Ishares Core Ftse 100 Ucits Etf ETF Forecast
Red day on Tuesday for Ishares Core Ftse 100 Ucits Etf ETF after losing 0.692%
(Updated on Jul 02, 2024)
The Ishares Core Ftse 100 Ucits Etf ETF price fell by -0.692% on the last day (Tuesday, 2nd Jul 2024) from $7.37 to $7.31. During the last trading day the ETF fluctuated 0.548% from a day low at $7.30 to a day high of $7.34. The price has risen in 5 of the last 10 days but is still down by -0.16% 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 -28 thousand shares and in total, 18 thousand shares were bought and sold for approximately $128.48 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.29 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.84% during the next 3 months and, with a 90% probability hold a price between $7.65 and $8.11 at the end of this 3-month period.
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ISFD.L Signals & Forecast
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. The Ishares Core Ftse 100 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 $7.38 and $7.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.38%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Ishares Core Ftse 100 Ucits Etf ETF
Ishares Core Ftse 100 Ucits Etf finds support from accumulated volume at $7.11 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 $0.0400 between high and low, or 0.548%. For the last week the ETF has had daily average volatility of 0.663%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ISFD.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ishares Core Ftse 100 Ucits Etf to open at $7.32, and during the day (based on 14 day Average True Range), to move between $7.25 and $7.38, which gives a possible trading interval of +/-$0.0639 (+/-0.87%) up or down from last closing price. If Ishares Core Ftse 100 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.40 (1.23%) than the support at $7.11 (2.79%), 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 Core Ftse 100 Ucits Etf ETF A Buy?
The Ishares Core Ftse 100 Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Ishares Core Ftse 100 Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.523 Sell Candidate Unchanged
Predicted Opening Price for Ishares Core Ftse 100 Ucits Etf of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $7.32 ( 0.0820%) | $7.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISFD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.36 | 0.629% |
| R2 | 7.34 | 0.420% |
| R1 | 7.34 | 0.291% |
| Price | 7.31 | |
| S1 | 7.30 | -0.127% |
| S2 | 7.30 | -0.256% |
| S3 | 7.28 | -0.465% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.55 | 3.23% |
| R2 | 7.50 | 2.54% |
| R1 | 7.40 | 1.23% |
| Price | 7.31 | |
| S1 | 7.11 | -2.79% |
| S2 | 7.09 | -3.06% |
| S3 | 6.99 | -4.43% |
FAQ
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