Ishares Edge Msci World Value Factor ETF Forecast
Red day on Monday for Ishares Edge Msci World Value Factor ETF after losing 0.0605%
(Updated on Jun 17, 2024)
The Ishares Edge Msci World Value Factor ETF price fell by -0.0605% on the last day (Monday, 17th Jun 2024) from £3,304.00 to £3,302.00. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.576% from a day low at £3,292.03 to a day high of £3,311.00. The price has fallen in 6 of the last 10 days and is down by -2.37% for this period. Volume has increased on the last day by 2 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, 13 thousand shares were bought and sold for approximately £44.17 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £3,295.25 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ishares Edge Msci World Value Factor ETF with a 90% probability to be traded between £3,266.97 and £3,392.76 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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IWFV.L Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Edge Msci World Value Factor 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 £3,338.79 and £3,375.96. 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 -3.80%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Friday, November 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, November 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Ishares Edge Msci World Value Factor 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 £18.97 between high and low, or 0.576%. For the last week the ETF has had daily average volatility of 0.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IWFV.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Ishares Edge Msci World Value Factor Ucits Etf Usd (acc) to open at £3,301.68, and during the day (based on 14 day Average True Range), to move between £3,272.95 and £3,331.05, which gives a possible trading interval of +/-£29.05 (+/-0.88%) up or down from last closing price. If Ishares Edge Msci World Value 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.
With no support below and resistance from accumulated volume @ £3,330.00, some £28.00 (0.85%) from the current price of £3,302.00, our system finds the risk reward not very attractive.
Is Ishares Edge Msci World Value Factor Ucits Etf Usd (acc) ETF A Buy?
Ishares Edge Msci World Value Factor holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.602 Sell Candidate Unchanged
Predicted Opening Price for Ishares Edge Msci World Value Factor Ucits Etf Usd (acc) of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
£3,301.68 ( 0.0098%) | £3,302.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IWFV.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,320.65 | 0.565% |
R2 | 3,313.40 | 0.345% |
R1 | 3,308.92 | 0.210% |
Price | 3,302.00 | |
S1 | 3,294.43 | -0.229% |
S2 | 3,289.95 | -0.365% |
S3 | 3,282.71 | -0.584% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,401.00 | 3.00% |
R2 | 3,398.50 | 2.92% |
R1 | 3,330.00 | 0.85% |
Price | 3,302.00 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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