Far East Ex-japan Ucits 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 Msci Ac Far East Ex-japan Ucits ETF

Ishares Msci Ac Far East Ex-japan Ucits finds support from accumulated volume at 47.67€ 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 0.480€ between high and low, or 0.98%. For the last week the ETF has had daily average volatility of 0.586%.

Our recommended stop-loss: 47.46€ (-2.88%) (This ETF has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 43 days ago.)

Trading Expectations (IQQF.F) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Ishares Msci Ac Far East Ex-japan Ucits Etf to open at 48.96€, and during the day (based on 14 day Average True Range), to move between 48.40€ and 49.33€, which gives a possible trading interval of +/-0.470€ (+/-0.96%) up or down from last closing price. If Ishares Msci Ac Far East Ex-japan Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 49.05€ (0.38%) than the support at 47.67€ (2.45%), 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 Ac Far East Ex-japan Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ishares Msci Ac Far East Ex-japan Ucits ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.505 Buy Candidate Downgraded

Predicted Opening Price for Ishares Msci Ac Far East Ex-japan Ucits Etf of Friday, June 21, 2024

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