Ishares Ii Public Ltd Co - Ishares Msci ETF Forecast

Ishares Ii Public Ltd Co - Ishares Msci ETF downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)

ISDW.L Signals & Forecast

The Ishares Ii Public Ltd Co - Ishares Msci ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF 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 £48.56 and £48.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 2.39%. 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. 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 ETF had a Golden Star Signal on Wednesday, June 19, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Ishares Ii Public Ltd Co - Ishares Msci ETF

Ishares Ii Public Ltd Co - Ishares Msci finds support from accumulated volume at £48.33 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £0.380 between high and low, or 0.780%. For the last week the ETF has had daily average volatility of 0.642%

Our recommended stop-loss: £46.12 (-5.52%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (ISDW.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Ishares Ii Public Limited Company - Ishares Msci World Islamic Ucits Etf to open at £48.86, and during the day (based on 14 day Average True Range), to move between £48.37 and £49.25, which gives a possible trading interval of +/-£0.438 (+/-0.90%) up or down from last closing price. If Ishares Ii Public Limited Company - Ishares Msci World Islamic Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £48.90 (0.18%) than the support at £48.33 (0.98%), 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 Ii Public Limited Company - Ishares Msci World Islamic Ucits Etf ETF A Buy?

Ishares Ii Public Ltd Co - Ishares Msci 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.128 Hold/Accumulate Downgraded

Predicted Opening Price for Ishares Ii Public Limited Company - Ishares Msci World Islamic Ucits Etf of Thursday, June 27, 2024

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