Ishares Edge Msci Usa Quality Factor ETF Forecast
Ishares Edge Msci Usa Quality Factor ETF price down 0.509% on Tuesday
(Updated on Jun 25, 2024)
The Ishares Edge Msci Usa Quality Factor ETF price fell by -0.509% on the last day (Tuesday, 25th Jun 2024) from £1,129.75 to £1,124.00. During the last trading day the ETF fluctuated 0.485% from a day low at £1,118.66 to a day high of £1,124.09. The price has risen in 6 of the last 10 days and is up by 3.07% over the past 2 weeks. Volume has increased on the last day by 37 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, 54 thousand shares were bought and sold for approximately £60.26 million.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £1,135.54 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.51% during the next 3 months and, with a 90% probability hold a price between £1,128.01 and £1,198.11 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IUQF.L Signals & Forecast
The Ishares Edge Msci Usa Quality Factor 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 £1,123.11 and £1,085.01. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.84%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Ishares Edge Msci Usa Quality Factor ETF
Ishares Edge Msci Usa Quality Factor finds support from accumulated volume at £1,075.50 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 £5.43 (0.485%) between high and low. For the last week, the ETF has had daily average volatility of 0.365%.
The Ishares Edge Msci Usa Quality Factor 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 and the RSI is still moving upwards. 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: £1,093.18 (-2.74%) (This ETF has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (IUQF.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares Edge Msci Usa Quality Factor Ucits Etf Usd (acc) to open at £1,122.25, and during the day (based on 14 day Average True Range), to move between £1,114.12 and £1,133.88, which gives a possible trading interval of +/-£9.88 (+/-0.88%) up or down from last closing price. If Ishares Edge Msci Usa Quality Factor Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,128.75 (0.42%) than the support at £1,075.50 (4.31%), 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 Quality 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 Quality Factor ETF to perform well in the short-term.
Current score: 1.079 Buy Candidate Unchanged
Predicted Opening Price for Ishares Edge Msci Usa Quality Factor Ucits Etf Usd (acc) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £1,122.25 ( 0.156%) | £1,124.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IUQF.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,127.68 | 0.327% |
| R2 | 1,125.60 | 0.143% |
| R1 | 1,124.32 | 0.0287% |
| Price | 1,124.00 | |
| S1 | 1,120.17 | -0.340% |
| S2 | 1,118.89 | -0.454% |
| S3 | 1,116.82 | -0.639% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,133.50 | 0.85% |
| R2 | 1,129.75 | 0.512% |
| R1 | 1,128.75 | 0.423% |
| Price | 1,124.00 | |
| S1 | 1,075.50 | -4.31% |
| S2 | 1,075.25 | -4.34% |
| S3 | 1,071.00 | -4.72% |
FAQ
Click here for our free guide on how to buy Ishares Edge Msci Usa Quality Factor Ucits Etf Usd (acc) ETF.
