Ishares Euro Stoxx Mid Ucits Etf ETF Forecast

Ishares Euro Stoxx Mid Ucits Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

IQQM.F Signals & Forecast

There are few to no technical positive signals at the moment. The Ishares Euro Stoxx Mid 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 65.99€ and 68.88€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -8.70%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ishares Euro Stoxx Mid Ucits Etf ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.560€ between high and low, or 0.86%. For the last week the ETF has had daily average volatility of 0.87%.

Our recommended stop-loss: 60.82€ (-6.50%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (IQQM.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ishares Euro Stoxx Mid Ucits Etf to open at 65.12€, and during the day (based on 14 day Average True Range), to move between 64.33€ and 65.77€, which gives a possible trading interval of +/-0.723€ (+/-1.11%) up or down from last closing price. If Ishares Euro Stoxx Mid Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 69.86€, some 4.81€ (7.39%) from the current price of 65.05€, our system finds the risk reward not very attractive.

Is Ishares Euro Stoxx Mid Ucits Etf ETF A Buy?

Ishares Euro Stoxx Mid Ucits Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.564 Hold/Accumulate Upgraded

Predicted Opening Price for Ishares Euro Stoxx Mid Ucits Etf of Monday, July 1, 2024

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