Ishares Physical Silver Etc ETF Forecast

Red day on Tuesday for Ishares Physical Silver Etc
(Updated on Jun 25, 2024)

ISLN.L Signals & Forecast

There are few to no technical positive signals at the moment. The Ishares Physical Silver Etc 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 £28.18 and £28.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -9.93%. 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 ETF had a Golden Star Signal on Monday, January 29, 2024 in the long-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 Physical Silver Etc ETF

Ishares Physical Silver Etc finds support from accumulated volume at £27.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 £0.645 between high and low, or 2.33%. For the last week the ETF has had daily average volatility of 2.09%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ISLN.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Ishares Physical Silver Etc to open at £27.87, and during the day (based on 14 day Average True Range), to move between £26.84 and £28.46, which gives a possible trading interval of +/-£0.81 (+/-2.94%) up or down from last closing price. If Ishares Physical Silver Etc takes out the full calculated possible swing range there will be an estimated 5.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £27.67 (0.06%) than the support at £27.35 (1.09%), 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 Physical Silver Etc ETF A Buy?

The Ishares Physical Silver Etc ETF holds several negative signals and despite the positive trend, we believe Ishares Physical Silver Etc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -3.358 Sell Candidate Unchanged

Predicted Opening Price for Ishares Physical Silver Etc of Wednesday, June 26, 2024

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