Jpmorgan Etfs (ireland) Icav - Eur ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Jpmorgan Etfs (ireland) Icav - Eur ETF downgraded from Strong Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Jpmorgan Etfs (ireland) Icav - Eur ETF price fell by -0.0096% on the last day (Friday, 28th Jun 2024) from 103.96€ to 103.95€. During the last trading day the ETF fluctuated 0.0337% from a day low at 103.94€ to a day high of 103.98€. The price has risen in 7 of the last 10 days and is up by 0.13% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately 253.63€ thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 103.97€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Jpmorgan Etfs (ireland) Icav - Eur ETF with a 90% probability to be traded between 104.73€ and 104.87€ 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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JEST.F Signals & Forecast
The Jpmorgan Etfs (ireland) Icav - Eur 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 103.92€ and 103.67€. 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 Thursday, June 27, 2024, and so far it has fallen -0.0096%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Jpmorgan Etfs (ireland) Icav - Eur ETF
Jpmorgan Etfs (ireland) Icav - Eur finds support from accumulated volume at 103.40€ 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 0.0350€ between high and low, or 0.0337%. For the last week the ETF has had daily average volatility of 0.0568%
The Jpmorgan Etfs (ireland) Icav - Eur 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. 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: 99.16€ (-4.60%) (This ETF has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (JEST.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jpmorgan Etfs (ireland) Icav - Eur Ultra-short Income Ucits Etf to open at 103.95€, and during the day (based on 14 day Average True Range), to move between 103.87€ and 104.02€, which gives a possible trading interval of +/-0.0716€ (+/-0.07%) up or down from last closing price. If Jpmorgan Etfs (ireland) Icav - Eur Ultra-short Income Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 103.96€ (0.01%) than the support at 103.40€ (0.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Jpmorgan Etfs (ireland) Icav - Eur Ultra-short Income Ucits Etf ETF A Buy?
Jpmorgan Etfs (ireland) Icav - Eur 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 Strong Buy to a Hold/Accumulate candidate.
Current score: -0.334 Hold/Accumulate Downgraded
Predicted Opening Price for Jpmorgan Etfs (ireland) Icav - Eur Ultra-short Income Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 103.95€ ( 0.0080%) | 103.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JEST.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.99 | 0.0417% |
| R2 | 103.97 | 0.0288% |
| R1 | 103.97 | 0.0209% |
| Price | 103.95 | |
| S1 | 103.94 | -0.0048% |
| S2 | 103.93 | -0.0128% |
| S3 | 103.92 | -0.0257% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 103.96 | 0.0096% |
| Price | 103.95 | |
| S1 | 103.40 | -0.524% |
| S2 | 103.05 | -0.86% |
| S3 | 103.04 | -0.87% |
FAQ
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