Ishares Core Ftse 100 Ucits Etf Gbp ETF Forecast

Ishares Core Ftse 100 Ucits Etf Gbp ETF price down 0.351% on Friday
(Updated on Jun 28, 2024)

IUSZ.F Signals & Forecast

There are few to no technical positive signals at the moment. The Ishares Core Ftse 100 Ucits Etf Gbp 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 9.45€ and 9.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -3.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Core Ftse 100 Ucits Etf Gbp 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".

Support, Risk & Stop-loss for Ishares Core Ftse 100 Ucits Etf Gbp ETF

Ishares Core Ftse 100 Ucits Etf Gbp finds support from accumulated volume at 9.34€ 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 0.0930€ between high and low, or 0.99%. For the last week the ETF has had daily average volatility of 0.96%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Ishares Core Ftse 100 Ucits Etf Gbp (dist) to open at 9.40€, and during the day (based on 14 day Average True Range), to move between 9.29€ and 9.45€, which gives a possible trading interval of +/-0.0799€ (+/-0.85%) up or down from last closing price. If Ishares Core Ftse 100 Ucits Etf Gbp (dist) takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 9.34€ (0.29%) than the resistance at 9.58€ (2.25%), 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 Core Ftse 100 Ucits Etf Gbp (dist) ETF A Buy?

The Ishares Core Ftse 100 Ucits Etf Gbp ETF holds several negative signals and despite the positive trend, we believe Ishares Core Ftse 100 Ucits Etf Gbp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -2.063 Sell Candidate Unchanged

Predicted Opening Price for Ishares Core Ftse 100 Ucits Etf Gbp (dist) of Monday, July 1, 2024

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