Ishares Msci Usa Islamic Ucits Etf ETF Forecast

Ishares Msci Usa Islamic Ucits Etf ETF price up 0.751% on Friday
(Updated on Jun 28, 2024)

ISUS.L Signals & Forecast

The Ishares Msci Usa Islamic Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £5,637.14 and £5,549.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 6.39%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Friday, June 14, 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 Msci Usa Islamic Ucits Etf ETF

Ishares Msci Usa Islamic Ucits Etf finds support from accumulated volume at £5,546.50 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 £45.00 between high and low, or 0.792%. For the last week the ETF has had daily average volatility of 1.98%.

The Ishares Msci Usa Islamic Ucits Etf ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: £5,518.88 (-3.22%) (This ETF has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 51 days ago.)

Trading Expectations (ISUS.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ishares Msci Usa Islamic Ucits Etf to open at £5,703.83, and during the day (based on 14 day Average True Range), to move between £5,632.54 and £5,772.46, which gives a possible trading interval of +/-£69.96 (+/-1.23%) up or down from last closing price. If Ishares Msci Usa Islamic Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £5,546.50, some £156.00 (2.74%) from the current price of £5,702.50, our system finds the risk reward attractive.

Is Ishares Msci Usa Islamic Ucits Etf ETF A Buy?

Ishares Msci Usa Islamic Ucits Etf 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ishares Msci Usa Islamic Ucits Etf of Monday, July 1, 2024

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