Ishares Edge Msci World Value Factor ETF Forecast
Red day on Wednesday for Ishares Edge Msci World Value Factor ETF after losing 0.373%
(Updated on Jun 26, 2024)
The Ishares Edge Msci World Value Factor ETF price fell by -0.373% on the last day (Wednesday, 26th Jun 2024) from £3,349.50 to £3,337.00. During the last trading day the ETF fluctuated 0.720% from a day low at £3,333.00 to a day high of £3,357.00. The price has fallen in 6 of the last 10 days and is down by -1.05% for this period. Volume has increased on the last day by 20 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, 46 thousand shares were bought and sold for approximately £153.57 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can 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 £3,220.48 and £3,353.83 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 mixed signals in the ETF today. The Ishares Edge Msci World Value Factor 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 £3,374.46. On a fall, the ETF will find some support from the short-term average at £3,324.71. 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. 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. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.06%. Further rise is indicated until a new top pivot has been found. 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.
A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 6.77% to £3,562.95 within 40 trading days since signal was issued (Monday, August 12, 2024).
Support, Risk & Stop-loss for Ishares Edge Msci World Value Factor ETF
Ishares Edge Msci World Value Factor finds support from accumulated volume at £3,331.00 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 £24.00 between high and low, or 0.720%. For the last week the ETF has had daily average volatility of 0.584%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ishares Edge Msci World Value Factor Ucits Etf Usd (acc) to open at £3,342.33, and during the day (based on 14 day Average True Range), to move between £3,309.39 and £3,364.61, which gives a possible trading interval of +/-£27.61 (+/-0.83%) 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 1.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3,331.00 (0.18%) than the resistance at £3,398.50 (1.84%), 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 Edge Msci World Value Factor Ucits Etf Usd (acc) ETF A Buy?
Ishares Edge Msci World Value Factor holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.618 Sell Candidate Unchanged
Predicted Opening Price for Ishares Edge Msci World Value Factor Ucits Etf Usd (acc) of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £3,342.33 ( 0.160%) | £3,337.00 |
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 | 3,366.33 | 0.88% |
| R2 | 3,357.17 | 0.604% |
| R1 | 3,351.50 | 0.435% |
| Price | 3,337.00 | |
| S1 | 3,333.17 | -0.115% |
| S2 | 3,327.50 | -0.285% |
| S3 | 3,318.33 | -0.559% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,415.00 | 2.34% |
| R2 | 3,401.00 | 1.92% |
| R1 | 3,398.50 | 1.84% |
| Price | 3,337.00 | |
| S1 | 3,331.00 | -0.180% |
| S2 | 3,330.00 | -0.210% |
| S3 | 3,328.00 | -0.270% |
FAQ
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