Ishares Edge Msci Usa Momentum Factor ETF Forecast

Ishares Edge Msci Usa Momentum Factor ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)

IUMF.L Signals & Forecast

The Ishares Edge Msci Usa Momentum Factor ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £1,117.00. On a fall, the ETF will find some support from the long-term average at approximately £1,073.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -2.08%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Tuesday, July 18, 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.

Support, Risk & Stop-loss for Ishares Edge Msci Usa Momentum Factor ETF

Ishares Edge Msci Usa Momentum Factor finds support from accumulated volume at £1,065.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved £9.17 (0.83%) between high and low. For the last week, the ETF has had daily average volatility of 0.97%.

Our recommended stop-loss: £1,069.89 (-3.35%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

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

For the upcoming trading day on Wednesday, 26th we expect Ishares Edge Msci Usa Momentum Factor Ucits Etf Usd (acc) to open at £1,104.28, and during the day (based on 14 day Average True Range), to move between £1,090.29 and £1,123.71, which gives a possible trading interval of +/-£16.71 (+/-1.51%) up or down from last closing price. If Ishares Edge Msci Usa Momentum Factor Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 3.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1,110.50 (0.32%) than the support at £1,065.00 (3.79%), 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 Edge Msci Usa Momentum Factor Ucits Etf Usd (acc) ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ishares Edge Msci Usa Momentum Factor ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.348 Buy Candidate Upgraded

Predicted Opening Price for Ishares Edge Msci Usa Momentum Factor Ucits Etf Usd (acc) of Wednesday, June 26, 2024

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