Jpmorgan Etfs (ireland) Icav - ETF Forecast

Weaker technical forecast for Jpmorgan Etfs (ireland) Icav - as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

JE13.F Signals & Forecast

The Jpmorgan Etfs (ireland) Icav - ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 97.85€ and 97.63€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 14, 2023.

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 Jpmorgan Etfs (ireland) Icav - ETF

Jpmorgan Etfs (ireland) Icav - finds support from accumulated volume at 97.53€ 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 0.0700€ between high and low, or 0.0715%. For the last week the ETF has had daily average volatility of 0.0572%

The Jpmorgan Etfs (ireland) Icav - ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: 93.32€ (-4.67%) (This ETF has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (JE13.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Jpmorgan Etfs (ireland) Icav - Betabuilders Eur Govt Bond 1-3 Yr Ucits Etf to open at 97.89€, and during the day (based on 14 day Average True Range), to move between 97.80€ and 97.97€, which gives a possible trading interval of +/-0.0838€ (+/-0.09%) up or down from last closing price. If Jpmorgan Etfs (ireland) Icav - Betabuilders Eur Govt Bond 1-3 Yr Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.17% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 97.53€, some 0.356€ (0.36%) from the current price of 97.89€, our system finds the risk reward attractive.

Is Jpmorgan Etfs (ireland) Icav - Betabuilders Eur Govt Bond 1-3 Yr Ucits Etf ETF A Buy?

Jpmorgan Etfs (ireland) Icav - holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.733 Hold/Accumulate Downgraded

Predicted Opening Price for Jpmorgan Etfs (ireland) Icav - Betabuilders Eur Govt Bond 1-3 Yr Ucits Etf of Monday, July 1, 2024

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