Ishares € Ultrashort Bond Ucits Etf ETF Forecast
Weaker technical forecast for Ishares € Ultrashort Bond Ucits Etf as ETF downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The Ishares € Ultrashort Bond Ucits Etf ETF price fell by -0.0397% on the last day (Friday, 28th Jun 2024) from 100.80€ to 100.76€. During the last trading day the ETF fluctuated 0.0943% from a day low at 100.74€ to a day high of 100.84€. The price has risen in 6 of the last 10 days and is up by 0.04% over the past 2 weeks. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 62 thousand shares were bought and sold for approximately 6.26€ million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 100.54€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ishares € Ultrashort Bond Ucits Etf ETF with a 90% probability to be traded between 99.66€ and 101.60€ 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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IS3M.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.0944%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares € Ultrashort Bond 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 100.76€ and 101.89€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Ishares € Ultrashort Bond Ucits Etf ETF
Ishares € Ultrashort Bond Ucits Etf finds support from accumulated volume at 100.74€ 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 0.0950€ between high and low, or 0.0943%. For the last week the ETF has had daily average volatility of 0.101%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IS3M.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares € Ultrashort Bond Ucits Etf to open at 100.78€, and during the day (based on 14 day Average True Range), to move between 100.59€ and 100.92€, which gives a possible trading interval of +/-0.162€ (+/-0.16%) up or down from last closing price. If Ishares € Ultrashort Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 100.74€ (0.02%) than the resistance at 102.13€ (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares € Ultrashort Bond Ucits Etf ETF A Buy?
Ishares € Ultrashort Bond Ucits Etf holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.684 Sell Candidate Downgraded
Predicted Opening Price for Ishares € Ultrashort Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 100.78€ ( 0.0215%) | 100.76€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IS3M.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.87 | 0.116% |
| R2 | 100.84 | 0.0798% |
| R1 | 100.81 | 0.0575% |
| Price | 100.76 | |
| S1 | 100.74 | -0.0145% |
| S2 | 100.72 | -0.0368% |
| S3 | 100.68 | -0.0728% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.30 | 1.53% |
| R2 | 102.26 | 1.49% |
| R1 | 102.13 | 1.36% |
| Price | 100.76 | |
| S1 | 100.74 | -0.0199% |
| S2 | 100.71 | -0.0447% |
| S3 | 100.66 | -0.0943% |
FAQ
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