Ishares Euro Stoxx Mid Ucits Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ishares Euro Stoxx Mid Ucits Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Ishares Euro Stoxx Mid Ucits Etf ETF price fell by -0.85% on the last day (Friday, 28th Jun 2024) from 65.61€ to 65.05€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.86% from a day low at 64.88€ to a day high of 65.44€. The price has fallen in 6 of the last 10 days and is down by -0.93% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -9 thousand shares and in total, 1 thousand shares were bought and sold for approximately 93.09€ thousand.
Given the current horizontal trend, you can expect Ishares Euro Stoxx Mid Ucits Etf ETF with a 90% probability to be traded between 65.66€ and 72.27€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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
Fair opening price July 1, 2024 | Current price |
---|---|
65.12€ ( 0.113%) | 65.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IQQM.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 65.68 | 0.97% |
R2 | 65.47 | 0.645% |
R1 | 65.34 | 0.442% |
Price | 65.05 | |
S1 | 64.91 | -0.216% |
S2 | 64.78 | -0.419% |
S3 | 64.56 | -0.748% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 70.60 | 8.53% |
R2 | 70.44 | 8.29% |
R1 | 69.86 | 7.39% |
Price | 65.05 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
IQQM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 27, 2024 | 0.0726€ | 0% |
2 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | 0.139€ | 0% |
3 | Sep 14, 2023 | Sep 14, 2023 | Sep 27, 2023 | 0.512€ | 0% |
4 | Jun 15, 2023 | Jun 15, 2023 | Jun 28, 2023 | 0.94€ | 0% |
5 | Mar 16, 2023 | Mar 16, 2023 | Mar 29, 2023 | 0.0390€ | 0% |
FAQ
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