Ishares Emerging Market Infrastructure ETF Forecast
Stronger technical forecast for Ishares Emerging Market Infrastructure ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Ishares Emerging Market Infrastructure ETF price gained 1.27% on the last trading day (Friday, 28th Jun 2024), rising from 14.04€ to 14.22€. During the last trading day the ETF fluctuated 0.633% from a day low at 14.21€ to a day high of 14.30€. The price has fallen in 6 of the last 10 days and is down by -1.73% for this period. Volume fell on the last day by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately 31.47€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 14.04€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ishares Emerging Market Infrastructure ETF with a 90% probability to be traded between 14.06€ and 15.26€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IUS8.F Signals & Forecast
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 14.28€ and 14.60€. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.27%. 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).
Support, Risk & Stop-loss for Ishares Emerging Market Infrastructure ETF
Ishares Emerging Market Infrastructure finds support from accumulated volume at 14.18€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.0900€ between high and low, or 0.633%. For the last week the ETF has had daily average volatility of 1.33%
Our recommended stop-loss: 13.46€ (-5.38%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (IUS8.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Emerging Market Infrastructure Ucits Etf to open at 14.24€, and during the day (based on 14 day Average True Range), to move between 14.04€ and 14.40€, which gives a possible trading interval of +/-0.183€ (+/-1.29%) 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 2.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 14.18€ (0.28%) than the resistance at 14.44€ (1.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares Emerging Market Infrastructure Ucits Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.414 Buy Candidate Upgraded
Predicted Opening Price for Ishares Emerging Market Infrastructure Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 14.24€ ( 0.164%) | 14.22€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IUS8.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.33 | 0.797% |
| R2 | 14.30 | 0.555% |
| R1 | 14.28 | 0.406% |
| Price | 14.22 | |
| S1 | 14.21 | -0.0777% |
| S2 | 14.19 | -0.227% |
| S3 | 14.15 | -0.469% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.00 | 5.49% |
| R2 | 14.55 | 2.32% |
| R1 | 14.44 | 1.55% |
| Price | 14.22 | |
| S1 | 14.18 | -0.281% |
| S2 | 14.17 | -0.352% |
| S3 | 14.07 | -1.05% |
FAQ
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