Ishares S&p Small Cap 600 Ucits Etf Usd ETF Forecast

Ishares S&p Small Cap 600 Ucits Etf Usd ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

IUS3.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.31%. 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. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 80.77€. On a fall, the ETF will find some support from the short-term average at 80.12€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

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 79.73€ 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 0.86€ between high and low, or 1.07%. For the last week the ETF has had daily average volatility of 0.88%.

Our recommended stop-loss: 76.32€ (-5.48%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (IUS3.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ishares S&p Small Cap 600 Ucits Etf Usd (dist) to open at 80.82€, and during the day (based on 14 day Average True Range), to move between 79.82€ and 81.68€, which gives a possible trading interval of +/-0.93€ (+/-1.15%) 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 2.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 81.02€ (0.33%) than the support at 79.73€ (1.26%), 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 S&p Small Cap 600 Ucits Etf Usd (dist) ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ishares S&p Small Cap 600 Ucits Etf Usd ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.030 Buy Candidate Upgraded

Predicted Opening Price for Ishares S&p Small Cap 600 Ucits Etf Usd (dist) of Monday, July 1, 2024

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