Ishares S&p Small Cap 600 Ucits Etf Usd ETF Forecast
Red day on Tuesday for Ishares S&p Small Cap 600 Ucits Etf Usd ETF after losing 0.444%
(Updated on Jun 25, 2024)
The Ishares S&p Small Cap 600 Ucits Etf Usd ETF price fell by -0.444% on the last day (Tuesday, 25th Jun 2024) from £6,763.50 to £6,733.50. During the last trading day the ETF fluctuated 1.50% from a day low at £6,733.50 to a day high of £6,834.29. The price has fallen in 6 of the last 10 days and is down by -1.91% for this period. Volume has increased on the last day by 5 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, 9 thousand shares were bought and sold for approximately £61.48 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares S&p Small Cap 600 Ucits Etf Usd ETF with a 90% probability to be traded between £6,514.63 and £6,959.07 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ISP6.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.620%. 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. The Ishares S&p Small Cap 600 Ucits Etf Usd 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 £6,733.64 and £6,893.33. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Monday, July 10, 2023 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, July 10, 2023 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.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 10.07% to £7,411.31 within 39 trading days since signal was issued (Thursday, August 08, 2024).
Support, Risk & Stop-loss for Ishares S&p Small Cap 600 Ucits Etf Usd ETF
Ishares S&p Small Cap 600 Ucits Etf Usd finds support from accumulated volume at £6,724.50 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 £100.79 between high and low, or 1.50%. For the last week the ETF has had daily average volatility of 0.89%.
Our recommended stop-loss: £6,387.86 (-5.13%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (ISP6.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares S&p Small Cap 600 Ucits Etf Usd (dist) to open at £6,767.10, and during the day (based on 14 day Average True Range), to move between £6,651.24 and £6,815.76, which gives a possible trading interval of +/-£82.26 (+/-1.22%) up or down from last closing price. If Ishares S&p Small Cap 600 Ucits Etf Usd (dist) takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £6,724.50 (0.13%) than the resistance at £6,807.50 (1.10%), 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 S&p Small Cap 600 Ucits Etf Usd (dist) ETF A Buy?
Ishares S&p Small Cap 600 Ucits Etf Usd 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.
Current score: -0.906 Hold/Accumulate Unchanged
Predicted Opening Price for Ishares S&p Small Cap 600 Ucits Etf Usd (dist) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £6,767.10 ( 0.499%) | £6,733.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISP6.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,867.89 | 2.00% |
| R2 | 6,829.38 | 1.42% |
| R1 | 6,805.60 | 1.07% |
| Price | 6,733.50 | |
| S1 | 6,728.59 | -0.0728% |
| S2 | 6,704.81 | -0.426% |
| S3 | 6,666.31 | -1.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,060.00 | 4.85% |
| R2 | 6,897.00 | 2.43% |
| R1 | 6,807.50 | 1.10% |
| Price | 6,733.50 | |
| S1 | 6,724.50 | -0.134% |
| S2 | 6,722.00 | -0.171% |
| S3 | 6,718.00 | -0.230% |
ISP6 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 24, 2024 | £0.422 | 0.0063% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 26, 2023 | £37.32 | 0.573% |
| 3 | Jan 12, 2023 | Jan 12, 2023 | Jan 25, 2023 | £38.44 | 0.585% |
| 4 | Jul 14, 2022 | Jul 14, 2022 | Jul 27, 2022 | £31.23 | 0.473% |
| 5 | Jan 13, 2022 | Jan 13, 2022 | Jan 26, 2022 | £32.52 | 0.504% |
FAQ
Click here for our free guide on how to buy Ishares S&p Small Cap 600 Ucits Etf Usd (dist) ETF.
