Ishares Emerging Market Infrastructure ETF Forecast

Ishares Emerging Market Infrastructure ETF price ended at 14.04€ on Thursday, after losing 1.24%.
(Updated on Jun 27, 2024)

IUS8.F Signals & Forecast

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 Emerging Market Infrastructure 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 14.30€ and 14.63€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -7.86%. Further fall is indicated until a new bottom pivot has been found. Ishares Emerging Market Infrastructure gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ishares Emerging Market Infrastructure ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 0.284€ between high and low, or 2.02%. For the last week the ETF has had daily average volatility of 1.29%.

Our recommended stop-loss: 13.30€ (-5.28%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (IUS8.F) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Ishares Emerging Market Infrastructure Ucits Etf to open at 14.14€, and during the day (based on 14 day Average True Range), to move between 13.86€ and 14.22€, which gives a possible trading interval of +/-0.178€ (+/-1.27%) up or down from last closing price. If Ishares Emerging Market Infrastructure Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 14.07€, some 0.0280€ (0.20%) from the current price of 14.04€, our system finds the risk reward not very attractive.

Is Ishares Emerging Market Infrastructure Ucits Etf ETF A Buy?

Ishares Emerging Market Infrastructure 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: -0.382 Hold/Accumulate Unchanged

Predicted Opening Price for Ishares Emerging Market Infrastructure Ucits Etf of Friday, June 28, 2024

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